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West Jet Interview process

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Old 30th Mar 2006, 12:17
  #21 (permalink)  
 
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b612 wrote........ "BS" in the pay formula stands for something else... Let's not forget WJ started this race to the bottom. WJ lowered the bar for 10 years and you somehow think you're raising it???
Wow another insight by another acpa moron,
You can't be serious,
1.who was flying rj's for dash wages 10 years ago
2. who has given up wages and working conditions for the last ten years on the airbus/boeing just to keep the rj's from the regionals.
You clowns would give up even more now just to screw the OCP's if you knew you could get away with it.
Take a serious look at yourself idiot.
Congrats to the WJ's on the new contract
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Old 2nd Apr 2006, 22:36
  #22 (permalink)  
 
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Originally Posted by b612
Reg - I didn't mention capital loss because I didn't mention capital gains either. And yes, the stock purchase can be put into an rrsp right away but that is merely delaying the taxman and carries with it a whole can of worms if the value goes down so I left it out.
Capital losses are relevant because you were talking about tax implications of the stock going down, not about it going up.

You were the one who talked about the benefit of putting the money in an RSP and getting the tax break. I didn't suggest it, I was just debating the tax implications in a scenario you suggested.

Either you really don't understand what you are talking about, or you are intentionally making the debate illogical. Either way this has probably run its course.
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Old 4th Apr 2006, 04:40
  #23 (permalink)  
WRC
 
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Yes, we sure are bottom feeders. If I lowered the bar at $236,500 in 2005 its just a disgrace I'll have to live with. BTW, I'm over 100
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Old 10th Apr 2006, 16:31
  #24 (permalink)  
 
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Could any of you Westjetters tell us if there is a training bond at Westjet when you start and if so, for how long/much?

Thanks
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Old 10th Apr 2006, 16:42
  #25 (permalink)  
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No training bond. 1 year probation period
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Old 11th Apr 2006, 00:33
  #26 (permalink)  
brucelee
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Originally Posted by WRC
Yes, we sure are bottom feeders. If I lowered the bar at $236,500 in 2005 its just a disgrace I'll have to live with. BTW, I'm over 100

You guys enjoying the progress of a growing company just as AC and Canadian did in their growing years. At some point WJ will no longer be able to help you out by matching your investments. It's only my opinion, but I think most of your income is based on investments that management has helped you with. At the rate WJ is growing, management will find it very difficult to do this 3-4 years from now. Your model works well in short terms, but we'll be talking about a very different situation by the time you retire. The trouble may not even come from the pilot group but from somewhere else in the company. Anyway, enjoy the fruits of your labour for now and take my advise, put as much dough aside for the future as you can. At some point it will be very difficult to rely only on salary which is what Clive will ask you to do.
 
Old 11th Apr 2006, 02:08
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You guys enjoying the progress of a growing company just as AC and Canadian did in their growing years. At some point WJ will no longer be able to help you out by matching your investments. It's only my opinion, but I think most of your income is based on investments that management has helped you with. At the rate WJ is growing, management will find it very difficult to do this 3-4 years from now. Your model works well in short terms, but we'll be talking about a very different situation by the time you retire. The trouble may not even come from the pilot group but from somewhere else in the company. Anyway, enjoy the fruits of your labour for now and take my advise, put as much dough aside for the future as you can. At some point it will be very difficult to rely only on salary which is what Clive will ask you to do.
How long is it going to take people like you to realize Westjet isn't Air Canada. Westjet isn't Canadian. Westjet isn't Cathay, United, KLM, Air France, Ryanair, or Easyjet. There is a reason why Westjet is a successful company: the employees have a vested interest in the performance of the company. I don't think that the leadership at Westjet want or need to change that anytime soon. I'm curious to know why you think the WJ matched portion of our compensation package will not be there in a few years?
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Old 11th Apr 2006, 03:13
  #28 (permalink)  
 
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System Down
Why should you give a rats a** what anyone thinks. You've got a job you want with a company you like. End of story. If you are right, enjoy Whistler, if not say hello to Mac and Cheese. Its not where you start it is where you finish and if it floats your boat go for it.
The bit that amuses me is I remember how the SWA pilots down here took all sorts of stick from the ALPO crowd about degrading the profession, drinking the kool aid etc etc. Funny haven't heard a lot of that lately, must be the hearing.
Funny story. I ran across an ex Navy flyer one day who "parked" his 182 in a farm field near our place. Waiting for the mist to clear we had time to chat. Seems his son had got out and done the rounds at United, AA etc but could "only" come up with a job at Southwest. Took the job and about 2 years later united called with an offer of a spot. He was having so much fun at Southwest he decided he could live without the big bucks and lousy atmosphere at United and stayed where he was. 4 years later that looked pretty good.

If you like it - enjoy it.
As Henry Ford said - Never Complain, Never Explain
20driver
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Old 11th Apr 2006, 12:51
  #29 (permalink)  
brucelee
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system.
I'm only implying that so long as there are profits, the system will work. If the profits disappear, it would seem that there is little or no extra wealth to share amongst the employee group. I'm not saying WJ will start losing money but at the rate of growth it's going through, there could be smaller profits, the idea being that larger airlines (low cost or not) have more expenses and lets not forget the ever increasing price of oil. Your salaries are now quite good even without the profit sharing so that the group will still be happy. But the days of hundreds of thousands of $$ a year may not last much longer.
Anyway, take 20driver's advise, he seems to know what he's talking about.
 
Old 11th Apr 2006, 13:04
  #30 (permalink)  
 
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The only guys that complain about Westjet are the guys who were probally turned down, H/R ( human rats) departments see through these negative people and don't hire them. So it don't pay well at first but what job does. It seems that at the magical year 3 you get the big raise as A/C does. The employees all seem happy and there not in the news fighting with themselves about labour issues. I'm not an employee but it's worth a lot to go to work in a postive enviroment. As it was said earlier, if you like it-enjoy it!
Buzz
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Old 12th Apr 2006, 04:08
  #31 (permalink)  
 
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Your salaries are now quite good even without the profit sharing so that the group will still be happy. But the days of hundreds of thousands of $$ a year may not last much longer.
The most any pilot at WestJet has ever made on profit sharing has been around $15,000 clear in one year. Bruce, your speculation may have been misguided and you might have meant monies made from options...anyway semantic. However, I wouldn't rule out the options just yet. This year with the low stock price captains will get about 11,500 shares in options. These will expire in 2010. There are some significant events that are occuring in 2009 that you might be aware of. It will be the year when the straight jackets come off and all will be negotiated with Milton. BTW, you can also choose to strike that year if things don't go well. In addition, several billion dollars in leases come up for modified renewal then. What I'm getting at is that it's a perfect storm just hidden below the surface that will have an effect on the share price and with such a low strike price this year it won't take much to be back into the six figures....
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Old 12th Apr 2006, 13:18
  #32 (permalink)  
brucelee
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I know what you're saying but I think in the end Milton will get his way with everything from labour to leases. Battles will occur but in the end management always wins and I guess business continues.
How do the options work at WJ?
 
Old 12th Apr 2006, 16:22
  #33 (permalink)  
brucelee
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Not bad. Thanks.
 

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