ual777contrail
Posts: 2914
Joined: Sun Feb 17, 2002 11:33 am

United Recovery Program

Fri Aug 30, 2002 6:42 am

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
 
UAL Bagsmasher
Posts: 1839
Joined: Wed Sep 08, 1999 12:52 pm

RE: United Recovery Program

Fri Aug 30, 2002 9:49 am

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.
 
ual777contrail
Posts: 2914
Joined: Sun Feb 17, 2002 11:33 am

RE: United Recovery Program

Fri Aug 30, 2002 9:56 am

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
 
UAL Bagsmasher
Posts: 1839
Joined: Wed Sep 08, 1999 12:52 pm

RE: United Recovery Program

Fri Aug 30, 2002 11:32 am

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.
 
artsyman
Posts: 4516
Joined: Wed Feb 28, 2001 12:35 pm

RE: United Recovery Program

Fri Aug 30, 2002 12:36 pm

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.

Jeremy