Originally Posted by
80ktsClamp
Thankfully, we won't be hit by the brilliant move of reducing profit sharing on our TA until the next year.
Not exactly true.
We might have taken a big hit on the profit sharing for this year. Depends on the level of profits.
Read the fine print.
We still get the 15% this year but the 20% doesn't kick in until profits reach $2.5 billion.
It used to start at $1.5 billion in the previous contract.
It will be interesting to see how much we gave back with that item.
It will be REALLY interesting in 2013 when the 15% drops to 10%.
That little detail could cancel out our entire 4,8,3,3 "raise".
It's OK though. We brilliantly negotiated to work more hours each month to make up the loss.