Msg ID:
2802030 |
GMR Retention Bonus +1/-6
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Author:10K In the bag
1/1/2024 3:34:07 PM
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So as of today those of you who signed up for the GMR retention in Aug os 2022 now have $10K which the headshed is holding for you. On this day next year that will increase to $20K, and on Jan 1st 2026 $40K will be paid out. How many of you might have planned a move or retirement are planning to stay because of the bonus?
Roll on Jan 2026 :-) |
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Msg ID:
2802036 |
GMR Retention Bonus +0/-3
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Author:Elon
1/1/2024 4:16:37 PM
Reply to: 2802030
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I was planning to move to mars but 40 grand changed my mind. |
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Msg ID:
2802044 |
GMR Retention Bonus +3/-0
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Author:Old guy
1/1/2024 6:47:02 PM
Reply to: 2802036
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Elon you are exactly what is wrong with this forum. |
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Msg ID:
2802045 |
GMR Retention Bonus (NT) +0/-2
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Author:lol
1/1/2024 6:48:59 PM
Reply to: 2802044
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Msg ID:
2802049 |
GMR Retention Bonus +8/-0
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Author:Anonymous
1/1/2024 7:29:34 PM
Reply to: 2802030
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I'm betting no one will see a dime. With KKR's debt payment coming due they will weasle out of paying it and there is no contract or agreement signed to hold them too it. You've been played. |
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Msg ID:
2802073 |
GMR Retention Bonus +3/-1
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Author:I'm In
1/2/2024 8:39:27 AM
Reply to: 2802049
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But I've heard that you will be automatically disqaulified for the $40k if you make a slight mistake on your RA, CF, RAMCO, or miscaculate the formula for executing an autorotational test flight. |
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Msg ID:
2802072 |
GMR Retention Bonus "HOLDING" money for you (NT) +3/-1
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Author:SCAM! Won't see a dime.
1/2/2024 8:32:44 AM
Reply to: 2802030
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Msg ID:
2802074 |
GMR Retention Bonus "HOLDING" money for you +1/-0
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Author:Former GMR
1/2/2024 9:07:10 AM
Reply to: 2802072
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Not a lawyer but imma gonna guess those bonuses evaporate in the Chapter 11 filing... |
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Msg ID:
2802078 |
GMR Retention Bonus "HOLDING" money for you +1/-0
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Author:why would a lawyer know
1/2/2024 10:53:42 AM
Reply to: 2802074
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anything about whether bonuses will get paid or not. AMC paid out all bonuses while in chapter 11. |
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Msg ID:
2802083 |
AMC paid because of the CBA and Union.....GMR has no obligation to do so in (NT) +0/-0
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Author:during GMR bankruptcy
1/2/2024 11:14:57 AM
Reply to: 2802078
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Msg ID:
2802086 |
AMC paid because of the CBA and Union.....GMR has no obligation to do so in +0/-0
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Author:yeah but
1/2/2024 11:30:18 AM
Reply to: 2802083
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I was told the judge could and would deny the bonuses |
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Msg ID:
2802098 |
AMC wasn't obligated to pay it retention bonus because of the CBA or Union! +1/-0
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Author:They were required because...
1/2/2024 3:01:58 PM
Reply to: 2802083
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... they made a direct retention contract with their pilots! It was a written promise done in a policy. They could not renege without legal woes and a judge's approval when individuals sought payment privately. |
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Msg ID:
2802101 |
You wish! It's in the CBA, it's a legal binding agreement. Without it there (NT) +2/-1
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Author:They could have withheld.
1/2/2024 3:36:22 PM
Reply to: 2802098
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Msg ID:
2802103 |
The promise was made way before the CBA! They would owe it regardless (NT) +0/-1
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Author:of the CBA or the Union. Sorry!
