Here's your weekly update.
1. United Flight Attendants seek mediation: In their ongoing battle to get a joint collective bargaining agreement, The Association of Flight Attendants, has asked for help from a federal mediator in trying to negotiate their first joint contract with the new United airlines. They are four years into their merger and are still working on their first joint contract. For now the flight attendants at United continue to work under separate contracts and are only allowed to fly on the pre-merger agreed upon aircraft. This is happening at a time when United is buying back about $3 billion in stock, Please click on the link for more information.
2. FedEx pilots agree to new deal: FedEx and their pilots, represented by the Arline Pilots Association, reached a tentative agreement for pilots at FedEx. the new deal will run through 2021 and still has to be approved by the Executive Council and the membership. Please click on the link below for more details.
3. Last, best and final offer to Republic Pilots: Republic Airlines, very publicly, made it's last, best offer to its Pilots yesterday. Republic has recently decreased the amount of flying it does because of a Pilot shortage and even went as far as to blame the Union representing those Pilots for that shortage.The company says if this offer is either delayed in the voting process, it may be withdrawn and if it is not accepted it will lead to non consensual restructuring. Please click on the link for more information.
4. CEO pay ratios and corporate greed: As corporations start preparing to release the ratio of their CEO's pay to it's workforce those in the industry are criticizing the SEC's decision to requires corporations to provide that information. Many corporations have gotten away from a simple salary structure as compensation and have gone to "total compensation packages". Many of these compensation packages reward CEO's for the value of a corporation's stock vale and not on the performance of their company. Compensation should be determined on how their company performs and not just be tied to stock value. Instead of obsessing about how much CEO's earn," we should focus more on "how their pay is determined," said Paula Dwyer at Bloomberg View. Please click on the links below for more information.
Please work smart and stay safe.
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