Wednesday, December 24, 2008

Seattle Times to freeze non-union pensions

Seattle Post-Intelligencer has the details.


Anonymous said...

Does anyone know what percentage of the employees are non-union? Headlines like this, and another about forced unpaid leave seems unfair to non-union employees. I don't quite understand how this works.

Article excerpt:
The McClatchy Co. owns a 49.5 percent stake in The Times Co. That stake has lost most of its carrying value and is [now worth $7.94 million,] compared with [$102.2 million in 2006], according to filings with the Securities and Exchange Commission.

Kevin Gregory said...

Good question, I'll throw it out there.

Anonymous said...

Kind of leaves me thinking that maybe it was not such a good idea to cross the picket lines and take the jobs of the union workers that were getting kicked out. Large numbers of the people being laid off right now are the very people that benefited from the anti-union activities of the past 30 years.

I'm sorry as hell, but I am just not finding a whole lot of sympathy for these folks. I was there when they were begged to stand with their fellow employees in production. They were much too important for that.