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United Recovery Program  
User currently offlineUal777contrail From , joined Dec 1969, posts, RR:
Posted (12 years 3 weeks 14 hours ago) and read 988 times:

has anybody out there seen the recovery demands that united wants the mechanics and csr's to take?

lets start this little discussion off by saying that the 9.5 % isnt all that bad.
for those who work for UAL as a csr know that we shouldnt have to give up the next 2 years worth of raises.

they have announced the mechanics and csr's recovery plan, cant wait to see what is in store for the pilots and F/A'S.

i feel after reading this non-sense that they made the plan so harsh that we will turn it down so we do file for chap. 11

what do you think, those who have seen it.
management better give up more than 5%

ual 777 contrail

4 replies: All unread, jump to last
User currently offlineUAL Bagsmasher From United States of America, joined Sep 1999, 2146 posts, RR: 10
Reply 1, posted (12 years 3 weeks 11 hours ago) and read 929 times:

I just had a look at the proposal for mechanics. I venture to guess that there isn't a snowball's chance in hell of that being approved by the membership. LOL. I can't wait to see what they have planned for Ramp.

User currently offlineUal777contrail From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 3 weeks 10 hours ago) and read 919 times:

i just read that the pilots just turned down the second proposal. they wanted well over 20%.

they are doing this on perpose, they want to go chap 11
my guess and my opinion.

ual 777 contrail

User currently offlineUAL Bagsmasher From United States of America, joined Sep 1999, 2146 posts, RR: 10
Reply 3, posted (12 years 3 weeks 9 hours ago) and read 876 times:

UA knows full well that no one will agree to these BS proposals. The only reason they are coming out with this stuff is to show the government that they "tried" to get concessions for the loan guarantee. If and when the loan gets rejected, UA will blame its labor as usual when it files for Ch. 11.

User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 4, posted (12 years 3 weeks 8 hours ago) and read 849 times:

Despite what you say about Management etc, most of the big-wigs have stock options out their ears that become worthless the second they file Chapter 11. Same for the pilots, etc, they own 55% of UAL and all of that investment goes down the pan the second they file. No-one wants UAL to file chapter 11, it is not a nice experience. I posted a few weeks ago about the operational advantages for airlines that file such as being able to renegotiate their payments whether it be on planes, staff..suppliers etc. There is concencus within the industry that if UAL file Bankruptcy, AMR, DL and CO will follow. Not because they are in the same boat, but because of the advantages that UAL will gain. AMR and CO will not be happy to continue to pay Boeing etc full or nearly full rate, when UAL gets to pay them 50 cents or less on the dollar.


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