Record pilot retirement at AA on one day
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I would presume that they are employed under Texas Laws, so they are in an "at will" state. There is no obligation on either side in terms of contacts of employment
What is the point of a contract if you can not uphold it when in a dispute ?
In other words why have one at all....
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@411A
You are right all over the world the most senior guys are the opposite of handsome.
But youngsters can be nasty too beside their missing things.
The essential point is there are plenty of nuts in management at the right torque.
And who is screwed?
The guys out to rescue all the benefits (of course for the mangers).
But youngsters can be nasty too beside their missing things.
The essential point is there are plenty of nuts in management at the right torque.
And who is screwed?
The guys out to rescue all the benefits (of course for the mangers).
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I would presume that they are employed under Texas Laws, so they are in an "at will" state. There is no obligation on either side in terms of contacts of employment,
Sometimes it is "too" enforceable -- hence the $40 million judgement against the APA several years ago for their "sick-out"...
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Yes, AA had plenty of notice...these pilots had been locked in to the Oct unit value for MONTHS. With the downturn of the stock market (and unit value), the writing was on the wall. To "unlock" and continue working, they ONLY had to notify their chief pilot's office on the last day of January.
The Aldrich quote was a little out of context. Sure, anybody can quit/retire any day of any month...but that is NOT realistic, and is not what happened last week.
In a rising market/unit value scenario, pilots can "re"lock into the new higher month's value, every month.
In the past, some have inadvertently "retired" themselves, by forgetting to properly notify their flight office w/i the 3 month deadline.
KC
The Aldrich quote was a little out of context. Sure, anybody can quit/retire any day of any month...but that is NOT realistic, and is not what happened last week.
In a rising market/unit value scenario, pilots can "re"lock into the new higher month's value, every month.
In the past, some have inadvertently "retired" themselves, by forgetting to properly notify their flight office w/i the 3 month deadline.
KC
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AA pilots saw what management scum did at most of U.S. majors by dancing into bancruptcy and dumping their pensions on the U.S. Govt. with the help of some clueless federal bancruptcy judge. The PBGC (federal entity that administers failed pensions) then recalculates retirements based on all manner of lookbacks and disclaimers, and then throws on additional penalties for not having retired at age 65. The maximum pension for an age 60 at United is $28,xxx per year (forever) and the maximum for age 65 is $44,xxx (forever). The $billions (with a B) that were in the pension fund disappear into the federal trough....nice trick, huh? Retiree medical under age 65 (medicare eligible) is $6,000 per year for a family of four, plus minimums, plus copays. It becomes readily apparent that once one's function as a provider of tax-revenue ends, one is expected to have the good manners to disappear. I am sure that many AA pilots realize that, like the rest of the U.S. airline industry, they are on the path to becoming the equivalent of contract employees....that being the case, they might as well take the money and become one. I would.
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100bmep
What???? No 115/145 (purple), No 100/130 (green) just 100LL? Watch those plugs and keep CHT at 205. If you're 777. Air India is looking, but watch your six. 
Last edited by timbob; 5th Feb 2008 at 01:30.
TC
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Tim Bob & 717
Don't forget the dreaded "double shorted primary"!
The "Rat" and Kahzakatan sound like someone and somewhere frin a previous life.
I've wondered where "corrosion corner" moved.....perhaps it is now
in Kahzakastan.
The "Rat" and Kahzakatan sound like someone and somewhere frin a previous life.
I've wondered where "corrosion corner" moved.....perhaps it is now
in Kahzakastan.
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Yes, AA had plenty of notice...these pilots had been locked in to the Oct unit value for MONTHS. With the downturn of the stock market (and unit value), the writing was on the wall. To "unlock" and continue working, they ONLY had to notify their chief pilot's office on the last day of January.
The Aldrich quote was a little out of context. Sure, anybody can quit/retire any day of any month...but that is NOT realistic, and is not what happened last week.
The Aldrich quote was a little out of context. Sure, anybody can quit/retire any day of any month...but that is NOT realistic, and is not what happened last week.
Thread Starter
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Mgt was asking pilots in Jan. if they planned on retiring early. Some replied, some didn't.
With the stock market dropping mgt knew they'd have increased retirements, they just didn't know how many.
The possiblity still exists for greater than normal retirements for Feb and March, but probably not the large number that occured on Jan 31st.
With the stock market dropping mgt knew they'd have increased retirements, they just didn't know how many.
The possiblity still exists for greater than normal retirements for Feb and March, but probably not the large number that occured on Jan 31st.
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