I just thought of something extremely important...
Now that the Twinkie is roasting in Hell, does that mean I have to give up my favourite nickname for the dear departed Twinfist?
Only if/when people forget the reference
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I just thought of something extremely important...
Now that the Twinkie is roasting in Hell, does that mean I have to give up my favourite nickname for the dear departed Twinfist?
Only if/when people forget the reference
And I am still waiting for someone to explain to me where the money comes from ... :tap tap tap ... hello ... surely someone must know:.
In 2005 before concessions I made $48,000, last year I made $34,000. My pay changed dramatically but at least I was still contributing to my self-funded pension.
In July of 2011 we received a letter from the company. It said that the $3+ per hour that we as a Union contribute to the pension was going to be 'borrowed' by the company until they could be profitable again. Then they would pay it all back. The Union was notified of this the same time and method as the individual members. No contact from the company to the Union on a national level.
This money will never be paid back. The company filed for bankruptcy and the judge ruled that the $3+ per hour was a debt the company couldn't repay. The Union continued to work despite this theft of our self-funded pension contributions for over a year. I consider this money stolen. No other word in the English language describes what they have done to this money.
After securing our hourly cash from the bankruptcy judge they set out on getting approval to force a new contract on us. They had already refused to negotiate outside of court. They received approval from the judge to impose the contract then turned it over to the Union for a vote. You read that right, they got it approved by the judge before ever showing to the Union.
What was this last/best/final offer? You'd never know by watching the main stream media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.
Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.
Frankly, if my boss came to me and told me I was going to take a 50% pay cut over seven years, I'd quit too.
Hush, you guys. It's the union's fault! Don't let facts get in the way of a good rant!
I believe it was both:
http://www.businessinsider.com/how-workers-and-management-both-caused-the-fall-of-hostess-2012-11
However, what difference does it make? The jobs are gone now. The union did not 'win' if the employees are now unemployed. Blame it on management? OK. Blame it on the CEO? Fine. Now tell me how that pays for the employees' mortgages and car payments and how it buys groceries.
Everybody was to blame, everybody lost. All that matters to the employees is that they have no jobs.
$0.94 per biweekly paycheck from the union members.
And what kind of jobs will they have in the future?
I think perhaps you mistook the direction of my question, CD . I obviously know how unions are funded - what I was saying is that with a membership of only 80k (and so an income for the union of about $1.9M), those Union leader salaries were awfully large ...
... so either the figures are wrong, they have been dipping into resources from times past or there is money coming in from elsewhere. I was curious to know which of those was the one.
I think perhaps you mistook the direction of my question, CD . I obviously know how unions are funded - what I was saying is that with a membership of only 80k (and so an income for the union of about $1.9M), those Union leader salaries were awfully large ...
... so either the figures are wrong, they have been dipping into resources from times past or there is money coming in from elsewhere. I was curious to know which of those was the one.
I don't know. But I know what kind of jobs they got when the company folded, which is none.
Union dues for the BCTWGM local #85, in California, are ~$17.50 per month. Assuming that's representative of the rest of the locals, those salaries are about 10% of the annual union dues. There's no real need to draw on other resources.