Quote:
Originally Posted by forkspoon  Funny thing about givebacks, everyone is against them. At CF everyone was against a giveback.....until they closed the doors. Most of us lost in 3 years ( through the great Union progression payscale) what would have taken 10+ with a giveback. Hope they dont ask and hope you dont have to give. |
ESOP never worked...and its history shows. R-14 told us what happens.
Every company that got an ESOP is GONE....those that thought they were doing the "right thing" by helping the company out in a bad situation got screwed...and the higher ups got theirs. It took many years before some got a little back....very little. The IBT did you newbees a favor by getting that crap article out of the NMFA.
Now when companies spend hard earned freight revenue dollars on racing teams and golfer contracts, while employees are sitting at home laid off, you would want to "give back" to them?....&^$^%#$*^
Lets say you give back 15%...then you see the same dummys, making the same mistakes and mismanagement that got them in the same jam that caused the ESOP to take over...AND THEY STILL WENT OUT OF BUSINESS!
It never worked...and it never will....KK