https://www.dallasnews.com/business/airlines/2020/10/05/southwest-airlines-wants-workers-to-take-10-pay-cuts-or-face-furloughs-in-2021/
Budget now for across the board paycuts. Furloughs are no longer the plan.
10 replies (most recent on top)
@3vjo+17iZbAF3 those lost merit increases went straight to increased shareholder dividends.
Unions are the problem, not Honeywell. If we could disband the unions, we could RIF a lot of lazy employees who think that they are entitled to their job and extra benefits.
I wasn't alluding to H doing something like what SWA and my old employer did. H has shown its true colors too many times.
Honeywell "leadership" may take a pay cut, but they'll just give it back to themselves with more stock options and bonus $$. The rank and file taking a pay cut will not stave off another round of layoffs. We lost our merit raises and the MIP to allegedly avoid furloughs. Then we had furloughs to allegedly avoid layoffs. Then we had massive layoffs. The plan was massive layoffs since February. The rest was virtue signalling and an easy way to take even more from the workers before the layoffs.
If everyone takes a 10% pay cut (and their leadership is losing even more), and avoids laying off 10%, then I think that's a win for everyone. Provided the layoffs don't happen, of course. This might be a Texas thing. Ancient history - I worked for a company in Texas during the 1980 recession that had a massive, but expected to be temporary, collapse in orders. General manager had orders to cut costs, but he polled the employees (non-union shop, of course) and they said that a pay cut was preferred to laying off their friends and neighbors. GM told corporate that they got their cost savings and don't tell him how to run his plant. Orders came back and so did the pay.
Your saying I should encourage my wife to fly on SW Airlines more often ?
Transitions have consummed so much capital lately that its unthinkable how much money is spent to either close down sites and move parts out to contractors.
With Anniston out of the way there will be other sites on sights to be shuttered before this year bids adieu.
Any excuse is a good excuse. They cant furlough and the transitions have been disastrous. The leftovers have already demonstrated that money doesnt matter, and poor work conditions dont matter. Why not double down
I hesitate to use Southwest Airlines as a litmus test for Honeywell Aero R,D&E and workforce leveling. the 737 (not MAX*) aircraft they fly is so old and dilapidated their "Entry To Service" predates the fall of the iron curtain.
They’ve done it before...