Juan911411
Topic Author
Posts: 16
Joined: Mon Nov 13, 2006 1:27 pm

Industry Consolidation Protection For B6

Fri Jun 29, 2007 8:36 am

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]
 
thirteenright
Posts: 175
Joined: Sat Jun 09, 2007 11:28 am

RE: Industry Consolidation Protection For B6

Fri Jun 29, 2007 8:41 am

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.
 
asuflyer05
Posts: 2054
Joined: Wed Feb 25, 2004 8:53 am

RE: Industry Consolidation Protection For B6

Fri Jun 29, 2007 10:35 am

FrontGreen anybody?

Could this be JetBlue's BofD keeping crewmembers happy and head off union organization?
 
thirteenright
Posts: 175
Joined: Sat Jun 09, 2007 11:28 am

RE: Industry Consolidation Protection For B6

Fri Jun 29, 2007 10:41 am

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.
 
worldtraveler
Posts: 3417
Joined: Tue Aug 05, 2003 6:18 am

RE: Industry Consolidation Protection For B6

Fri Jun 29, 2007 10:53 am

it's a type of poison pill