US Air creditors want labor contracts tossed

[satpak77]

looking out for number 1 (can't say I completely disagree with "I want my money" point of view....)

http://news.airwise.com/stories/2004/12/1101892814.html


let me get this straight. US Air needs to save more than $650 mil in order for it to come back to some sort of financial health. The FA's want to strike (thats fine, we can want whatever we want, I want a new Corvette). However the LOGIC of this is beyond me.

Lets strike, potentially strand thousands of customers and potential customers, and cost our airline MORE money. Now it needs to save XXX more. Meanwhile, not only it needs to save XXX more, but it needs to "find it" on a now further reduced customer base

etc etc

incredible

 

[efiscompmon]

I think the goal is to shut it down and stop the industry wide erosion of pay and conditions.

 

[Axel]

Top of the page is another perspective. All the info is interesting.

http://www.aviationplanning.com/asrc1.htm

The sarcasm in re: TSA in other articles is delicious.

 

[satpak77]

yeah but...

I think the goal is to shut it down and stop the industry wide erosion of pay and conditions

thats akin to the pest problem in my tomato garden, a source a food for my family

to fix the pests, I am gonna replace it with a concrete patio

 

[DoinTime]

thats akin to the pest problem in my tomato garden, a source a food for my family

to fix the pests, I am gonna replace it with a concrete patio

If the pest problem is bad enough and there is a risk of it spreading to everyones house on the block, paving it over is exactly what you should do. There is other food available.

Whats it like to be so short sighted?

 

[RVSM]

My concern is the idea of trashing the pensions. A person works for a company for XX years on the promise of X retirement. Now, management drops the ball and the employee gets squat!

The Pension Guarantee Corp is going to end up paying out to the retirees. That means you and I are footing the bill just like the S&L bailout. The people that mismanaged the money will walk away and the taxpayers will cover their incompetence.

 

[efiscompmon]

I wasn't qualifying the acton, just stating facts

 

[atrdriver]

I think the point is that US Air management has blown 2 or 3 givebacks already, and that the employees don't have a lot of confidence that another one will be handled any better. I talk to their gate agents and rampers every day at work, and their attitude is why should I give them more when they screwed up what I already gave them.