Originally Posted by Check Essential

With regard to the profit sharing:

People are saying it in various ways, but it seems pretty clear that the negotiating committee is not being entirely truthful when they make the statement that there has been no change to profit sharing.

It sure looks like the plan has been changed. There's been a backdoor alteration to the definition of pre-tax income via the settlement of outstanding grievances. By allowing expenses that were previously classified as "extra-ordinary, one-time or non-recurring" to now be counted as ordinary expenses the company is able to reduce the PTIX and thus reduce the profit sharing.

The real problem is where will it end now that we have opened that door? There are all kinds of expenses they could use to reduce our profit sharing payout. Looking at management's past behavior we can be sure they will exploit this new loophole we are providing to the maximum extent possible.
We should be tightening those definitions instead of broadening them.