Self help can occur after the 30 day cooling off period.....which is now 11 March.
Union meeting held in New Iberia confirmed that....Union Pres issued a letter instructing all union members to conduct business as normal until that date. He was very specific in his message to the members that until the end of the cooling off period, all members were to carry on working exactly as they have over the two years the negotiations have been underway.
He did tell the pilots to document and file grievances for any violations of the existing contract by the company. He particularly noted violations of the Workover policy.
The current contract requires the company to offer all workover to the pilots before using a management pilot or contract pilot. The contract now allows only for voluntary workover and pilots cannot be forcecd to workover as in the PHI contract.
It has been reported the Senior management has been heard to tell meetings of mechanics (engineers) on at least two occasions..."We will not let this come to a strike."
Those statements if true and as reported would indicate a contradiction between the postion senior management is taking with the two groups....mechanics and pilots.
OLOG also reported being unable to file certain required reports with the Securities Exchange Commission (SEC) due to the need to investigate (using outside counsel) some expenditures made in a foreign (un-named) country that the company does business in.
Investors are beginning to see trouble at OLOG judging by the pressure on the share price of late.
I wonder what all this portends?