AC management takes another pay cut
Jun 1, 2004, 3:04 pm
#1
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AC management takes another pay cut
From the Daily:
" In a letter sent yesterday to all management and A&TS employees, Robert stated that despite the significant pay cuts and headcount reductions (22%) implemented within these groups last year, more needed to be done to fill in the gap of $16.4 million of unrealized labour cost savings for non-unionized employees. To meet this target, the non-unionized headcount will be reduced by over 250 positions at the mainline between now and the end of the year. Furthermore, effective July 1, Roberts salary will be reduced by an additional 5% (for 20% in total), while all other executives and senior management of Air Canada and its subsidiaries will take an additional 2.5% reduction (7.5% in total). No further salary reductions are intended for other management and A&TS staff beyond what was taken last year (1.5-5%). The letter is available on Aeronet and www.achorizons.ca."
" In a letter sent yesterday to all management and A&TS employees, Robert stated that despite the significant pay cuts and headcount reductions (22%) implemented within these groups last year, more needed to be done to fill in the gap of $16.4 million of unrealized labour cost savings for non-unionized employees. To meet this target, the non-unionized headcount will be reduced by over 250 positions at the mainline between now and the end of the year. Furthermore, effective July 1, Roberts salary will be reduced by an additional 5% (for 20% in total), while all other executives and senior management of Air Canada and its subsidiaries will take an additional 2.5% reduction (7.5% in total). No further salary reductions are intended for other management and A&TS staff beyond what was taken last year (1.5-5%). The letter is available on Aeronet and www.achorizons.ca."
Jun 1, 2004, 3:34 pm
#2
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Location: oakville Ontario canada;AC*SE
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Originally Posted by airbus320
From the Daily:
" In a letter sent yesterday to all management and A&TS employees, Robert stated that despite the significant pay cuts and headcount reductions (22%) implemented within these groups last year, more needed to be done to fill in the gap of $16.4 million of unrealized labour cost savings for non-unionized employees. To meet this target, the non-unionized headcount will be reduced by over 250 positions at the mainline between now and the end of the year. Furthermore, effective July 1, Roberts salary will be reduced by an additional 5% (for 20% in total), while all other executives and senior management of Air Canada and its subsidiaries will take an additional 2.5% reduction (7.5% in total). No further salary reductions are intended for other management and A&TS staff beyond what was taken last year (1.5-5%). The letter is available on Aeronet and www.achorizons.ca."
" In a letter sent yesterday to all management and A&TS employees, Robert stated that despite the significant pay cuts and headcount reductions (22%) implemented within these groups last year, more needed to be done to fill in the gap of $16.4 million of unrealized labour cost savings for non-unionized employees. To meet this target, the non-unionized headcount will be reduced by over 250 positions at the mainline between now and the end of the year. Furthermore, effective July 1, Roberts salary will be reduced by an additional 5% (for 20% in total), while all other executives and senior management of Air Canada and its subsidiaries will take an additional 2.5% reduction (7.5% in total). No further salary reductions are intended for other management and A&TS staff beyond what was taken last year (1.5-5%). The letter is available on Aeronet and www.achorizons.ca."
Jun 1, 2004, 4:18 pm
#6
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Milton along with all of the other management took their first pay cuts back in 2001.
Sort of like doubling the retail price, then having a 40% off sale.
Last edited by Ken hAAmer; Jun 1, 2004 at 4:20 pm
Jun 1, 2004, 4:44 pm
#7
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Originally Posted by neale
Its about time Milton took a pay cut! ^
so tell us please..has your job been done 100% perfect and if not was your salary cut for any errors/mistakes that cost the company money.
And if your employer was in CCAA and asked you to take a cut, would you?
Jun 1, 2004, 5:26 pm
#8
Join Date: Jul 2003
Location: Ontario
Posts: 213
Originally Posted by parnel
so tell us please..has your job been done 100% perfect and if not was your salary cut for any errors/mistakes that cost the company money.
And if your employer was in CCAA and asked you to take a cut, would you?
And if your employer was in CCAA and asked you to take a cut, would you?
Also, compare other airline CEO's against Milton, I believe that in during rough times some american CEO's actually forfitted some of their salary and cancelled bonuses (except Cartey) to improve moral, and to help return to financial properity. If i do recall Milton up until last year was still taking bonuses, although slightly discounted.
