I have a REAL problem with the length of the wage reductions. I can understand the 18 month pension reduction to get us through a tough economy, but 15% pay cut until April 2013 with No COLA? NO WAY! If thes guys were serious about sacrifice than how about the wage cut ends when the pension deferral ends? The economy WILL turn around and YRCW stock will climb from $1.50 to much higher levels. Corporate will all collect performance bonuses and more stock options while we work for lower wages than the non-union LTLs. Fair is fair. I can't see ANY reason why we need to accept language into the NMFA to reduce " a fair day's pay for a fair day's work". Our union was founded on this concept and our leaders should NEVER have agreed to a 15% wage reduction for 3 and a half years. That is the most important FACT to remember when voting. Your pension contribution does not pay your monthly bills, put food on the table, or pay for gasoline to get to work. When the economy rebounds we WILL see gasoline return to $4.00 a gallon. Read this.
http://www.joc.com/node/411421
UPS Freight "city drivers" earned about $21 per hour prior to the agreement. Under the contract, the city drivers will receive wage increases of about 35 cents per hour in 2008, 70 cents per hour in 2009, 75 cents per hour in 2010, 80 cents per hour in 2011, 85 cents per hour in 2012, and 90 cents per hour in 2013.
Stable Health Care Premium Contributions
Workers will receive health care coverage under the new United Parcel Service Health & Welfare Package Select, the company's self-insured plan with benefits similar, or better than, benefits provided under the previous health care plan, according to the union.
For the life of the contract, workers will contribute a fixed amount monthly to the cost of the health care premiums at $50 for single coverage, $100 for couples coverage, and $150 for family coverage. Retirees who will receive health benefits under the plan will pay $250 per month for individual coverage and $500 per month for couples coverage.
Similarly, UPS Freight employees represented by IBT will be covered by a company-managed pension plan, known as UPS Pension Plan. The benefits are similar to those that were offered under the previous plan, and no contributions from the employees for the plan are required.
