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Industry Consolidation Protection For B6  
User currently offlineJuan911411 From United States of America, joined Nov 2006, 19 posts, RR: 0
Posted (7 years 1 week 6 days 17 hours ago) and read 1415 times:

Jetblue will begin to offer a new protection for all crewmembers, For the vast majority of JetBlue Crewmembers, should a Change in Control occur, and if your position is not rolled into the new company, you can expect up to 26 weeks of pay (3 weeks of pay for every year you’ve been with JetBlue, with a minimum of 6 weeks).


JetBlue’s Board of Directors recently adopted company-wide policies that provide protection for Crewmembers in the event of a “change in control.” While there are specific legal definitions of a change in control, simply put, these plans are activated only if the company is acquired by another company, and if employment is terminated.

Is something in the works at forest Hills?

[Edited 2007-06-29 01:39:36]

[Edited 2007-06-29 01:41:32]

4 replies: All unread, jump to last
 
User currently offlineThirteenRight From United States of America, joined Jun 2007, 340 posts, RR: 0
Reply 1, posted (7 years 1 week 6 days 16 hours ago) and read 1401 times:

Quoting Juan911411 (Thread starter):
Jetblue will begin to offer a new protection for all crewmembers, For the vast majority of JetBlue Crewmembers, should a Change in Control occur, and if your position is not rolled into the new company, you can expect up to 26 weeks of pay (3 weeks of pay for every year you’ve been with JetBlue, with a minimum of 6 weeks).


More Info to come this just info just came out.

Its for all Crewmembers, from what I was lead to believe.

This will calm a lot of Flight Attendant's nerves as they are concerned about the many consolidation rumors that are floating around.


User currently offlineAsuflyer05 From United States of America, joined Feb 2004, 2371 posts, RR: 3
Reply 2, posted (7 years 1 week 6 days 15 hours ago) and read 1324 times:

FrontGreen anybody?

Could this be JetBlue's BofD keeping crewmembers happy and head off union organization?


User currently offlineThirteenRight From United States of America, joined Jun 2007, 340 posts, RR: 0
Reply 3, posted (7 years 1 week 6 days 14 hours ago) and read 1315 times:

Quoting Asuflyer05 (Reply 2):
Could this be JetBlue's BofD keeping crewmembers happy and head off union organization?

I would suspect that its either part of it or at the very least a HUGE bonus.


User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 4, posted (7 years 1 week 6 days 14 hours ago) and read 1294 times:

it's a type of poison pill

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