rudder Posted October 17, 2003 Share Posted October 17, 2003 Rumours that AC has begun to contact the 511 AC FA's on layoff for recalls to YYZ in the new year - fact or fiction? VSP original target was 2500 by January 01st. Round 1 saw less than 800 VSP's granted. Round 2 of VSP offer is underway and less than 100 have applied - fact or fiction? Link to comment Share on other sites More sharing options...
dagger Posted October 17, 2003 Share Posted October 17, 2003 I hope someone will clarify what's going on. If fewer people than planned are taking the packages and leaving, and the feds are changing the 1-50 ratio, and AC is looking at replacing some bigger aircraft with smaller ones starting next year, I cannot fathom why it would recall FAs. Unless the market is taking a big turn. Link to comment Share on other sites More sharing options...
rudder Posted October 18, 2003 Author Share Posted October 18, 2003 That's right dagger, AC says that it has 'retired or returned' 40 aircraft post-CCAA yet it has not issued a single layoff notice to an in-flight employee since AC entered CCAA on April 01st (that was not subsequently rescinded) despite the fact that the much talked about VSP initiative appears to be less than 50% subscribed. And now, rumours of in-flight recalls post January 01st. If you factor in the whopping 3.5% pay reduction, can anybody estimate what the real annualised in-flight departmental cost reductions are at AC? What is this called - restructuring 'Air Canada' style? Link to comment Share on other sites More sharing options...
rudder Posted October 19, 2003 Author Share Posted October 19, 2003 That's right dagger, AC says that it has 'retired or returned' 40 aircraft post-CCAA yet it has not issued a single layoff notice to an in-flight employee since AC entered CCAA on April 01st (that was not subsequently rescinded) despite the fact that the much talked about VSP initiative appears to be less than 50% subscribed. And now, recalls of most of the in-flight layoffs for December 2003. If you factor in the whopping 3.5% pay reduction, can anybody estimate what the real annualised in-flight departmental cost reductions are at AC? What is this called - restructuring 'Air Canada' style? Link to comment Share on other sites More sharing options...
rudder Posted October 19, 2003 Author Share Posted October 19, 2003 That's right dagger, AC says that it has 'retired or returned' 40 aircraft post-CCAA yet it has not issued a single layoff notice to an in-flight employee since AC entered CCAA on April 01st (that was not subsequently rescinded) despite the fact that the much talked about VSP initiative appears to be less than 50% subscribed. And now, recall of most of the pre-CCAA in-flight layoffs for December 2003. If you factor in the whopping 3.5% pay reduction, can anybody estimate what the real annualised in-flight departmental cost reductions are at AC? What is this called - restructuring 'Air Canada' style? Link to comment Share on other sites More sharing options...
DEFCON Posted October 19, 2003 Share Posted October 19, 2003 Welcome to the whacky world of AC. Now, why do you think they're in CCAA? Any bets on the time to return if and when they emerge from the first event? Link to comment Share on other sites More sharing options...
Guest MDA Posted October 20, 2003 Share Posted October 20, 2003 If they don't make a fairly significant change in their operation, 2-4yrs (creditors aren't going to cut them as much slack this time) If they can make some changes, I think they should be able to make it to the next downturn in the industry 8-12 years from now. But unless they make more changes than it looks like they are going to make, they're going back in one way or another. my 2 bits MDA Link to comment Share on other sites More sharing options...
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