Netjets layoff now??

ArtVandalay

Banned
Well-known member
Joined
Dec 20, 2005
Posts
384
Total Time
none
Just talked to a buddy at NJ and he says he's hearing you guys are going to layoff now. Is this ever going to end????
 

ArtVandalay

Banned
Well-known member
Joined
Dec 20, 2005
Posts
384
Total Time
none
He's management. Take it for what you want, I'm just relaying what he said. These times suck either way you look at it. Hopefully he's wrong.
 

can99

Well-known member
Joined
Aug 8, 2005
Posts
127
Total Time
5000+
I too hope its wrong, who wants that any more pilots out on the job market... lets hope its just a rumor!
 

jtf

Well-known member
Joined
Feb 26, 2002
Posts
732
Total Time
Enough
I wouldn't be surprised if the company layed off some non pilot positions, but I think it will take a lot more pain before they get to the pilots. The furlough language in the contract and the cost of retraining so many into required positions that would be furloughed (I believe the Sovereign has a ton of very junior FOs that would need to be replaced if a furlough occurs so the fleet can operate) just makes actually furloughing more expensive than eating salaries for quite a while. From what I've heard the union has offered some ideas to the company recently and the company has told them the suggestions are so far unnecessary. They have been making it more clear that leaves of absense are readily available with full medical coverage paid by the company while out. I'd guess they will offer some buyouts for the older guys also before they furlough any pilots and I also expect them to reduce the 18 day schedule quite a bit also before they furlough. I guess only time will tell for sure.
 

captain dad

Well-known member
Joined
Mar 30, 2006
Posts
8,584
Total Time
Free
No furloughs, just more rumors and flame bait. Sorry.
 

glasspilot

Well-known member
Joined
May 17, 2004
Posts
1,622
Total Time
9K'ish
Careful you don't make B19s argument for him.

Full medical for furloughed pilots? I understand the company saying, "thanks but no thanks".
 

gunfyter

Well-known member
Joined
Mar 25, 2002
Posts
3,781
Total Time
11000+
I wouldn't be surprised if the company layed off some non pilot positions, but I think it will take a lot more pain before they get to the pilots. The furlough language in the contract and the cost of retraining so many into required positions that would be furloughed (I believe the Sovereign has a ton of very junior FOs that would need to be replaced if a furlough occurs so the fleet can operate) just makes actually furloughing more expensive than eating salaries for quite a while. From what I've heard the union has offered some ideas to the company recently and the company has told them the suggestions are so far unnecessary. They have been making it more clear that leaves of absense are readily available with full medical coverage paid by the company while out. I'd guess they will offer some buyouts for the older guys also before they furlough any pilots and I also expect them to reduce the 18 day schedule quite a bit also before they furlough. I guess only time will tell for sure.
I think we will know by tonight.

They certainly could lay off if they wanted to ... but so far they have said they do not want to....

Glass ... the full medical would be for guys over 60 who took buyout. There are people who would otherwise retire but staying to keep medical benefits.

===================

Well I think we know now. It sounds like you are right.... They want to reduce workdays somehow ... Reduction of 18 day schedule? Something else .... Not specified. But it sounds like no furloughs
 
Last edited:

Pervis

Well-known member
Joined
Oct 12, 2005
Posts
1,609
Total Time
12000+
Sorry doomsayers, and thanks for those voicing true concern, but we are not going to furlough anyone at this time. The boss actually looks at us all as family, and just today verified that.
 

gunfyter

Well-known member
Joined
Mar 25, 2002
Posts
3,781
Total Time
11000+
Sorry doomsayers, and thanks for those voicing true concern, but we are not going to furlough anyone at this time. The boss actually looks at us all as family, and just today verified that.
Not only that ... it sounds like the Union and Company cooperated somehow to prevent any furlough. Details we don't know yet. I guess 19 is wrong again!
 

RNObased

Well-known member
Joined
Oct 11, 2005
Posts
848
Total Time
10,000
No furloughs, just more rumors and flame bait. Sorry.
Sticking your head in the sand and saying that furloughs can't happen is shortsighted and naive.

Look at one fact, flying has recovered a little bit, but not anywhere near '07 levels and guess what we are staffed to fly, yeah '07 levels.

I hope no staff reductions take place, but I'm a realist also.
 

BuckMurdock1

Well-known member
Joined
May 2, 2003
Posts
476
Total Time
7000+
In the bottom 15#s at NJA.. just to prepare w/ the wife (& thankfully she has a good job);
does anyone know how long unemployment benefits last normally? Anyone know the normal % of your salary? Never had experience w/ unemployment (guess that is a good thing).
Preparing for worst, hoping for the best.
 

Crobar

Well-known member
Joined
Apr 22, 2004
Posts
156
Total Time
8000
In the bottom 15#s at NJA.. just to prepare w/ the wife (& thankfully she has a good job);
does anyone know how long unemployment benefits last normally? Anyone know the normal % of your salary? Never had experience w/ unemployment (guess that is a good thing).
Preparing for worst, hoping for the best.
That depends on the state you live in. I don't think it is a percentage of salary, 5 years ago I was getting the max that the state I lived in payed, something like $350. a week.
 

xpdriver

Well-known member
Joined
Feb 17, 2004
Posts
267
Total Time
7500
He's management. Take it for what you want, I'm just relaying what he said. These times suck either way you look at it. Hopefully he's wrong.

He is wrong..From the horses mouth..Not laying off unless we are in a Depression...lots of things in the hopper..Keep your rumor BS to yourself....

Middle MGMT... what a bunch of clowns
 
Top