Sorry, there was a third thing....You will also be able to roll as much to next year as you want....If you have 5 weeks this year, and you want to roll them to next year, you will be able to do that..
Wait a minute, isn't this one of the reasons why they changed the vacation policy in the first place? According to what we were told, they have to set aside vacation pay, for each employee, to pay their vacation wages for the following year. So they decided to change that, so that those set-aside wages could be used to beef-up our available cash reserves if we need them to operate the company. Right?
So if everyone of us, decided to forgo taking any vacation next year, we could all roll 1-5 weeks of vacation into the next year, (2011), right? So aren't we back to the same accounting problem we have right now? Setting aside vacation wages for the following year?
Looks like a bunch of smoke and mirrors to me. All they are doing is moving debts around on paper. Instead of setting money aside for next years vacations, this year, they are moving those debts to next year. The only way this new plan will solve the problems they are trying to solve, is if everyone takes all of their vacation each year. As soon as we start banking days into the following year, their plan falls apart.
So, all they accomplished, was stealing our vacation wages for next year from us. Since most driver's don't have a degree in accounting, they thought they could pull the wool over our eyes, and get away with it. I still say they need to do the right thing, and buy all of the days, that we would have accumulated this year, from us at the end of the year. They know what they have done is wrong. They need to appologize to us, and make this situation right. They need to use a little honesty and integrity here.