Delta PERP out

[nwaredtail]

Friend in class said mgmt guys saying we are overstaffed by 1000, 200 nwa side, 800 dal. Let's hope for alot of perps.

 

[PeanuckleCRJ]

Believe it or not, nwa... that's about the normal winter overstaffing.

 

[motch]

Can someone post the actual offer?

I know it has something to do with 9 months of pay at 75 hours, but I also thought there was more to it.

I have also heard that there have been @150 from the NWA side but less than 10 on the DL side.. anyone confirm this>

Thanks
always
motch

 

[PHXFLYR]

Me? Nope. I can't give up my INTL trips (and the three extra wives I have in Rio, Buenos Aires, and Gstadd)

Bye Bye--General Lee

Three wives ??!!?? How much you payin' me to not tell the one you have back home in Lubbock ..??

PHXFLYR

 

[Fly4hire]

Me? Nope. I can't give up my INTL trips (and the three extra wives I have in Rio, Buenos Aires, and Gstadd)

Bye Bye--General Lee

Damn, I thought one was too much......

 

[ACL65PILOT]

There are almost 200 guys that have taken it.

Numbers will be out tomorrow. The offer closes at 1159 tonight. It is equal to about 140K for the senior guys.

 

[FBN0223]

There are almost 200 guys that have taken it.

Numbers will be out tomorrow. The offer closes at 1159 tonight. It is equal to about 140K for the senior guys.

I think my original guess was around 200.

 

[ACL65PILOT]

That was mine too, and would have fallen out of my chair if 300 pulled the trigger.

 

[michael707767]

That was mine too, and would have fallen out of my chair if 300 pulled the trigger.

I'm shocked, I thought it would be less thank 50.

 

[contrail67]

I just wish other airlines would put something together....

 

[FBN0223]

Just flew with another soon-to-be retired B757 Captain SPN-NRT. God bless him. Quite a few Delta-S guys over in NRT these days. Good bunch of guys.

 

[SpauldingSmails]

Free beers for PERPS! Especially from a Compass guy!

 

[NuGuy]

That was mine too, and would have fallen out of my chair if 300 pulled the trigger.

The irony of the situation is that it's all the really cool guys...the ones you don't mind seeing stick around, taking the deal and splitting.

All the d-bags that no one can stand flying with are the ones that are sticking around for another 3 years.

Correlation? You decide....

Nu

 

[Speedtape]

ACL,

I see your point. However, I would be worried that the company would come back and say, "We tried to mitigate furloughs, but we didn't get the participation we needed in the form of the PRIP plan, so WARN letters will be going out next month."

Hopefully they would go to Round 2 if they didn't get the numbers they wanted. I think that the whole Compass backflow dilema is extremely cost negative for Delta and there would be more incentive for the company to get the highly senior out first.

Here's a question and maybe we will have to cross this bridge when the final numbers come out. At what point does the union have to start giving things up in the form of quid pro quo to mitigate furloughs? (LM stated in his Chairman's letter than no quid pro quo exists with the LOA in its current form) Does this happen when/if we don't get the numbers we need on the first round, or do we wait and see how badly the company needs to retire guys from the top?

This is right out of the playbook. It makes MGMT look good to the troops, by at least attempting to promote a PERP to mitigate furloughs. There will be no round 2 or sweetening of the pot. It follows the same pattern as when Grinstein went before the Congressional hearing trying to "save the pensions." It's all a drill, with a known outcome, however, the effort will help keep the Pilot group onboard. Furloughs are the next initiative.

There has been a honey moon dance going on throughout the merger process to appease employees, politicians, and the investment community through the transition. Once a single certificate is achieved, the clock will strike mid-night and the dance will be over. Survival mode is now the reality.

Part of the objective of the merger of these two companies was the ability to combine, to pare down, and to create a new entity that maximizes the efficiencies of the two companies, particularly in a down economy. The Merger and the ability to benefit from an extreme make-over gives the new Company a unique advantage in this economic environment. It should place the Company in a superior position for survival in the industry. In addition, when a turn around in the economy happens, at least another couple of years, the new Company will be well positioned to capitalize. Unfortunately, parking airplanes and crews are part of the interim process.

 

[lakemead1]

Wow! that was well written, but do you have anything to back all that up with?