SilverSurfer
Well-known member
- Joined
- Sep 13, 2007
- Posts
- 305
Equal opportunity
Good post, well thought out.
I hope that if and when the time for a down turn in the economy comes and the company comes to the union looking for concessions, that we will only come to an agreement when management agrees to give up the same percentages that is asked from the employees. Seeing management prosper while asking rank and file to endure huge pay cuts is criminal. I don't know who to place blame on when this has happened in the industry, management or the Union leadership that agreed to it.
NJW
Please let me know where I said they could not be profitable. I believe what I said was that when the increased costs were passed along as increased aircraft management costs, it might have a negative impact. Netjets relies on a number of areas to be profitable, not the least of which is aircraft sales. They are impacted not only be sales but by the residual value predictions, management fees, all of which translate to hourly costs. Netjets has been prospering and there are a number of things that contribute to that, reducing the drain of Netjets Europe as example.
My point is Flight Options is not in the same situation, however, in both of them one needs to have a business plan that works, operate in an economic environment that enables them to succeed, and execute the plan. Obviously employees come into that execution and all companies want happy employees.. What I repeatedly have said, if you do not get the first part, there will be no second part. One last point, we will not find out how these contracts really effect the companies unless there is a downturn in the business. Then we will see.
Good post, well thought out.
I hope that if and when the time for a down turn in the economy comes and the company comes to the union looking for concessions, that we will only come to an agreement when management agrees to give up the same percentages that is asked from the employees. Seeing management prosper while asking rank and file to endure huge pay cuts is criminal. I don't know who to place blame on when this has happened in the industry, management or the Union leadership that agreed to it.