Originally Posted by
CaptCoolHand
ok... Not sure about your point? It's the way they calculate the PS. It will be going from 15% to 10%. Change Via Email... oops did we send that?
I'm aware of what PS was a few years ago. I got the $11.73. .02% sent it to the BPF...
They are going to change the system of how they calculate PS. To less.
The union has said, take the free money and holiday pay days did it not?
Take the hourly rate increase.
I simply don't understand the argument against this LOA.
His point is that the 15% is an anomaly, and saying that the 8% is really 3% assumes that the 15% profit sharing would continue. This LOA not only codifies the 10%, which is good, but it also gives an 8% bump in base pay. Sure, if profit sharing were going to be 15% forever, this pay raise would be smaller, but there is never a guarantee with PS.
The company even says that this LOA moves pay from not guaranteed profit sharing to guaranteed base pay. Even if it were 1 for 1, that's a good thing for us.
Yes, it's also a PR move from the company, but so what? We take our 8% and continue negotiating.