1/2/2024 3:39:45 PM
Reply to: 2802101
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Msg ID:
2802104 |
IOWs, they would have had to pay it even if the CBA ratification failed! (NT) +0/-0
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Author:Anonymous
1/2/2024 3:40:42 PM
Reply to: 2802103
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Msg ID:
2802121 |
IOWs, no they didnt and no court could force them to (NT) +0/-0
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Author:Bankruptcy could have bailed them out
1/2/2024 7:20:56 PM
Reply to: 2802104
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Msg ID:
2802141 |
Maybe if they totally liquidated under chapter 7, but not here! Those +0/-0
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Author:retention bonus was earned wages
1/3/2024 9:00:54 AM
Reply to: 2802121
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The employees were promised to be paid a wage (bonus) for staying with the company. Those are now employee wage claims, which is first to be paid. CBA or not, those employees already worked for that compensation. So, regardless of the CBA, they would be paid. Each employee would have a separate claim to the bankruptsy court for wages earned here! And, they don't need a union or a CBA for that! |
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Msg ID:
2802120 |
False. No legal obligation to pay and no court could force them (NT) +0/-0
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Author:To pay. Especially w/ bankruptcy
1/2/2024 7:20:01 PM
Reply to: 2802103
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Msg ID:
2802131 |
Ah, then that would also be true with the CBA! +0/-0
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Author:[Both contract were pre-bankruptcy]
1/2/2024 9:40:39 PM
Reply to: 2802120
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CBA doesn't make it any more secure than other employee contracts. If bankruptcy can ignore the one, it can ignore the other |
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Msg ID:
2802133 |
Ah, then that would also be true with the CBA! +0/-0
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Author:research
1/2/2024 10:16:29 PM
Reply to: 2802131
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Totally depends on what type of bankruptcy they choose: pre-packaged, pre-arranged, free fall. And if they want to impair claims and have a creditor committee, which takes longer and costs more for lawyers, etc. For AMC, harder to get rid of CBA which has specific protections in bankruptcy code. For GMR time will tell, but any payment due will not be protected if they want to get rid of it. |
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Msg ID:
2802140 |
what applies to one, applies to the other! +0/-0
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Author:Bonuses were owed! They pay
1/3/2024 8:47:31 AM
Reply to: 2802133
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It's a work contract for wages already earned. It's owed money to employees. They don't cast that off in a bankruptsy. It's the first thing paid! |
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Msg ID:
2802143 |
AMC promised new aircraft and autopilots for all in an email. Are they (NT) +0/-0
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Author:Legally bound to produce them?
1/3/2024 9:04:49 AM
Reply to: 2802140
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Msg ID:
2802164 |
AMC promised new aircraft and autopilots for all in an email. Are they +0/-0
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Author:say wut
1/3/2024 2:35:14 PM
Reply to: 2802143
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why don't you sue them if they don't |
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Msg ID:
2802081 |
GMR Retention Bonus +0/-1
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Author:Wait what? I thought
1/2/2024 11:06:04 AM
Reply to: 2802030
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You GMR guys are getting 10k year one, 10k year two, and 20k year 3? They change your bonus payout??? |
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Msg ID:
2802084 |
GMR Retention Bonus changed from $ every year to holding it (NT) +1/-0
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Author:until the end
1/2/2024 11:15:37 AM
Reply to: 2802081
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Msg ID:
2802099 |
GMR Retention Bonus +0/-0
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Author:isn't that nice
1/2/2024 3:28:26 PM
Reply to: 2802030
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that they are holding it for you but not a dime for 2 more years. what a scam lol |
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Msg ID:
2802102 |
Any inflation or interest growth in your money they are holding so niecely (NT) +0/-0
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Author:for you....
