Originally Posted by
Schwanker
The "smartest guys in the room" parroted by others have been telling us trading "at risk" profit sharing 1:1 for guaranteed pay is a win/win. We can't lose!
We've been losing total compensation ever since April 2015 (15 months of losing) because of this trade. The 1 for 1 swap didn't even last 1 contract cycle before we were upside down. Now the traded away profit sharing is gone forever.
Now they want Profit Sharing and 3B4 Concessions?
It is not traded away "forever" or for even one second. You get your PS for payrates trade in your paycheck every time, twice a month, without fail. You act like we would have the current pay rates but with a higher PS payout otherwise. That is not the case. Had we left PS completely untouched in C2012 we would have slightly lower pay rates today.
Let me put it to you this way. What if our pay was zero, and we received our entire compensation via a huge annual PS payout? Then we decided to trade all of the PS away for normal twice monthly paychecks. Have you "lost" anything? Of course not. But then again, neither have you gotten a "raise." It was just a trade.