BobDDuck
Island Bus Driver
That said, I find your post interesting. Let's examine the bigger picture. Top end pay at your former company was just reduced to $86. This only affects those people who were already earning more than more than that. Anyone earning 86 or less "conceded" nothing, at least in terms of hourly pay. But as a result of their now lower average labor costs, they are more competitive to keep the flying they have, and to bid on opportunities for new flying. So job security at your former company is, if anything, enhanced. By the same token, job security at your major just got slighly worse because there is now more economic incentive shift flying to your former regional. Isn't economics wonderful?
First off, everybody making more than the cut off limit kept their pay, so it actually doesn't effect them at all... It ONLY effects the guys under the cutoff. And, for somebody like me who still has 30 or so years left of a career, that financial difference works out to about $500,000. Also throw in the fact that the deal extended the contract by 5 years so any COLA and inflation protection that would come into play at the end of the contract are now pushed out 5 additional years. It's a HUGE difference.
And while yes it MAY provide some short term job security, the flying still isn't owned by the company, so if somebody agrees to a slightly higher paycut, all that flying could go away the next day (or at the end of the contract lift period).
And finally, to your last point... that's why we have scope at the majors.