Originally Posted by
Schwanker
Just out of curiosity, did you find a single person doing Union work proposing to give some up in C2012? Maybe they were and it was my fault for not paying attention.
This time I'm paying attention and asking the question as the info wasn't put out for discussion the last time prior to the TA. You could say I lost some faith in the transparency.
A fixed portion of the profit sharing was traded for a 2% raise. That portion was worth somewhere between 0 and 1.9% depending on profit. It could never be more. The 2% is worth about 2.1% now and will continue to compound in the future.