Posted on 08/19/2012 5:48:46 PM PDT by AmericanSamurai
Escalating tensions over contract negotiations for about 250 workers could disrupt, or even shut down, operations this fall at Oakland's airport and seaport, the fifth-largest container shipping facility in the country.
The Port of Oakland, the agency operating the two public facilities, must rein in rapidly increasing compensation costs. While it projects revenues will increase 9 percent from 2011 to 2015, it forecasts personnel expenditures to climb 30 percent if no action is taken.
Moreover, the agency's pension and retiree health care programs are underfunded by at least $269 million, a staggering sum equal to 5½ years of payroll. It's a debt that must be paid from future revenues.
Leaders of the Service Employees International Union Local 1021 don't care. They are not only unwilling to make concessions, they want raises tied to inflation.
Union spokesman Steve Gilbert dismisses concerns about the retirement debt. "That's something anyone could throw out at any time," he told me. And, "we're not impressed when they talk about these things."
(Excerpt) Read more at insidebayarea.com ...
The rnc needs to hijack Obama’s phrase and leverage it against him.
“When you try ‘spreading the wealth around’ like Obama has done, eventually you run out of other people’s money. And THAT ISN’T A GOOD THING.”
To prevent duplication, please do not alter the published title. Thanks.
No problem, fire the people that go on strike!
My bad, roger that.
...”Thus, a 30-year worker actually receives about 87 percent of top pay in retirement.”
Wow.
unions are anti-american and union “leaders” are a domestic enemy.
If only 250 union idiots can disrupt the commerce at the seaport and airport, then they should just be replaced with NON-union workers who are currently unemployed.
It’s now far beyond the expiration date for labor unions.
They are
1. Lucky to have a job at all
2 Lucky they aren’t getting a pay cut
3. Lucky if it stays the same.
They are
1. Lucky to have a job at all
2 Lucky they aren’t getting a pay cut
3. Lucky if it stays the same.
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