Originally Posted by
Hornet1
I have been trying to wrap my small brain around the PS change. As I understand it it is a one for one swap of PS for fixed pay at 100%. Meaning in no scenario are we going to be paid less if the TA passes than if it doesn't. If you are saying that our pay raise of 8/0/3/3 is not enough I understand (and agree with you) but exchanging 5.74% max profit sharing for 5.74% fixed pay going forward is not a "loss" of PS it actually locks it in every year going forward.
Now, I have a long list of issues with this TA and likely voting no but please help me understand why this change in the way we get paid is bad.
So lets assume it is a one for one swap. The remaining portion of the raise barely keeps up with inflation going forward. Not to mention that you are 'funding' your own raise. The company is not coming off anything in the era of 5B+ profits. That's my biggest beef with the pay. If they want to lower PS, OK, but come up with some cash for it. Like 10/8/6/6 maybe. At least that is a real raise with inflation factored in.