LUVRSW From United States of America, joined Aug 2005, 498 posts, RR: 1 Posted (7 years 5 months 1 week 3 days 3 hours ago) and read 1876 times:
Under a plan to reduce retiree benefit costs, Northwest retirees under age 65 would pay half their monthly premium, up from 20 percent, and retirees over age 65 wouldn't be eligible for coverage. One thousand retirees over age 65 currently covered would be cut, according to a filing in bankruptcy court Friday. The changes would save $80 million, it said. Eagan-based Northwest, which filed for bankruptcy protection Sept. 14, also would "modify" some deductibles, co-pays and other parts of the retiree medical benefit plan, the filing said.
LUVRSW From United States of America, joined Aug 2005, 498 posts, RR: 1 Reply 2, posted (7 years 5 months 1 week 3 days 3 hours ago) and read 1858 times:
With the thousands of snowbirds that fly south from the Midwest every winter, they should all boycott NW...they know how important insurance benefits are.
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 3, posted (7 years 5 months 1 week 3 days 3 hours ago) and read 1848 times:
Mark my words this is just the beginning of retirement cuts for the employees and x-employees. Won't see any cuts on mahogany row.
FriendlySkies From United States of America, joined Aug 2004, 4007 posts, RR: 6 Reply 4, posted (7 years 5 months 1 week 3 days 2 hours ago) and read 1837 times:
Wow...this makes UA's cuts look like a godsend...I mean, eliminating over-65 medical coverage, that's just heartless...
Supa7E7 From , joined Dec 1969, posts, RR: Reply 5, posted (7 years 5 months 1 week 3 days 2 hours ago) and read 1815 times:
Quoting FriendlySkies (Reply 4): Wow...this makes UA's cuts look like a godsend...I mean, eliminating over-65 medical coverage, that's just heartless...
Yeah, but a bankrupt company has to serve its creditors.
I'm going to launch my tagline - "do the math, people!"
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 6, posted (7 years 5 months 1 week 3 days 2 hours ago) and read 1800 times:
Does anyone think that NWA is asking to cut retired or x-upper management's medical benefits. Another NWA promise broken. Mark my words again they will want to dump ALL retirement plans (except current and former upper management) on the PBGC (US taxpayers) just like UAL and USair. I knew they were SOBs but eliminating over 65 medical, that has to be an all time low.
LUVRSW From United States of America, joined Aug 2005, 498 posts, RR: 1 Reply 7, posted (7 years 5 months 1 week 3 days 2 hours ago) and read 1789 times:
The unions should take this opportunity to turn this into a PR nightmare for NW.
Indy From United States of America, joined Jan 2005, 4368 posts, RR: 9 Reply 8, posted (7 years 5 months 1 week 3 days 2 hours ago) and read 1760 times:
Can anyone quote relatively accurately what Steenland will leave the company with? What kind of guaranteed money?
Kahala777 From , joined Dec 1969, posts, RR: Reply 9, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1751 times:
It would be nice if someone re-wrote the current bankruptcy laws in the United States. This kind of action against employees is totally out of control. If an airline is so broke it cannot cover its employees medical, it, the airline, needs to be dissolved. Plain and simple, it is time for laws to be re-written.
Goaliemn From United States of America, joined Sep 2005, 463 posts, RR: 3 Reply 10, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1735 times:
Quoting Dokken10 (Reply 3): Mark my words this is just the beginning of retirement cuts for the employees and x-employees. Won't see any cuts on mahogany row.
Pensions were frozen and changed to 401K for all management employees. Thats a big cut in future expenses.
Quoting Kahala777 (Reply 9): If an airline is so broke it cannot cover its employees medical, it, the airline, needs to be dissolved.
Putting thousands out of a job. Medical insurance isn't required to be provided by employers, so they are cutting costs. I don't think its right to do it to people who retired with the promise it would be provided, but impacting future retirees gives them alittle notice at least.
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 11, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1732 times:
Quoting Kahala777 (Reply 9): It would be nice if someone re-wrote the current bankruptcy laws in the United States
New BK laws did go into affect in Oct.2005. Why do you think NWA and DAL filed about 1 month before the change. Corp. BK was changed with limiting the time they could stay in BK, 1.5 years I think. Something to do with "retention bonuses", executives would have to prove they have another job and some small changes but not near enough. Personal BK was changed big time but not in the individuals favor, go figure.
