Originally Posted by
Gooselives
Fast Facts:
-Union stated company was leaning towards option 2.
-Company now leaning towards option 1.
-Factor in loss of performance bonuses, decreased profit sharing, and loss of back pay from previous signed document company saved millions.
Always winning. Employees never.
Wish they showed more love to their employees!! Be more smiles around the office.
Thanks for the great union communication.
-Low value aviator
They had either option available to them. The union didn’t think that the company would be able to get option one done in thirty days which is why option two (block payout) looked more promising. Apparently the company dusted off an extra abacus or two and got the calculations done and chose option one. It saves them a ton of money which should be a surprise that they wanted to go that route.