Just wondering if anyone knows how much money CWA has in the bank to pay its members. As of today, about 11% of bargained employees have crossed the picket line. So, 1,650 of about 15,000, leaving 13,350 potentially being paid by CWA. At $300 a week that is just over $4M a week. Multiply that by 4 and that is over $16M a month. If this goes on for 4-5 months as I have seen posted here, that is $64M (4 months) and $80M (5 months). I assume that CWA pools the union dues from other districts, I hope but what happens if these funds run out?
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Elsa is that you?
The company made an offer the CWA felt was substandard. If that original offer is the offer still on the table, how long can you go without pay before that offer is no longer a gain? What is the break even point? For example, I offer you a $10k pay increase, but after striking for 3 months you are actually losing money. I understand it is a multi year contract, but at what point does continuing to strike not make fiscal good sense for the members?
It doesn't matter what Stankey has or gets. You aren't getting any more of it than what he already offered to you. It doesn't matter how long you go without pay. That will not change. Are you beginning to understand now?
T doesn’t seem to be budging against D3 unlike the other contracts.
Almost makes you wonder who on the D3 negotiating team has pi---d off the company so much.
From AT&T Dec 05, 2023;
AT&T is on track for 2023 full-year free cash flow of about $16.5 billion.
The company remains confident in its ability to deliver free cash flow of about $16.5 billion this year.
Stankey reiterated the company remains focused on driving incremental efficiencies with an additional $2 billion-plus in savings by mid-2026. This is largely driven by sunsetting legacy products and supporting infrastructure. The company also continues to see benefits from the deployment of AI to better serve customers.
The company remains on track to reduce net debt and to achieve a leverage target of 2.5x net-debt to adjusted EBITDA in the first half of 2025. Additionally, AT&T remains in a strong position to pay for the next two years of debt maturity towers as they come due with cash on hand, given 95% plus of its debt is fixed at an average rate of 4.2% with a weighted average maturity of 16 years.
https://cwa-union.org/sites/default/files/2023-06/2023_dfoc_convention_report.pdf&ved=2ahUKEwikovj-r6qIAxU_jIkEHV-DLEMQFnoECBAQAQ&usg=AOvVaw081h2iMSiOMYLDL8yND-7v
What’s Stankey’s yearly pajama spend and does the company pay for them? I know they pay for his corporate jet, pilots, security detail, company vehicles, chauffeurs, chefs, country club dues, lodging, meals, etc..
How much company money has Stankey spent running all over the country to different sporting events and to the Olympics in Paris?
Not as much money as Stankey spends on his boy toys.
T doesn’t seem to be budging against D3 unlike the other contracts.
No way this goes 4-5 months. Im craft but company is right when they say they've come to multiple agreements this year alone. Union needs to come to an agreement or send a team that can negotiate.
All of it and not a penny more.
Someone a couple weeks ago said a little shy of a half billion. Another said hundreds of millions. So about that I guess.
Just wondering, how much of the 15 billion in profit the company is willing to share with their employees below c-suite? We already know Stankey received a 3 million dollar raise last year. Went from 23 million to 26 million in compensation, 13% for one year!
Company trolling again. 2 billion - I’ll let you figure it out.
We don't need no stinkin bank. We need Football and a Frozen Princess!
Haha. You said “runs out!”
CWA is making bank compared to what it gives union for employees for strike duty.