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#1
12-20-2005, 11:51 PM
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Re: Walking the Picket Line
[ QUOTE ]
I know from working on GM and Delphi debt deals that excessive union concessions can bankrupt a company. Watched the companies debt go to junk, defaulted on benefits and pension, laid of all the workers anyway. [/ QUOTE ] This is a government agency that ran a 1 billion dollar surplus last year. 
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#2
12-21-2005, 12:20 AM
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Re: Walking the Picket Line
They also had a rate hike and part of the money comes from taxes. So you could easily say the surplus money should go towards rate reductions rather then pay increases.
What is comes down to is whether the contract benefits are justified for the work being done. I know from my grandfathers experience it is [censored] work and you should be compensated for that, but I also recognize that being able to retire at 50 or 55 with 3/4 salary and benefits for live is way better then like 90% of the country.
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#3
12-21-2005, 04:25 AM
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Re: Walking the Picket Line
whether the strike turns out to be "justified" likely will have a lot to do with how replacable the employees are (economically and politically speaking).
I feel bad for the workers, but frankly this is a pretty inefficent machine, and if they clear a large part of their workforce they could likely do away with a lot of the crap, especially the crap that builds up with sucha massive pension plan.
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#4
12-21-2005, 04:12 PM
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Re: Walking the Picket Line
[ QUOTE ]
This is a government agency that ran a 1 billion dollar surplus last year. [/ QUOTE ] So the answer is to charge the customer less, not give tha already-overpaid union jackassses more.
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