Sky High Posted July 2, 2003 Share Posted July 2, 2003 Now that all the T/As are ratified and things seem to be proceeding forward for the time being..... I still haven't heard anything concrete on the companies plans for restructuring. I'm sure the creditors are just waiting with bated breath to hear that. Correct me if I'm wrong but wasn't there a deadline close?? Link to comment Share on other sites More sharing options...
Guest givemeabreak Posted July 2, 2003 Share Posted July 2, 2003 Good point. What is management going to give? (pay, etc.) (I'm sure we all know the answer to that one) What is the plan, besides pointing fingers at employees, SARS, Mad Cow, West Nile, 9/11 etc?? No plan, same problem in 2 years or less, my guess. Link to comment Share on other sites More sharing options...
dragon Posted July 2, 2003 Share Posted July 2, 2003 Labour and leases equal almost 2 billion a year [1.1 and .8 assuming the lease agreements come in] add to that any government fee realignment and even if we continue on our present and inefficient course, we should do all right in spite of ourselves,.. no? Link to comment Share on other sites More sharing options...
dagger Posted July 2, 2003 Share Posted July 2, 2003 It was in the newspapers yesterday. Senior management took a 15% pay cut effective July 1. Other managers took a 10% pay cut effective July 1. Link to comment Share on other sites More sharing options...
Guest Flameout Posted July 2, 2003 Share Posted July 2, 2003 Three weeks ago on CTV Newsnet, they mentioned Air Canada was seeking $4 billion worth of financing for 100 regional jets. Link to comment Share on other sites More sharing options...
Guest Geminoid Posted July 3, 2003 Share Posted July 3, 2003 That would wages gone as of June 1st...I just got the cheque. Also lost a week vacation per year, 2 stat days, O/T, work extra half hour per day, full uniform allowance gone plus a variety of other things. Geminoid Link to comment Share on other sites More sharing options...
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