Zootrix From United States of America, joined Nov 2005, 84 posts, RR: 0 Reply 12, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1728 times:
SOBs absolutely! The "ruling executive elite" consisting of board members, CEOs, VPs, etc. are in cahoots with scumbag lobbyists and politicians, who in turn get contributions to write and modify laws that actually favour the corporation; more so the individual financial interests of its "ruling executive elite" but not the employee. This is all done in the name of "free market economy job creation", blah, blah, etc. Also, secret laws are on the books that make CEO retirement packages totally bankruptcy proof. Recall the case of Don Carty who was restructuring AA in the recent past and was forced to resign when word got out that he awarded himself a hefty bonus whilst slashing employee salaries.
Default on you credit card bill and you get slapped with outrageous fees and its perfectly legal (guess why??). And then we have Ken Lay, NWA and others who just merrily loot and default on the company's pension obligations. You mean there are no laws against such blatant daylight thuggery! Makes one wonder why, doesn't it?
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 13, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1711 times:
Quoting Goaliemn (Reply 10): Pensions were frozen and changed to 401K for all management employees. Thats a big cut in future expenses.
I'm talking about CEO,CFO etc. their retirements are in BK proof trust funds. Carty at AA tired to put his and others in to these trust funds when the employees were voting on pay cuts. There are articles about a lady who worked for Delta or consulted them who put upper managements retirements into these types of funds. She is fight Delta in BK because they want to take away her positive seating free lifetime free flight privileges. UAL's CEO Tilton has his in a BK proof fund also.
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 14, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1702 times:
Quoting Goaliemn (Reply 10): Putting thousands out of a job. Medical insurance isn't required to be provided by employers, so they are cutting costs. I don't think its right to do it to people who retired with the promise it would be provided, but impacting future retirees gives them alittle notice at least.
It was written in union contracts that employees retire with so many years of service would get medical coverage for free or a set amount. I don't know all contracts.
Legacytravel From United States of America, joined Aug 2005, 1067 posts, RR: 2 Reply 15, posted (7 years 5 months 1 week 3 days 1 hour ago) and read 1688 times:
Quoting Goaliemn (Reply 10): Medical insurance isn't required to be provided by employers
Yes you are correct. However if you have a job that pays $7.00 and hour and no medical benefits what kind of employees are you left with?? Not a high quality employee.The employee's probably say "CHOB" instead of Job. Wetback english. And I do not mean to be racist when I say that but that is the quality of employee that NWA will attract.
I laughed at AMFA when they went out on strike and good riddence to them but what NWA is doing let just fold up the tents and go home. The fat lady is warming her voice back stage. GOODBYE NWA I will not sell a ticket for a client on your airline again, nor a MLT vacation package. You dont mess with the retirees medical. NWA go to hell. Just my .02
Mark in MKE
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 16, posted (7 years 5 months 1 week 3 days ago) and read 1672 times:
So you laugh at people that stand up and say enough is enough you laugh? Do you think AMFA members did not see this coming or seen similar things already happening? Do you also think that the quality of people working as tech's at NWA is high? As things go on you will see more of the nature of this beast NWA rear its ugly head.
Quoting Legacytravel (Reply 15): I laughed at AMFA when they went out on strike and good riddence to them
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 17, posted (7 years 5 months 1 week 3 days ago) and read 1665 times:
Quoting Legacytravel (Reply 15): Yes you are correct. However if you have a job that pays $7.00 and hour and no medical benefits what kind of employees are you left with?? Not a high quality employee.The employee's probably say "CHOB" instead of Job. Wetback english. And I do not mean to be racist when I say that but that is the quality of employee that NWA will attract.
I laughed at AMFA when they went out on strike and good riddence to them but what NWA is doing let just fold up the tents and go home. The fat lady is warming her voice back stage. GOODBYE NWA I will not sell a ticket for a client on your airline again, nor a MLT vacation package. You dont mess with the retirees medical. NWA go to hell. Just my .02
Mark in MKE
Sorry Legacytravel that for the most part was a GREAT post. I did sound like I was jumping all over your post for that I do apologize. My bad.
Dougloid From , joined Dec 1969, posts, RR: Reply 18, posted (7 years 5 months 1 week 3 days ago) and read 1662 times:
Quoting Dokken10 (Reply 16): So you laugh at people that stand up and say enough is enough you laugh? Do you think AMFA members did not see this coming or seen similar things already happening? Do you also think that the quality of people working as tech's at NWA is high? As things go on youill see more of the nature of this beast NWA rear its ugly head.
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 20, posted (7 years 5 months 1 week 3 days ago) and read 1639 times:
Quoting Zootrix (Reply 12): SOBs absolutely! The "ruling executive elite" consisting of board members, CEOs, VPs, etc. are in cahoots with scumbag lobbyists and politicians, who in turn get contributions to write and modify laws that actually favour the corporation; more so the individual financial interests of its "ruling executive elite" but not the employee. This is all done in the name of "free market economy job creation", blah, blah, etc. Also, secret laws are on the books that make CEO retirement packages totally bankruptcy proof. Recall the case of Don Carty who was restructuring AA in the recent past and was forced to resign when word got out that he awarded himself a hefty bonus whilst slashing employee salaries.
