Thursday, February 25, 2010

Severance Negotiations Conclusion

Severance Negotiations Conclusion

Sunday, February 21, 2010

Severance Negotiations Update

After four meetings with the company, there are no agreements for severance. I really can't go into detail here on the blog because management reads this blog more than the employees.

I will say that we are following the members instructions on how to proceed.

Meetings are scheduled to continue on February 25th and 26th.

We have close to a dozen pending grievances with approximately 6 of them ready to go to arbitration. Our Attorney, Adam Stern and the Company Attorney have begun the selection process from a list of arbitrators provided by the Federal Mediation Service after the company rejected a list of 7 arbitrators they requested we send them.
This could have been completed at our last meeting in a matter of minutes, and have selected an arbitrator, but the company is chosing a process that is only meant to cause delay.

The company feels they will prevail in these grievances and so do we; and that is why we have made the company fully aware of the fact that the membership, (including many of the departing 39) are willing to go to arbitration if their brothers and sisters being laid off aren't recognized equally to others being laid off. Solidarity is the key, and I'm am glad to see that managements actions are uniting our shops at an increasing rate.

In Solidarity,
Ronnie Pineda
President,
GCC/IBT Local140N

(Artwork by TheeArtist, Ronnie Pineda, Titled:"The Grind"  Click to enlarge

Enough is Enough!


We recently learned that the Senate and the White House cut a last-minute deal with obstructionist Republicans to approve some of President Obama’s nominees. But guess who was left out of the deal? Yup, that’s right: working people.

Craig Becker and Mark Pearce, highly respected labor lawyers whom President Obama nominated for seats on the National Labor Relations Board (NLRB), weren’t included in the deal. Meanwhile, the NLRB, tasked with protecting American workers’ rights, has been handicapped with vacancies for the past two years.

Enough is enough. Call the Democratic Party headquarters today and demand that President Obama fight Republican obstructionism and use his executive power to appoint Craig Becker and Mark Pearce to the NLRB during the Presidents Day recess.

Call the Democratic Party headquarters NOW: (800) 705-7083.

Becker already has received majority backing in the Senate and both won committee support, but the Republican minority has continually blocked their appointments. America’s working people are getting short shrift and it’s past time to do something about it. Workers need an NLRB that can enforce the National Labor Relations Act and protect workers' rights—not an NLRB handicapped by vacancies.

In solidarity,
Richard L. Trumka
AFL-CIO President

Thursday, February 04, 2010

Judge Approves Tribune Co. Bonuses

Staff and wire report
1:56 PM CST, January 27, 2010

A bankruptcy judge in Delaware on Wednesday approved a contested $45.6 million Tribune Co. bonus pool to be divided among a group of 720 managers and executives throughout the company.

The move comes after the Chicago-based media conglomerate last week asked U.S. Bankruptcy Court Judge Kevin Carey to consider the management bonuses separately from two other proposed bonus plans in hopes that the company could distribute checks as early as next month.

The Washington-Baltimore Newspaper Guild and the U.S. Bankruptcy Trustee have objected to all three bonus plans. Carey overruled the objections in this instance but has yet to rule on the other two plans, which would deliver another $21.4 million to Tribune Co. top executives.

Bill Salganik, a past guild president and a member of a committee representing unsecured creditors in Tribune Co.'s bankruptcy, said the unions are glad the judge reserved judgment on what he called the two 'big bucks" bonus plans. But "we still think the so-called annual bonuses are too high," he said.

Tribune Co. has argued the incentives the judge passed are necessary to motivate and reward the employees included in the bonus pools as well as make the media conglomerate's compensation plans competitive with the rest of the industry. Moreover, the plan approved by the judge has been in place for years in one form or another, the company has said.

But the union has countered with several points. First, only a small percentage of Tribune Co. employees are included in the bonus pools. Second, while the bonus plan has existed for years, it was altered by current management to be more generous, despite the company's weak performance and continuing bankruptcy. In a strong year like 2008, for instance, Tribune Co. paid out $13.4 million in bonuses, or roughly 1.3 percent of cash flow, the union has argued. This year, it will pay $45.6 million, or almost 10 percent of cash flow.

"There has never been a (plan) like this one: an unprecedented payout of millions of dollars to a smaller number of executives during a year in which employee salaries were frozen "to share the sacrifice" and there was an historic low in operating cash flow," the guild argued in its objection.

Tribune Co., which owns the Chicago Tribune, WGN-Ch. 9 and other media properties, sought bankruptcy protection in December 2008 because of dwindling advertising revenue and a $13 billion debt load incurred when billionaire investor Sam Zell took the company private a year earlier.

In July, Tribune Co. petitioned the U.S. Bankruptcy Court for permission to pay out bonuses through three performance-based plans. The largest in dollar amount was the company's normal incentive bonus plan for top and middle managers. But the other two would pay much more per capita to a group of about 20 top managers, who are also included in the first plan.

Tribune Co. originally requested that Carey rule on all three plans together. On the same day last week that the company said it was willing to have the court "bifurcate" its ruling so the bonuses for the larger group of recipients might be expedited, Tribune Co. Chief Executive Randy Michaels informed employees that the company had generated cash flow of nearly $500 million during 2009 "thanks to a stronger-than-expected performance by both the broadcasting and publishing groups in the fourth quarter."

A Tribune Co. spokesman said at the time that this meant cash flow exceeded the original plan by 200 percent, meaning bonuses for the group of 720 would come in at a maximum of $45.6 million, if approved. The unexpectedly strong results were largely due to a year of aggressive cost cutting, including layoffs, but Michaels' note also said that lower newsprint costs and a slightly better economy helped.

A Tribune spokesman said the company would have no comment on the bonuses.

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