Lear70
JAFFO
- Joined
- Oct 17, 2003
- Posts
- 7,487
What's a VC? If this is the kind of "information" you have about our company, then I'm not surprised you're misinformed.Your lack of general accounting is embarrassing. Your current raises increase AT costs enough to wipe out your best year's (2009) net profit. That increase in cost is per year. Call your union, or better yet just call your VC, or just call PCL.
The information I posted came directly from the NC during a road show about 10 days ago. $50 Million 1st year increase, $140 Million over the 5 year duration. The $140 Million increase in cost is NOT per year. Get educated.
Well, you know what they say about opinions...Your current TA raises are just a carrot to get you guys to play nice until we finish buying you. Nothing more. If we don't buy you. Your TA rates will not be the rates you live with, your company cannot afford those rates. You will be asked to give them back.
JMHO of course!