Originally Posted by
gzsg
Fred
Careful what you wish for. If we get 11% of W-2 in profit sharing and then end profit sharing and get an 11% pay increase, we net ZERO!
My point is why should we give up anything?
Management and their lemmings are coming for our profit sharing. They will use it to fund pathetic hourly increases and declare victory again.
I'm with you, if we can get a 40% hourly increase date of signing, profit sharing can go. Does anyone think that will happen?
NO CONCESSIONS
J,
NOPE........I'm not arguing we need to make any concessions.
But, profit sharing has to go! As I said, re-wicker it into other areas i.e. work rules for example that aren't taxable.
Look, we paid down debt (a good thing) but that is money that isn't available for profit sharing. We paid a dividend (an OK thing if you have your stock) but it's money not available for profit sharing. We are buying back stock.........see where I'm going?
As I said, we allowed management to get us into a compensation package they can manipulate and we have to get out from under it. Now is the time!
Ferd
PS Good to see you on here, haven't seen ya since Duke's in HNL
