Our members are voting on a new contract tomorrow after 13 long years. The company gave us the “highlights” and have been running radio ads and only telling reporters the hood stuff obviously. The “34%” breaks down to 6, 3, 3, and 4% wage increase each year. They’ve added a MAXIMUM cost of living raise at 2.5% each year, and changed our variable 0-6% bonus to a guaranteed 2%. The past few years we got 0-2% because the company kept buying other businesses which tanked the metrics they use to calculate our bonus. They’re still in the red because they’re paying off all the massive loans they took out to make those acquisitions, which they’ve also refinanced multiple times and now pay 2-3x the interest.
Meanwhile, the CEO makes $11+ million and all other VPs and c-suites make about 100k/month.
Excited for this strike.