Posted 4 years ago on Aug. 6, 2012, 10:07 p.m. EST by myows
This content is user submitted and not an official statement
Prosperous companies demanding major givebacks of their workers. This is becoming a disturbing trend that's going to end with all of our children working for min wage and no benefits. Caterpillar is a prosperous company, as a matter of fact it's kicking ass, but that does not seem to stop the corporate suits from demanding major givebacks of the employees. Pay freezes, pension freezes, it's all fair game. The Caterpillar employees are on strike right now rather than sell future generations down the river.
There was just a one month lockout at Con Edison, another prosperous company, where the 11 million dollar a year CEO locked out 8500 employees and immediately canceled their health insurance! Their stock was at an all time high but the executives still wanted givebacks related to pensions, healthcare, and other things.. Governor Cuomo had to step into the negotiations to get them back to work.
Verizon is reportedly very close to locking out it's 45,000 employees.The company is a money making machine. The top 5 executives have been paid 350 million dollars over the past 5 years yet they are demanding everything under the sun back from the employees. Pensions, healthcare, sicktime, overtime etc.... And they are sending lots of American jobs to India and the Philippines.
Where does this end? I am trying to figure out if people are generally unaware of this or are they aware but just don;t care? I don't see too much outrage over this.