NetJets Averts Pilot Layoffs and Furloughs

 - July 2, 2009, 11:40 AM

A voluntary furlough-mitigation program collaboratively formed in April by NetJets and its pilot union, the NetJets Association of Shared Aircraft Pilots (NJASAP), has averted layoffs and furloughs. “Through innovative and purely voluntary measures, NetJets has been able to align our pilot and other areas of our workforce to match our current owner demand levels,” NetJets chairman and CEO Richard Santulli told AIN. “The voluntary measure process succeeded because of strong employee participation and significant collaboration with [NJASAP]. Because of the success of voluntary measures, we are not planning at this time to right-size our workforce through layoffs or furloughs.” Under the program, union members could choose an early-out option or short- or long-term leaves of absence. Among other solutions offered were voluntary reduced scheduling and a temporary construct allowing crewmembers to receive time off in lieu of pay. According to NJASAP, 165 pilots took the early-out option, which provides them with full benefits and two thirds of their seven-and-seven schedule pay over the next 36 months. About 2,200 of the 2,934 NetJets pilots are participating in the time-off-in-lieu-of-pay plan, 600 opted for voluntary reduced scheduling and 73 chose leaves of absence.