Those "pesky"pensions!

Discuss topics relating to Air Canada.

Moderators: North Shore, sky's the limit, sepia, Sulako, lilfssister, I WAS Birddog

Post Reply
Norwegianwood
Rank 4
Rank 4
Posts: 291
Joined: Wed Dec 15, 2010 3:16 pm

Those "pesky"pensions!

Post by Norwegianwood »

---------- ADS -----------
 
TheStig
Rank 8
Rank 8
Posts: 871
Joined: Thu Nov 10, 2011 12:34 pm

Re: Those "pesky"pensions!

Post by TheStig »

There must have been some sort of government bail out! Right?
---------- ADS -----------
 
TrailerParkBoy
Rank 4
Rank 4
Posts: 205
Joined: Tue Apr 12, 2005 8:48 pm

Re: Those "pesky"pensions!

Post by TrailerParkBoy »

2010... Let's see how bad we can make the books look so we can screw over all union groups during negotions.
2011...Complain to government that we can't get what we want from the employees.
2012...The government tells employees take it or leave it. In the end, air canada gets what it wants. Then by Q4, AC posts first profits in years. How convenient!
2013...Creats a new low cost airline with same services and employees as mainline.
2014...pensions forgiveness given by government now Creats surplus in pension and AC now wants to go back to old ways so they don't have to pay up!
2015...AC posts record earnings, all execs are rewarded financially for job well done, and mystery cash flow appears, employees not rewarded!
---------- ADS -----------
 
rudder
Rank 11
Rank 11
Posts: 4124
Joined: Wed Mar 08, 2006 12:10 pm

Re: Those "pesky"pensions!

Post by rudder »

TrailerParkBoy wrote:2010... Let's see how bad we can make the books look so we can screw over all union groups during negotions.
2011...Complain to government that we can't get what we want from the employees.
2012...The government tells employees take it or leave it. In the end, air canada gets what it wants. Then by Q4, AC posts first profits in years. How convenient!
2013...Creats a new low cost airline with same services and employees as mainline.
2014...pensions forgiveness given by government now Creats surplus in pension and AC now wants to go back to old ways so they don't have to pay up!
2015...AC posts record earnings, all execs are rewarded financially for job well done, and mystery cash flow appears, employees not rewarded!
Like I said before...... one side is playing chess and the other side is playing checkers.
---------- ADS -----------
 
Rockie
Top Poster
Top Poster
Posts: 8433
Joined: Sat Oct 08, 2005 7:10 am

Re: Those "pesky"pensions!

Post by Rockie »

rudder wrote:Like I said before...... one side is playing chess and the other side is playing checkers.
That's very true. However in Canada for the past few years the Chess players have an allied Federal Government telling the checker players what moves they can, but mostly cannot make despite what the rule book says.

In those conditions it doesn't matter what game is played, it's rigged for the employers to win and employees to lose. Federal and Provincial Conservatives are ideologically against employee rights of any kind.
---------- ADS -----------
 
duranium
Rank 3
Rank 3
Posts: 141
Joined: Tue Dec 07, 2010 1:45 am

Re: Those "pesky"pensions!

Post by duranium »

TrailerParkBoy wrote:2010... Let's see how bad we can make the books look so we can screw over all union groups during negotions.
2011...Complain to government that we can't get what we want from the employees.
2012...The government tells employees take it or leave it. In the end, air canada gets what it wants. Then by Q4, AC posts first profits in years. How convenient!
2013...Creats a new low cost airline with same services and employees as mainline.
2014...pensions forgiveness given by government now Creats surplus in pension and AC now wants to go back to old ways so they don't have to pay up!
2015...AC posts record earnings, all execs are rewarded financially for job well done, and mystery cash flow appears, employees not rewarded!
2005 to present

Looking thru the archives on this forum, it seems you left out an insignificant tibit. May I submit the refusal by ACPA and it's members to stop living in the past and realising that mandatory retirement was going the way of the Dodo bird. If they had, most if not all those savings for pension payments AC is now omitting because of delayed pension would have been been flowing to you pilots under a negociated deal. What was the first year savings by AC ? more or less 135 million. I would tend to believe that in subsequent years, for the foreseeable future , savings wise by AC, it should look quite similar on the bottom sheet. So, give credit where credit is due and outright stupidity also where it is due.
---------- ADS -----------
 
FL767
Rank 1
Rank 1
Posts: 28
Joined: Mon Jan 06, 2014 1:23 am

Re: Those "pesky"pensions!

Post by FL767 »

TrailerParkBoy wrote:2010... Let's see how bad we can make the books look so we can screw over all union groups during negotions.
2011...Complain to government that we can't get what we want from the employees.
2012...The government tells employees take it or leave it. In the end, air canada gets what it wants. Then by Q4, AC posts first profits in years. How convenient!
2013...Creats a new low cost airline with same services and employees as mainline.
2014...pensions forgiveness given by government now Creats surplus in pension and AC now wants to go back to old ways so they don't have to pay up!
2015...AC posts record earnings, all execs are rewarded financially for job well done, and mystery cash flow appears, employees not rewarded!

YES! I am glad some one understands the Zietgiest! If wages kept up with inflation we'd all be making $300k/year but instead those with power get richer by pulling strings. (However ill believe those 2015 "record earnings" when I see em Encore/Jetlines will take a chunk out of AC for sure).
---------- ADS -----------
 
Post Reply

Return to “Air Canada”