Sweptback, you are the reason unions have a black eye. I love our PBS. I love our vacation low. However, the company cannot survive in this environment long term with this vacation set up. I am taking full advantage of it, and I am working less than part time. 8 months of the year, I am averaging about 7 to 8 days of work a month. Next month for example, I am using 3 days of vacation and only working 7 days for the month.
I would love to stay home every day and just collect a check every two weeks....However this a capitalist society and a very competitive industry...This can't last....
Joe, I obviously like vacation low as well. But I think it's premature to say it can't or won't last. ExpressJet has a similar vacation setup, for one, and even with add pay on top of that. The company will want PBS in a JCBA, and the pilots will want to maintain their vacation benefits. I'm not sure how reduced vacation benefits will pass muster with the pilot group.
I have no idea how much vacation low costs (although it wouldn't be hard to run a quick calculation), nor how much the company is saving by us bidding with PBS. But, I do know that the company ran all the numbers before they agreed to it and decided to go with PBS+vacation low. Maybe they got the numbers wrong, or maybe they didn't fully understand what they were signing. However, the management team that was responsible for the deal is still working here, so things must not be that bad.
This is classic negotiation strategy by companies. They want to make you think what you have will bankrupt the company in the future, and bonus points if the company is actively losing money. First they tried it with our medical insurance (trying to replace our PPO with the HSA) and now they're trying it with our vacation benefits. I trust the union to know the true state of the company's financial health (after all, they have seen the books, as well as the CPAs we have agreed to), and trust that they will not ask for anything that will actually bankrupt the company. Most of the MEC is lifers these days, so they have a vested interest in the continuing success of the company.
That being said, this is version 1 of PBS bidding. I'm sure tweaks will be made in the future, such as maybe only being eligible for vacation low if you have a full week of vacation, not three days as you described above (also, for you to only work 7 days, assuming you don't have any preassigned credits, you are working an average of 7.57 hours per day, more if you didn't get exactly 65 hours. Those are some productive pairings you were able to get.)
I do find it funny, however, that some of the most vehement critics of vacation low (It's unfair! It'll bankrupt the company!) are some of the best at utilizing it.