In C2012 we gave profit sharing concessions for pay rates. Yes, permanent profit sharing concessions for temporary pay rates.

Think about this:

We are already losing because of these concessions. We are not currently benefiting from these concessions as our current rates are currently due to a 3B4 increase and not the rates we traded profit sharing for. Our negotiated rates are null and void. The profit sharing concession is already obsolete in our current pay scales, EXCEPT of course we don't get the profit sharing.

Had we not gave away profit sharing, we'd still have our current rates today and the PROFIT SHARING we gave away.

Let's not make this mistake again!