1/2/2024 3:37:26 PM
Reply to: 2802099
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Msg ID:
2802107 |
GMR Retention Bonus +0/-0
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Author:yeah it's in the bag
1/2/2024 3:57:48 PM
Reply to: 2802099
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their bag |
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Msg ID:
2802127 |
GMR Retention Bonus +1/-0
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Author:Anonymous
1/2/2024 8:15:34 PM
Reply to: 2802107
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obama's stash |
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Msg ID:
2802108 |
one union troll (NT) +0/-0
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Author:talking to himself. lol
1/2/2024 4:12:58 PM
Reply to: 2802030
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Msg ID:
2802109 |
GMR Retention Bonus +4/-0
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Author:GMRr
1/2/2024 4:35:01 PM
Reply to: 2802030
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$40k IOU, we're screwed... |
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Msg ID:
2802114 |
GMR Retention Bonus +0/-0
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Author:Big bucks
1/2/2024 6:35:53 PM
Reply to: 2802109
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GMR had over 400 pilots when this offer was put into effect. Should 50 % be the after three years thats alot of dollars.
$40,000 x 200 = $8,000,000
Do you think this was a wise investment? |
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Msg ID:
2802117 |
GMR Retention Bonus +0/-0
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Author:AMC paid out over $20 Mil
1/2/2024 6:54:20 PM
Reply to: 2802114
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They kept their word.. |
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Msg ID:
2802122 |
Thanks to the Union and new contract! GMR played all of you fools!!!! (NT) +0/-1
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Author:AMC got mine!
1/2/2024 7:22:44 PM
Reply to: 2802117
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Msg ID:
2802132 |
Again, Union and new CBA had ZERO to do with it! (NT) +0/-0
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Author:5hey were obligated to pay it regardless
1/2/2024 9:46:38 PM
Reply to: 2802122
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Msg ID:
2802137 |
Again, Union and new CBA had ZERO to do with it! +0/-1
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Author:The low IQ
1/3/2024 8:07:03 AM
Reply to: 2802132
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will never understand how things really work. |
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Msg ID:
2802138 |
Again, Union and new CBA had ZERO to do with it! +0/-0
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Author:The low IQ
1/3/2024 8:07:04 AM
Reply to: 2802132
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will never understand how things really work. |
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Msg ID:
2802144 |
Exactly. CBA is a contract. Bonus put in contract. AMC required to pay it. (NT) +0/-0
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Author:GMR nada. Thanks Union!!
1/3/2024 9:06:15 AM
Reply to: 2802138
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Msg ID:
2802146 |
They would have had to pay it anyway, union or not! (NT) +0/-0
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Author:Wages were already earned!
1/3/2024 9:11:51 AM
Reply to: 2802144
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Msg ID:
2802173 |
Bonuses are not earned wages. You are confused (NT) +0/-0
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Author:Different in eyes of the court
1/3/2024 4:57:42 PM
Reply to: 2802146
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Msg ID:
2802225 |
once the have been earned, yes they are! +0/-0
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Author:you've already earned the money by...
1/4/2024 6:51:26 PM
Reply to: 2802173
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...meeting the terms of the contract they provided to each pilot |
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Msg ID:
2802145 |
Wages earned are paid first! Bankruptsy 101 +0/-1
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Author:Union or no Union!
1/3/2024 9:06:37 AM
Reply to: 2802138
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Under Chapter 11, the court could tear up the existing CBA, but it can't tear up unpaid wages/compensations! Employees were not investors or lenders, they get paid first for wages promised/earned! |
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Msg ID:
2802150 |
Wages earned are paid first! Bankruptsy 101 +0/-1
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Author:says the dudebro
1/3/2024 12:20:33 PM
Reply to: 2802145
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that can't even spell bankruptcy |
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Msg ID:
2802165 |
one union troll (NT) +0/-0
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Author:talking to himself. lol
1/3/2024 2:57:23 PM
Reply to: 2802109
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Msg ID:
2802400 |
Scraps is all that is +0/-1
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Author:A joke after taxes
1/6/2024 7:55:37 PM
Reply to: 2802030
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Yeah in 4 years you could be at a major airline and set to make 300k for the rest of your career and you losers are excited about little retention bonuses. |
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Msg ID:
2802441 |
when trolls collide (NT) +1/-0
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Author:lol
1/7/2024 2:44:01 PM
Reply to: 2802400
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