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NWA Issues $32.6M In Profit-Sharing To Employees  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3109 posts, RR: 10
Posted (7 years 7 months 1 hour ago) and read 2478 times:

Courtesy: Minnepolis Star-Tribune

Northwest Issues $32.6 Million In Profit-Sharing To Employees

http://www.startribune.com/535/story/1036968.html

9 replies: All unread, jump to last
 
User currently offlineGoldenshield From United States of America, joined Jan 2001, 6049 posts, RR: 14
Reply 1, posted (7 years 6 months 4 weeks 1 day 23 hours ago) and read 2389 times:

That's a good payout, but at the same time, it comes at the cost of a reduced labor force and contracting many jobs, which means less employees overall to spread the money around to.


Two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun.
User currently offlineVC10DC10 From United States of America, joined Apr 2006, 1036 posts, RR: 3
Reply 2, posted (7 years 6 months 4 weeks 1 day 21 hours ago) and read 2334 times:

An average payout of $1,042 per employee isn't bad at all. I'm glad to hear that Northwest's financial performance is improving.

User currently offlineNwafflyer From United States of America, joined Jul 2004, 1050 posts, RR: 2
Reply 3, posted (7 years 6 months 4 weeks 1 day 21 hours ago) and read 2322 times:

And I sure hope the old FNT crew gets their share

User currently offlineGigneil From United States of America, joined Nov 2002, 16347 posts, RR: 85
Reply 4, posted (7 years 6 months 4 weeks 1 day 21 hours ago) and read 2315 times:

Quoting Goldenshield (Reply 1):
That's a good payout, but at the same time, it comes at the cost of a reduced labor force and contracting many jobs, which means less employees overall to spread the money around to.

But that's what it costs.... a company has to right size to its business.

Quoting Nwafflyer (Reply 3):
And I sure hope the old FNT crew gets their share

The "old" crew, as in the ones that don't still work there? They don't still work there.

NS


User currently offlineGoldenshield From United States of America, joined Jan 2001, 6049 posts, RR: 14
Reply 5, posted (7 years 6 months 4 weeks 1 day 21 hours ago) and read 2304 times:

Quoting Gigneil (Reply 4):
But that's what it costs.... a company has to right size to its business.

My point is this: the contractors don't get the bonus, which means that the same money is split between fewer employees. This is a slap in the face for those who were layed off or replaced entirely.



Two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun.
User currently offlineEjmmsu From United States of America, joined Oct 2004, 1692 posts, RR: 0
Reply 6, posted (7 years 6 months 4 weeks 1 day 21 hours ago) and read 2296 times:

Quoting Goldenshield (Reply 5):
My point is this: the contractors don't get the bonus, which means that the same money is split between fewer employees. This is a slap in the face for those who were layed off or replaced entirely.

Would it be better if they didn't give out any money then?



"If the facts do not conform to the theory, they will have to be disposed of"
User currently offline1rocco From United States of America, joined Dec 2003, 119 posts, RR: 0
Reply 7, posted (7 years 6 months 4 weeks 1 day 18 hours ago) and read 2227 times:

Well my check was 51.00 of course I was on furlough till Oct of last year. The only people I know that got more than 600.00 is the pilot and maybe some folks in building A. Building A's bonuses will be MUCH larger than ANYONE on the frontline. Personally I think my 51.00 is a slap in the face just like many of my coworkers. Of course now I will be able to eat out on 2 of my layovers.

User currently offlineGoaliemn From United States of America, joined Sep 2005, 463 posts, RR: 3
Reply 8, posted (7 years 6 months 4 weeks 1 day 4 hours ago) and read 2095 times:

Quoting 1rocco (Reply 7):
Building A's bonuses will be MUCH larger than ANYONE on the frontline.

The directors and some higher managers were exempted from this bonus payout, so I dont' think they got anything, or only the lower level managers did.


User currently offlineBobnwa From United States of America, joined Dec 2000, 6483 posts, RR: 9
Reply 9, posted (7 years 6 months 4 weeks 1 day ago) and read 2021 times:

Quoting 1rocco (Reply 7):
Well my check was 51.00 of course I was on furlough till Oct of last year. The only people I know that got more than 600.00 is the pilot and maybe some folks in building A. Building A's bonuses will be MUCH larger than ANYONE on the frontline. Personally I think my 51.00 is a slap in the face just like many of my coworkers. Of course now I will be able to eat out on 2 of my layovers.

Rocco, I think you better do a little research before making statements. The building A bonuses will be in line with everyone elses as top management was not included. Are you saying the average payout was not $1042? Do you think you should have gotten a full bonus if you were only there from Oct? By the way, don't forget taxes when you do your figuring.


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