Default on you credit card bill and you get slapped with outrageous fees and its perfectly legal (guess why??). And then we have Ken Lay, NWA and others who just merrily loot and default on the company's pension obligations. You mean there are no laws against such blatant daylight thuggery! Makes one wonder why, doesn't it?
Ciao.
AWESOME post!!!! I'm just wondering when the American people are going to wake up and smell the coffee.
Alias1024 From United States of America, joined Oct 2004, 2644 posts, RR: 2 Reply 22, posted (7 years 5 months 1 week 2 days 23 hours ago) and read 1613 times:
Quoting Dokken10 (Reply 21): Do any of you know NWA has a poet on the board of directors? What does a poet know about running an airline? Can anyone justify that?
While the Pulitzer prize in history is impressive, I can't figure out what it has to do with the airlines either. I've got another head scratcher for you, this time from the CO board of directors.
Kirbyjon H. Caldwell
Senior Pastor Windsor Village United Methodist Church, Houston, Texas
It is a mistake to think you can solve any major problems with just potatoes.
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 23, posted (7 years 5 months 1 week 2 days 23 hours ago) and read 1606 times:
Quoting Supa7E7 (Reply 5): Yeah, but a bankrupt company has to serve its creditors.
Serve its creditors but not their retired employees? Who made them a lot of money in the past. Who had no say in a business plan or how much debt they got themselves into with these creditors. Credit is a risk business isn't it? To say the creditors come first before employees is just plain wrong. With the interest and the assets the creditors have in NWA they will be just fine probably won't even effect them. Destroying a retired employee's life is just plain wrong for a creditor. PERIOD!!!!
Dokken10 From United States of America, joined Mar 2005, 290 posts, RR: 0 Reply 24, posted (7 years 5 months 1 week 2 days 23 hours ago) and read 1600 times:
Quoting Supa7E7 (Reply 5): Yeah, but a bankrupt company has to serve its creditors.
I'm going to launch my tagline - "do the math, people!"
Happy holidays.
I just did the math: the rich are getting richer and the middle class and lower class are getting poorer, people. MERRY CHRISTMAS.
25 Redneckslim: Worldperks division should all be cut, fired, sent out to the street and made to beg with a tin cup... Useless screw ups with a simple job. Over 65 ge
26 StuckInCA: Wow. Cutting pay and benefits for existing employees is one thing. Cutting benefits for retired workers is another... it's a whole new league of wrong
27 Legacytravel: Dokken no need to apologize. I do accept it though. Just think about this. Maybe they can outsource ticketing and check in to India as well. They can
28 StevenUhl777: Are you possibly referring to former CFO M. Michelle Burns here?
29 CTHEWORLD: Common misconception...the PBGC is NOT the US taxpayers, it is funded by premiums that are charged to companies that have pensions.
30 Dokken10: You MIGHT be correct a few years ago before UAL and USair dump the pensions on the PBGC. Which now the PBGC is way underfunded and probably going to
31 Centrair: I feel this is not just disgusting, wrong and heartless. People work and are told to retire by law at 65. They dedicate themselves to a company and th
32 Tod: Neither of my US Senator or my Congressman will even discuss the issue. Senator Maria Cantwell provided a form letter thanking me for attempting to c
33 Bobnwa: Who are these 1000 retirees who would be cut. Northwest has many thousands of retirees over the age of 65. What is different about these 1000?
34 CTHEWORLD: Common misconception...the PBGC is NOT the US taxpayers, it is funded by premiums that are charged to companies that have pensions. The mis-managemen
35 LUVRSW: It's from the article jackass. Why do you defend your corrupt company to the bitter end...on every thread?
36 Indy: I don't see him defending NW in his reply. He simply asked what was different about the 1000 retirees.
37 Dokken10: Correct me if I'm wrong, the PBGC was set up basically for companies that went belly up or Chapter 7 (liquidation) NOT for companies with financial p
38 Dokken10: Please tell us anything that NWA's management team has done or is doing wrong! I see you jam the employees or their union but not once have you said
39 Dokken10: Does it really matter who they are? NWA still wants to screw them whoever they are!!!
40 Indy: These could be senior managers that walked away from the company at one point with huge lump sum payouts. It could have been discovered that these 10
41 Legacytravel: Will they kiss you before or after they are done??? And this is premeditated and well thought out. I pray for all of the workers there. Mark in MKE
42 Bobnwa: I am not in the PR department of NW not do I support everything that Northwest does. I have posted a number of times about the many injustices of the
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