This just arrived via company email, from the COO:
Last week we were approached by Aviation International News and were asked to comment on NetJet's amended pilot's labor agreement. We responded with the following statement, " CitationShares does not make business decisions based upon what others in the industry are doing. We believe we have established a premium compensation package for all of our employees which includes competitive wages, excellent benefits as well as work rules which we believe are the most attractive in the industry. Our primary focus is providing the best culture and platform for delivering excellent customer service which is the most important goal of CitationShares."
The amended contract is complicated with over 250 pages of documentation and relies heavily on work rule concessions to increase salaries. New approaches to crew scheduling were introduced in this agreement including various tour lengths, fixed vs. variable schedules and multiple bid periods. This new approach requires further study by CitationShares to measure its' potential impact on overall operating efficiencies.
CitationShares remains committed to providing all employees a competitive compensation package including salary and benefits in conjunction with an appropriate work environment. We have a reliable process in place that reviews the compensation programs of comparable companies along with current market conditions to ensure that we remain competitive. At this time, there are no planned changes to our wage scales or work rules.
Last week we were approached by Aviation International News and were asked to comment on NetJet's amended pilot's labor agreement. We responded with the following statement, " CitationShares does not make business decisions based upon what others in the industry are doing. We believe we have established a premium compensation package for all of our employees which includes competitive wages, excellent benefits as well as work rules which we believe are the most attractive in the industry. Our primary focus is providing the best culture and platform for delivering excellent customer service which is the most important goal of CitationShares."
The amended contract is complicated with over 250 pages of documentation and relies heavily on work rule concessions to increase salaries. New approaches to crew scheduling were introduced in this agreement including various tour lengths, fixed vs. variable schedules and multiple bid periods. This new approach requires further study by CitationShares to measure its' potential impact on overall operating efficiencies.
CitationShares remains committed to providing all employees a competitive compensation package including salary and benefits in conjunction with an appropriate work environment. We have a reliable process in place that reviews the compensation programs of comparable companies along with current market conditions to ensure that we remain competitive. At this time, there are no planned changes to our wage scales or work rules.