http://www.cbc.ca/stories/2004/05/20/business/ac040520
Well let's see
About 15 years ago, Air Canada was privatized. Then through horrible mismanagement, the airline is now bankrupt. Air Canada has 7 or 8 different unions. All but one have agreed to pay cuts to keep the airline alive.
As it's an election year, the "rogue" union guy is counting on the gov't bailing them out...(Air Canada employs a large number of voters!), thus not requiring pay cuts. So he's sticking to his guns. But everyone is saying that the gov't ain't gonna do squat. So it's quite possible the airline will go tits-up.
Alas it would seem the the workers are being penalized for the mistakes of the people steering the boat over the years. But can they afford to play hardball at this point?
I wonder what this will mean for my dad's pension (as he is an Air Canada retiree)
Well let's see
About 15 years ago, Air Canada was privatized. Then through horrible mismanagement, the airline is now bankrupt. Air Canada has 7 or 8 different unions. All but one have agreed to pay cuts to keep the airline alive.
As it's an election year, the "rogue" union guy is counting on the gov't bailing them out...(Air Canada employs a large number of voters!), thus not requiring pay cuts. So he's sticking to his guns. But everyone is saying that the gov't ain't gonna do squat. So it's quite possible the airline will go tits-up.
Alas it would seem the the workers are being penalized for the mistakes of the people steering the boat over the years. But can they afford to play hardball at this point?
I wonder what this will mean for my dad's pension (as he is an Air Canada retiree)