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Southwest Airlines asks unions to accept pay cuts to prevent furloughs

3년 전 제출됨

Southwest Airlines is asking worker unions to accept pay cuts so the company can avoid furloughs through the end of the year. Southwest CEO Gary Kelly noted that his goal is still to have no involuntary pay reductions or layoffs in 2020 but that the company has decided to approach union representatives for concessions. (thehill.com) 기타...

sparkie624

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Mooneymite Hight 3년 전 7

It is the job of good management to control costs including the cost of labor. It is the job of unions to protect members from predatory management.

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Phil Howry 3년 전 4

Controlling costs is a fundamental economic requirement for businesses and homeowners alike.

As for being "predatory", during this pandemic-related downturn do you know if the "unions", or business insurance carries, reduced their fees on union members or airlines, respectively?

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Blake Van 3년 전 5

I respect SW airlines but have seen too many airlines sacrifice employees for profit. Example, use gov. Relief funds ment to keep employees on job used to buy back STOCKS WHILE LET GO EMPLOYEES or pay "other" company to bust Union.

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Jim Allen 3년 전 5

I’d rather take a pay cut than lose my job. But I’d want some guarantees in writing if I did. This is from someone who took a 40% pay cut going from one job to another resulting from a corporate takeover.

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ADXbear 3년 전 5

Better than no income... act fast

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sparkie624 3년 전 3

They should accept it.. If they do not, then oh well.. that is what happens.

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paul gilpin 3년 전 4

this would not be the first time a union cut off it's nose to spite it's face.

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wayne holder 3년 전 1

like Hostess twinkie

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patrick baker 3년 전 2

southwest has the opportunity to open the books fully, adjust the salaries at the top of the scale first, and act for the greater good of the line employees in a public manner, a first in the airline industry and one of the first in american industrial history. This would be a huge step in mutual trust and accomodation for the good of labor and management. If any airline could make this step, southwest is at the top of the list. Watch and see what happens.

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Michael Hutchinson 3년 전 2

The problem with pay cuts are the lack of snap backs should things change.

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Susan Gates 3년 전 2

Since the CEO has reduced his salary to zero, they should accept the pay cuts with the caveat that when things get back to normal their salaries will go back to what they were.

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Silent Bob 3년 전 4

The CEO's salary may be zero, but he's still getting millions in stock options. Also pilots, and FA's have already taken a de facto pay cut in that a lot of people increase their pay through trading and open time and that is basically non existent right now.

To top it off, over 2000 pilots took either early retirement or extended leave at greatly reduced pay in order to mitigate layoffs. And the 10% cut will apply to those pilots who took leave. It's a slap in the face that after all this, almost 8 months into the "pandemic", all of a sudden they need concessions ASAP to prevent layoffs. Oh, and SWA currently has over 14 BILLION in cash/credit available which even at current burn rates is enough to last at least the next 2 years.

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Blake Van 3년 전 1

Sele 1-2 aircraft you have parked use money to pay employees. I remember American Airlines used excuse to bust Union while paying 20 million to union busting company ists same old trick just now seem can blame pandemic.

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Frank Harvey 3년 전 4

If anybody will buy a/c for immediate cash right now. You'll probably be taking a significant loss if you can find a buyer.

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Peter Fuller 3년 전 4

Back in May Southwest announced a sale-and-lease-back deal for 20 airplanes, raising $815 million. Seems like a lot of money but doesn’t go far when you’re looking at quarterly losses in the $billions. I suppose they could do more deals like that but it’s not exactly a seller’s market just now as Frank Harvey pointed out.

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Michael Meyers 3년 전 1

The pilots should take one for the team and be glad they still have a job.

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Frank Harvey 3년 전 1

AA dumped 200 drivers and 800 stews at KPHL this week.

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Blake Van 3년 전 0

This is Disaster Capitalism in full operation sacrifice labor during a pandemic to boost stock market share holders profits.
Only Strong collective Unions and government regulations can stop this predatory actions by CEOs and Corporations. Government financial support (Socialism)for Wall-Street and corporate CEO's but no support for Labor. People must stop supporting Socialism for Wall-Street and rich, it's counterproductive.

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WhiteKnight77 3년 전 -2

Hopefully the unions agree. If the CEO and other management are taking pay cuts, others can too. There are reasons that former union members have voted for being non-union in a new company after their old company closed in part due to labor costs of union members.

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[This poster has been suspended.]

WhiteKnight77 3년 전 -1

It is no longer online, but former steelworkers in PA voted 400-5 (or something very close) to not unionize as they only had to look out the window of the new company to see the previous company that they worked for. You do not have to believe it, but it did happen.

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richoff 3년 전 -7

But the CEO's and corporate types receive increasing bonus's and options, hmmm!

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Bob Lamond 3년 전 11

From the article:
“He announced that, effective Jan. 1, he will reduce all leadership groups’ base salaries by 10 percent until January 2022 and that the airline will “pursue a similar approach” for all other non-union employees.”
Separately, Kelly announced he will take zero salary in 2021.

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Supercool Marmol 3년 전 3

I'm not a fan of flying SWA, due to my travel requirements. But I can't fault a company who tries to "ease" the pain by spreading it around.

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Southwest Airlines asks unions to accept pay cuts to prevent furloughs

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