When our current contract expires do you think L3 will even offer us a new contract?
If we continue to work when it expires (like we have done in the past) will we have any protection from them not firing all of us and go strictly contractors?
8 replies (most recent on top)
Watch...CTL has a 35,000,000,000 debt..35 billion $$$. At 7% interest only payments would be $2,450,000,000 a year, about 200million a month. Residential, non enterprise business generates under 500 million a year. So we are 2 billion short. That is interest only, no principal pay down.
Toys r us had 8 billion in debt, 32 billion in annual revenue, at 24% gross profit, left them with just enough to pay their interest.
What CTL is doing is needed. I lost my job, but I prepared for by ignoring the promises of the union and simply being responsible for my self. At 60, I can't find another job paying what I make, so In 4 decades I took care of me.
The teamsters cut pensions almost 50%... AFL/CIO & IBEW don't have the resources to guarentee your retirement and the PBGT only guarantees 8%.
Take responsibility for yourself. Invest in you and never trust someone trying to sell you something on reoccuring biweekly payments. Unions are NOT required under current law to report their pension stabilities
Do you have right to work? Why pay dues?
11,000 represented is a lot of turnover in 2 years, yes it is diminishing quickly, but you will still have to deal with the restructure of the current wave of layoffs and the training and fallout for lack of training. They say automation will fix things, but automation is only going to work if the database is error free and up to date. They are still trying to get things right from the Embarq/ Qwest/ mergers. Until they have things right they need manual manipulations to correct things, that's Enterprise, National and Local. That takes people that have some system familiarity and cross system knowledge. Those assets are getting rarer and rarer.
They may go forward and make their cuts regardless thinking the answers are just less people and a magic Easy Button will take care of it all.
I heard contractors saying their companies negotiated for positions within. starting early 2019.
We got screwed by our own union. They allowed CTL to open up early negotiation before the merger. The new amendments to the contract were not in the best interest for craft. All craft got was a 6 month pay bump before the new medical premiums kicked in to take the pay raise away. Are far as pay goes, craft got roughly 5% pay increase over 12 years. We had some power but now CTL owns all the cards. Layoffs only start a timer for when CLT can backfill all craft positions with contractors. Oddly enough, thats when we go back to the table for contract negotiations. No power in a Strike then, workload will be handled by contractors and scabs.
Agree. Union sat by and watched us lose our jobs. B--ched a little but it did no good. If you still have a job in 2020 and want to lose it, go on strike.
We've been working on an expired contract in NFLorida. Take the package! Go on vacation reinvent yourself! Birds up.
That is CTL goal. Our contract is up in 2020 too. However, they will have used the connect america funds and ready to give it up. They will let the union strike and the workers will never come back because they are not needed. They are letting the local rot and push everyone out around 2020. If they offer a package TAKE IT!