Originally Posted by
IAV84DAL
They do indeed. Is your point that its good because they have it?
A couple of points
1. Its in the corporate by laws not their contract. They get it whether they like it or not. Current management holds it over their heads. To paraphrase one of my several "A" friends there: We demand a pay raise, management counters by implying profit sharing makes up for less in pay rates.
2. Its capped to IRS limits. I'll never make enough for this to matter but for many of them 9.8% (this year) puts a number of their A's into the cap and they get cutoff.
We're all about to get a very big check. The question we should be asking ourselves is why is it in managements interest to pay us a Valentines Day bonus and not a bi-monthly check??
Not my point at all. In your original post you said something like we need to forget about profit sharing and get SWA like pay rates. I was pointing out that they have the rates and profit sharing. I don't have the time or desire to go back and find the post.
My opinion only, but I would like a contract negotiated in the current company economic environment that doesn't require me to give up something I've already paid for in order to get pay rates that are commensurate with what the company is currently making and repaying us for a portion of what we have given.
If after section 6 negotiations the company wants to come back to us and pay us a certain percentage above the then current contract then let the union vote on it and if it passes then we get more on top.
I don't like it hidden as "If we didn't give it up then our pay raises would have been smaller".