Originally Posted by
Carl Spackler
There is something huge...it's just false. I'm certain management is filling our guys' heads in closed session with new jets and massive growth...but it has to be done NOW, NOW, NOW!! And the only thing we're asking for is a reduction in your profit sharing.
The reality: Other promises never materialize and profit sharing reductions stay. Union responds by saying profit sharing was "at risk" anyway.
Carl
The only way you can sell a loss in W2 pay is to say you transferred at risk pay to guaranteed pay.
Sure nobody knows the future but I think it's safe to assume if we're not in an economy where we are having profits we will inevitably be in an economy we're we are asked to provide concessions.
So the end result is trading at risk pay for guaranteed pay amounts to taking less W2 whether the economy is good or bad.