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Old 12-17-2020 | 04:15 PM
  #10193  
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Gets Weekends Off
 
Joined: Mar 2020
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Originally Posted by feltf4
im not up on finance like everyone here is. But doesn’t that company need to be profitable to give out profit sharing?
Exactly. It costs the company absolutely nothing until profits start coming back in. Basically an I owe you for giving them what they want. We couldn’t get PS when the company was printing money. They unilaterally changed it to ensure we don’t ever see it again. But now we can’t get it when we are bleeding money and it costs them nothing? Historically, good PS formulas were agreed to in bad times when it didn’t cost the company anything. If there was ever an opportunity for us to get it, it’s now, when the company wants something we control (AA CBA relief) that will cost them nothing, in order to get something we want. But, just like 3 years ago, we asked, they said no.
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