Jun 1, 2004, 6:32 pm
#9
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Originally Posted by neale
i was just saying that he has a very high salary it was 4mil a year i believe, and all he has done has run Air Canada into the ground. He has turned most of the employees against him, and made employee moral very low, thus making him not liked within the airline.
Also, compare other airline CEO's against Milton, I believe that in during rough times some american CEO's actually forfitted some of their salary and cancelled bonuses (except Cartey) to improve moral, and to help return to financial properity. If i do recall Milton up until last year was still taking bonuses, although slightly discounted.
Also, compare other airline CEO's against Milton, I believe that in during rough times some american CEO's actually forfitted some of their salary and cancelled bonuses (except Cartey) to improve moral, and to help return to financial properity. If i do recall Milton up until last year was still taking bonuses, although slightly discounted.
Show me where he makes $4mm and show me proof he ran the airline into the ground.
Show me where he demoralized the employees versus what the unions did to their members.
Get your facts straight and then argue your point.
Last edited by parnel; Jun 1, 2004 at 6:34 pm
Jun 1, 2004, 7:24 pm
#10
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Originally Posted by neale
...he has a very high salary it was 4mil a year i believe, ...Milton up until last year was still taking bonuses,....
But then no account of you seeing the right figures would change your mind, would it??
Jun 1, 2004, 9:15 pm
#11
Join Date: Jul 2003
Location: Ontario
Posts: 213
ExAC, Parnel.
The info i got was directly from an AC flightattendant, a family member of mine. I was just saying he has done nothing to imrove the moral of his employees, until now with the free passes. There work has never been credited, only asking for more cuts, without thanks. And up until last year, or the year before, he was one of the highest paid airline CEO's around. I did not meen to sound rude or as a no it all, it was not my intention, I had just stated what i heard.
The info i got was directly from an AC flightattendant, a family member of mine. I was just saying he has done nothing to imrove the moral of his employees, until now with the free passes. There work has never been credited, only asking for more cuts, without thanks. And up until last year, or the year before, he was one of the highest paid airline CEO's around. I did not meen to sound rude or as a no it all, it was not my intention, I had just stated what i heard.
Jun 1, 2004, 10:46 pm
#13
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Originally Posted by neale
The info i got was directly from an AC flightattendant, a family member of mine.
Well according to the Air Canada filing of Form 28 (July 2, 2003 is the latest available), Mr Milton's Salary for 2002 is $1,073,000; 2001 - $1,086,667, and 2000 - $1,600,000 including the $600,000 bonus. Options can be excluded as compensation because Robert donated all proceeds from the sale of said options to Dreams Take Flight. ^
Take a look at www.sedar.com for full details.
Last edited by WR Cage; Jun 1, 2004 at 11:06 pm
Jun 2, 2004, 7:08 am
#15
Join Date: Apr 2004
Posts: 221
Originally Posted by neale
ExAC, Parnel.
The info i got was directly from an AC flightattendant, a family member of mine. I was just saying he has done nothing to imrove the moral of his employees, until now with the free passes. There work has never been credited, only asking for more cuts, without thanks. And up until last year, or the year before, he was one of the highest paid airline CEO's around. I did not meen to sound rude or as a no it all, it was not my intention, I had just stated what i heard.
The info i got was directly from an AC flightattendant, a family member of mine. I was just saying he has done nothing to imrove the moral of his employees, until now with the free passes. There work has never been credited, only asking for more cuts, without thanks. And up until last year, or the year before, he was one of the highest paid airline CEO's around. I did not meen to sound rude or as a no it all, it was not my intention, I had just stated what i heard.
I would, however, like to add one point: Everyone plunks the blame on Robert Milton, which is not entirely correct. AC management needs to take the lions share of the blame, not Mr. Milton. There is a culture within the airline where people in positions of power (read management) protect their buddies, no matter what they have done, or how incompetent they may be. In addition, unionized employees, knowing that non-unionized employees have no recourse against them, and that they have thier buddies in management to protect them, have been known to harrass thier non-unionized employees up the wazzo!!! And by harassment, I mean the typical forms of it.. racial, sexual, etc...
You can't blame this on Robert Milton, since he would have to have x-ray vision in order to see all the things going on at all levels. As for thanks, unless one level of management passes it on down the line, the lower level employees will never know if there was any. Robbie might well have intended to express it, but it never got past a certain level.
Like you, this I have from someone who works there..