I did not want to take up too much real estate by quoting Weez's email briefing post, but this is in response to that.
I agree with most of what the negotiator said. I am LAA and would vote no. It sounds like way too many lost jobs to me, and the wage increase is not nearly sufficient especially if they want to raise Medical for LUS. No extra week of VC and 7 holidays does not sound industry leading to me. The loss of Scope is the main issue though. I do not want to see any entire work classifications given up by either side.
The only thing I am not sure I understand correctly is that the person writing the email said money would be left on the table because not all employees would enroll in the 401k. I thought the co proposal was for a contribution and a match. Everyone would get the contribution correct? The match would require a something from the employee, but the contribution should not. All employees would benefit, although employees who contributed fora match would benefit more. The company would have to pay something for every employee though? If I am mistaken please correct me.
It doesn't matter that much to me though. As written I would be voting no.
I agree with NYer that it is good to see this because of the lack of information previously. If the worry is that some would want to rush to a vote, I don't think that would happen if this is what is being offered. We really need more information.