PA-22
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- Joined
- Dec 23, 2005
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BusinessWeek Online
Monday August 21, 8:08 am ET
By Michael Arndt
Northwest Airlines just won a cut in take-home pay of as much as 40% from the last of its labor groups as the carrier restructures through bankruptcy proceedings. Management has followed up by advising these newly strapped employees on how to make ends meet. Among the company's tips: dumpster-diving.
In a memo titled "Preparing for a Financial Setback," Northwest (nwacq.pk.PK) offered 101 ways to save money. No. 46 reads: "Don't be shy about pulling something you like out of the trash." Other budget-stretchers include taking in boarders, air-drying clothes, asking for hand-me-downs from family and friends, changing your car's oil yourself, using old newspapers for cat litter, and donating time instead of money to religious groups or charities. Of all of Northwest's unionized workers, its 9,200 flight attendants may be in the tightest spot. On July 31, their annual pay dropped to a range of $16,000 for starting workers to $43,000 for the most senior, when a bankruptcy judge ordered them to accept the airline's contract terms. Camilla Wolkerstorfer, interim president of the Northwest Council of the Association of Flight Attendants, calls the memo "insulting and outrageous." She says flight attendants are so squeezed that some are taking second jobs and working seven days a week to pay their bills. "I just don't get that mentality," she says of the airline's management.
I wish this was a joke but it's not. It's in the news today. Here's the link for the complete article:http://biz.yahoo.com/bizwk/060821/pi20060818821043.html?.v=1
STOP insulting the employees and lowering the bar for the rest of us.
Good luck to all the professionals at NWA.
Monday August 21, 8:08 am ET
By Michael Arndt
Northwest Airlines just won a cut in take-home pay of as much as 40% from the last of its labor groups as the carrier restructures through bankruptcy proceedings. Management has followed up by advising these newly strapped employees on how to make ends meet. Among the company's tips: dumpster-diving.
In a memo titled "Preparing for a Financial Setback," Northwest (nwacq.pk.PK) offered 101 ways to save money. No. 46 reads: "Don't be shy about pulling something you like out of the trash." Other budget-stretchers include taking in boarders, air-drying clothes, asking for hand-me-downs from family and friends, changing your car's oil yourself, using old newspapers for cat litter, and donating time instead of money to religious groups or charities. Of all of Northwest's unionized workers, its 9,200 flight attendants may be in the tightest spot. On July 31, their annual pay dropped to a range of $16,000 for starting workers to $43,000 for the most senior, when a bankruptcy judge ordered them to accept the airline's contract terms. Camilla Wolkerstorfer, interim president of the Northwest Council of the Association of Flight Attendants, calls the memo "insulting and outrageous." She says flight attendants are so squeezed that some are taking second jobs and working seven days a week to pay their bills. "I just don't get that mentality," she says of the airline's management.
I wish this was a joke but it's not. It's in the news today. Here's the link for the complete article:http://biz.yahoo.com/bizwk/060821/pi20060818821043.html?.v=1
STOP insulting the employees and lowering the bar for the rest of us.
Good luck to all the professionals at NWA.
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