astroglider
Well-known member
- Joined
- Dec 9, 2005
- Posts
- 86
Apparently Delta's top managers were unhappy with employee complaints regarding the "new" severance package they are asking the bankruptcy judge to approve for roughly 150 senior executives & directors. They didn't like my characterization of it as "SERP #2". The point of the SEPRs was to offer benefits to selected executives that were NOT available to line employees. This new program falls in the same category and line of thinking.
Yes, current pilots do have a "severance" package, in the form of furlough pay. But it is NOT 12 months pay, as the company is seeking to give these executives. The pilots get a maximum of 6 months severance pay, based on their longevity with the company.
Furthermore, the company is currently DEMANDING ALPA reduce pilot furlough pay to a maximum of 3 months pay. Again, this contrasts with the 12 months pay they are seeking to give many of these 150 "special" executives. That's the outrage!
On Feb. 1st, ramp and cargo personnel in dozens of stations had their jobs eliminated. What did the company offer these loyal employees in terms of "severance"? They got 1 weeks of severance pay for each year of Delta service, to a maximum of 13 weeks (or 3 months) pay! Many of these employees had over 20 years loyal service with Delta.
Again, they are offering this group of 150 executives, Sr. VPs, VPs, and Directors, something they are NOT willing to offer line employees! That's why we're pissed!!!! But if management and the Board of Directors were truly "in touch" with line employees, they would understand that fact and have NEVER requested MORE than they are offering line employees.
Additionally, the companys defends the program by saying:
"Delta executives have participated at the same or greater level in base pay and benefit reductions as compared to non-executive, non-pilot employees. CEO Jerry Grinstein took a 25% reduction in base pay effective November 1, 2005. Delta officers took a 15% reduction in base pay effective November 1, 2005, in addition to a 10% reduction on January 1, 2005."
Excuse me, but my hourly pay rate (not counting my frozen pension and other benefits), has been cut 42% for doing the same job I was doing 2 years ago. After the anticipated March pay cut it will be 47%. These Delta executives have NOT participated at the same or greater level in base pay and benefit reductions. I am sure there are many more line employees who have had the percentage of their pay cut more than these executives.
It never ceases to amaze me, the lack of morals in the typical airline management team.
Yes, current pilots do have a "severance" package, in the form of furlough pay. But it is NOT 12 months pay, as the company is seeking to give these executives. The pilots get a maximum of 6 months severance pay, based on their longevity with the company.
Furthermore, the company is currently DEMANDING ALPA reduce pilot furlough pay to a maximum of 3 months pay. Again, this contrasts with the 12 months pay they are seeking to give many of these 150 "special" executives. That's the outrage!
On Feb. 1st, ramp and cargo personnel in dozens of stations had their jobs eliminated. What did the company offer these loyal employees in terms of "severance"? They got 1 weeks of severance pay for each year of Delta service, to a maximum of 13 weeks (or 3 months) pay! Many of these employees had over 20 years loyal service with Delta.
Again, they are offering this group of 150 executives, Sr. VPs, VPs, and Directors, something they are NOT willing to offer line employees! That's why we're pissed!!!! But if management and the Board of Directors were truly "in touch" with line employees, they would understand that fact and have NEVER requested MORE than they are offering line employees.
Additionally, the companys defends the program by saying:
"Delta executives have participated at the same or greater level in base pay and benefit reductions as compared to non-executive, non-pilot employees. CEO Jerry Grinstein took a 25% reduction in base pay effective November 1, 2005. Delta officers took a 15% reduction in base pay effective November 1, 2005, in addition to a 10% reduction on January 1, 2005."
Excuse me, but my hourly pay rate (not counting my frozen pension and other benefits), has been cut 42% for doing the same job I was doing 2 years ago. After the anticipated March pay cut it will be 47%. These Delta executives have NOT participated at the same or greater level in base pay and benefit reductions. I am sure there are many more line employees who have had the percentage of their pay cut more than these executives.
It never ceases to amaze me, the lack of morals in the typical airline management team.
