Post details: If Burns Ran an airline...(with Federal Money)

06/02/05

Permalink 07:33:17 am, Categories: Economics, politics, 186 words   English (US)

If Burns Ran an airline...(with Federal Money)

US Airways Managers

Well, that's odd ... I've just robbed a man of his livelihood, and yet I feel strangely empty. Tell you what, Smithers - have him beaten to a pulp.

When the airline needed about $1 billion annually in labor cuts, the AFA filing said, the airline had argued that "in light of management's sacrifices, it would be 'inequitable' for labor not to take commensurate reductions."

The objections they have raised in bankruptcy court surround the company's request for up to $55 million to hand out in bonuses and severance pay to executives, managers and salaried workers.

The money essentially would wipe out the $56 million in concessions given by management and salaried employees, according to an objection filed in bankruptcy court Wednesday by the Association of Flight Attendants, which represents mainline and regional workers in the airline.

Smithers, for attempting to kill me, I'm giving you a five percent pay cut!

The AFA filing pointed to the different treatment in union workers, who were saddled with court-imposed 21 percent pay cuts for four months, while management saw only a 5 percent pay cut, "on the heels of a nearly commensurate prebankruptcy pay increase."

Comments:

No Comments for this post yet...

Leave a comment:

Your email address will not be displayed on this site.
Your URL will be displayed.
Allowed XHTML tags: <p, ul, ol, li, dl, dt, dd, address, blockquote, ins, del, a, span, bdo, br, em, strong, dfn, code, samp, kdb, var, cite, abbr, acronym, q, sub, sup, tt, i, b, big, small>
URLs, email, AIM and ICQs will be converted automatically.
Options:
 
(Line breaks become <br />)
(Set cookies for name, email & url)

Anwar

September 2005
Mon Tue Wed Thu Fri Sat Sun
<<  <   >  >>
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    

Search

Categories


Misc

Syndicate this blog XML

What is RSS?

powered by
b2evolution