humveedriver
M1165A1
- Joined
- Oct 17, 2004
- Posts
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http://centreforaviation.com/analys...-to-meet-previously-missed-roic-targets-94624
Here is the part about labor;
Presently, salaries, wage and benefits comprise about 29% of Southwest’s cost structure. By May-2013 the airline will be in labour negotiations with the five largest unions whose members represent 99% of the carrier’s workforce.
“The facts in front of us are that we’ve got some labor cost challenges that we need to figure out how to overcome,” carrier chief operating officer Michael Van de Ven told investors. He explained that negotiating teams from both the airline and unions are aware of the challenge. But even as union negotiators understand the importance of keeping labour rates competitive, there is no guarantee the wider membership will agree to lower wage rates without some give back by management. The negotiations will continue for quite some time, which means Southwest will still have to battle rising labour costs until new agreements are reached with pilots, flight attendants, ramp workers, mechanics and customer service agents.
Here is the part about labor;
Presently, salaries, wage and benefits comprise about 29% of Southwest’s cost structure. By May-2013 the airline will be in labour negotiations with the five largest unions whose members represent 99% of the carrier’s workforce.
“The facts in front of us are that we’ve got some labor cost challenges that we need to figure out how to overcome,” carrier chief operating officer Michael Van de Ven told investors. He explained that negotiating teams from both the airline and unions are aware of the challenge. But even as union negotiators understand the importance of keeping labour rates competitive, there is no guarantee the wider membership will agree to lower wage rates without some give back by management. The negotiations will continue for quite some time, which means Southwest will still have to battle rising labour costs until new agreements are reached with pilots, flight attendants, ramp workers, mechanics and customer service agents.
