Originally Posted by
blockplus
The profit share progam is pre diluted anyway. It isn't equally divided among participating groups. The share is derived by taking the monies and dividing among each non excluded management group. Each emploee group covered by collective barganing agreements not included in ps will have thier share set aside, and it will be given back to the company. In other words if it isnt in your contract the company uses it to pay your salary.
The fa ps inclusion is very reminiscent of another group that had profit sharing given to them. The bottom of the announcement says lua fa's are seeking to resolve some disagreements to the fa benefit. Is this to stop a lawsuit or grevance?
That's the same line of B.S. that the LCAL side gave when they were given profit sharing without negotiating it.
We grieved it and won…so no, it's not "pre diluted".
And no, they should not get profit sharing if it's not in their contract.
We can't just have special groups given more than what they negotiated while leaving out the other "co-workers".