Well now it’s time to see if the company actually will come to the table and act in good faith and negotiate a decent contract. Or if they’ll continue to say they can’t afford to pay anyone while they have continued to post record breaking profits. It’ll also show if whomever is in office provides a better contract seeing as last negotiation the party in control changed. Let’s try to keep comments clean and on topic hopefully the won’t get deleted like other post in the past.
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There’s a couple of things you are missing.
1) the company themselves have boasted about record profits for the past few years.
2) revenue and profit are two completely different things. Granted you have to have revenue to get profit. But they are NOT the same measures. For instance, if your revenue goes down 5% but you decrease cost (furloughs, equipment “right sizing”, closing yards, etc.) at a rate more than revenue, you can actually increase your profits. That is at its core what PSR does.
1) be selective in your revenue source (customers)
2) cut cost to as thin as possible
3) increase shareholder payouts
ummm...UP is not who we negotiate with....its a coalition of all Class 1s
im glad they furloughed me so i dont have to worry about this s show anymore.... bye railroad..
ARASA contract was probably a practice run.
Can’t do anything for those sitting on the outside but try to get them more money if they are able to get back from furlough @1aol. @1ina Going by what the company says not the numbers they put out according to them they’ve been doing amazing business wise so why would you give concessions? Especially since we’ve given concessions the last few contracts. Saying give concessions to save jobs or yards, that has been proven false when they said the mass furloughs were to save jobs and yards, and they still shut down yards and slashed jobs left and right one after the other every time you turned around.
What about our brothers who lost there jobs, oh wait, we dont actually care for our union brothers. Hahahahahahahahah. Happy Holidays brothers!!!
This comment could have been posted in 2016 or 2011. Come up with some better arguments. What record profits are you talking about? What have they done the last 4 quarters? Do you have any idea or do you just type without thinking? Revenue: Dec 2019 - 5.21B down 9.24%, March 2020 - 5.23B down 2.88%, June 2020 - 4.24B down 24.16%, Sep 2020 - 4.92B down 10.82%. Facts.
We will be asked to take concessions, and it will be justified. Are you willing to take a pay cut in order to keep jobs and yards opens. Don’t like it, get involved in your union.
Whose pay was cut?
Let’s all hope so I think we all deserve a raise. They have been rubbing record profits in our faces while cutting pay and jobs.