They want a 40% increase. They want retiree medical. They want to reinstate the old pension plan. They want 32 hr work weeks. They already get stock and profit sharing.
I'm moving to Detroit!
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Inflated executive salaries AND they run the company into the ground.
They can make such a staggering amount of money in such a short amount of time that their personal interests are not aligned with the long term health of the company.
I am a Union agnostic but, when I see executives making 10's of millions a year, in appointed positions, I am finding myself agreeing with the strikers. Heck, DA's increase in compensation in 1 year was greater than my entire career earnings as an electrical engineer.
I do not begrudge the wealth of Musk, Bezos, Zuckerberg, or any other business creator that started something from nothing. However these appointed executives earning these levels of compensation is just flat out wrong. It shows a severe lack of empathy with those that do the profitable work. I thank God that I only have a little time till retirement.
I don't know. The Union is seeking 40% wage increase over 4 years. That amount is based on the amount their CEO's compensation has risen over the last 4 years. That seems like a pretty reasonable opening bargaining position to me. Of course, they won't get all they are asking for, but that is what negotiations are for. Not really a red or blue issue that people here are making it out to be.
@1jgq
There is nothing stooping them from relocating today. Labor is already much less expensive. The reasons they stay are not tied to labor costs.
Even if they win this, I know how corporate America is. They'll relocate you to Mexico or some other country. Your victory will be short-lived.
You'll work yourself right out of a job. Be like Custer's last stand. You think about all the countries they could go to where they don't have to deal with a union. The Golden age of the Union is over.
Those workers deserve every penny that they are asking for. At least until we start seeing CEO pay raises stagnate the way worker pay has stagnated for the past 30 years.
And if they get a portion of what they want, then they proved that they are better men than most of cowering Honeywell employees that complain on here of how unfair they are treated, but somehow think that standing up for themselves is communist.
Completely in bed with government. Literally a honeywell core value.
Fair play. The only politics here is that corporations have bought out the government and increasingly allowed employees to get robbed more and more every year.
Furlough abuse, vested 401k's, cr@p health insurance, at will contracts, one way financial penalties, the list goes on and on all this whilst executive pay and bonus is the highest it has ever been relative to the average employees salary.
It was recently mentioned on here that VK earns minimum 700x the average Honeywell employees salary if you include his bonuses......which are earned by squeezing you even harder!!! Time to stand up for ourselves!
Put the red cap down and step away. There is nothing wrong with workers demanding to be treated like human beings and fairly compensated for the products that their labor produces.
Why should workers just accept a constantly decreasing quality of life just so that a handful of investors can make unsustainable, perpetual profits?