KarlB737
Topic Author
Posts: 2636
Joined: Sat Mar 20, 2004 9:51 pm

NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 6:12 am

Courtesy: Minnepolis Star-Tribune

Northwest Issues $32.6 Million In Profit-Sharing To Employees

http://www.startribune.com/535/story/1036968.html
 
Goldenshield
Posts: 5015
Joined: Sun Jan 14, 2001 3:45 pm

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 8:13 am

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.
 
VC10DC10
Posts: 605
Joined: Sun Apr 30, 2006 9:56 am

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 9:28 am

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.
 
nwafflyer
Posts: 888
Joined: Wed Jul 28, 2004 9:29 am

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 9:36 am

And I sure hope the old FNT crew gets their share
 
gigneil
Posts: 14133
Joined: Fri Nov 08, 2002 10:25 am

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 9:39 am

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
 
Goldenshield
Posts: 5015
Joined: Sun Jan 14, 2001 3:45 pm

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 9:47 am

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.
 
ejmmsu
Posts: 1647
Joined: Sat Oct 23, 2004 6:05 am

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 9:49 am

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"
 
1rocco
Posts: 116
Joined: Thu Jan 01, 2004 2:46 am

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Thu Mar 08, 2007 12:53 pm

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.
 
goaliemn
Posts: 320
Joined: Fri Sep 02, 2005 9:46 pm

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Fri Mar 09, 2007 2:34 am

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.
 
bobnwa
Posts: 4485
Joined: Fri Dec 22, 2000 12:10 am

RE: NWA Issues $32.6M In Profit-Sharing To Employees

Fri Mar 09, 2007 6:43 am

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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