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fAcEtIOUs
Premium
join:2002-03-03
kudos:4

reply to aaronwt

Re: they caved

said by aaronwt:

said by footballdude:

Ten percent raise and fully paid health care. Verizon folded like a house of cards.
That's 10.5% over 3 years. Not very much. Only 3.5% a year.
The inflation rate is higher than that.
And the union sold out new employees as I said they would( »And here is the company's leverage ):
»www.newsday.com/services/newspap···50.story
But workers hired after Aug. 2 will be required to contribute to their retirement health care, and the amount of Verizon's contributions will be subject to future contract negotiations.

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jc100

join:2002-04-10

Nothing wrong with that. It protects existing workers, while helping to offset costs in the future. It's a win for both sides in some sense, and a loss in others. You can't always have your cake and ice cream too. Companies have bottom lines, stock holders, and profit margins. A company has to balance this out with what they pay and contribute to workers. As let's face it, hard numbers aren't profits. If your company takes in X number (lets give an example 8 billion. 5 or 6 of that might be operating costs. Such costs might include worker pay, benefits, network upgrades, future build out, profits to stock holders, etc etc. So the company then is left with their profit margin of 2-3 billion in this example (not a real number) to play with. As we know, profits can go either way. Companies HAVE to put some aside for rainy days, in case fortunes turn. It's only common sense. This coming from someone who is extremely pro union. More or less its a negotiation and balancing act for both sides and costs.



supergirl

join:2007-03-20
Pensacola, FL

reply to fAcEtIOUs
I said that myself. They'd sell out the new employees to save their own skins. Nice union solidarity, huh? "I was hired on August 3 and got screwed!"

Well, you don't have to be a union employee. All you have to pay is their "bargaining" costs, which a Judge in Michigan nailed the UAW with about a couple of years ago. He found 75-80% of union dues went to political purposes.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl


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