We have been informed that the CER for the CTMP expansion did not go to the Board yesterday but will in fact be presented to the Board next week. The President of Local 686 and myself have been asked to attend a meeting in Nanaimo next Tuesday to go over the CER before it is given to the Board. Ron Buchhorn did assure us that this should have no impact on the implementation dates for the retirement packages.
Pete Rayburn
Pete,
ReplyDeleteAre we to understand that these Enhanced Retirement Packages were already offered with or without a vote on this agreement?If this is the case,then why was it passed off like a part of the agreement?
This would've greatly affected the outcome of the vote.Please explain?
(CEP 592)Member.
I'm not sure quite what you are asking but I'll try and answer to the best of my knowledge. In short, no, the enhanced packages were not already offered without a vote on the agreement. The packages were a part of the agreement provided the membership voted for it, which they did.
ReplyDeleteI think what's causing some confusion is that it went to the board before we voted for I guess a kind of pre-approval. Now, the CER has to be finalized and then signed off by the board. Ron Buchhorn has said that this will not be a problem so implementation dates should not be impacted by the delay.
Pete,
ReplyDeleteAre the retirement packages(55+ after Dec.31,2007);if any;offered after enhanced severances going to be given out the same way as these severances;by seniority?
Example:-Employee #1 turns 55 years old June 1,2008 but has 25 years sniority;Employee #2 turns 55 years old Dec.1,2009 and has 35 years seniority.Thus when Jan.1,2008 came and went employee #2 clearly beats out employee #1 in seniority.Does seniority prevail?Does employee #2 get first offer?
(CEP 592)Member.
The enhanced severances will be offered by seniority to everyone in Local 592. If there is any funds remaining after the enhanced severances they will be offered as retirement packages to the first person who has turned 55 in January 2008 and then to the next person until there are no funds remaining. Hope this answers your question. The cost of a retirement package for employee #2 (in your example) would be astronomical and we only have so much money to work with.
ReplyDeleteAny updates or time lines to report on CER and BOD meeting,s outcome . Dennis & Rick curoius in Port Angeles.
ReplyDeleteWe are hoping to hear early next week from the Board of Directors on the approval of the CER. We have no reason to believe that it won't be approved. Roy Plotniko and myself are involved in a conference call this afternoon on the current status of the CER.
ReplyDeleteWhy did this not go to the board FIRST as we were told. Now we have a bunch of very pissed of employees.We were continually been told that " don't worry about it, its just a rubber stamp.Well now its all up in the air again. How many times are we expected to take this roller coaster ride. Many members have all ready made substancial financial comitments to RRSP etc.Now we are to be hung out to dry. Buckhorn has proved again that he is in fact a liar,and has no idea what is happening in this company.Makes me want to go out there and bust my ass. As far as I am concerned this company is doomed to failure.
ReplyDelete