Originally Posted by kcpasco
These aren't small concessions bieng talked about. Their are some people who have worked at the the company for 30 years and are bieng told they no longer have a pension they have paid into for 30 years.
Meanwhile the CEO is still banking 150k a month.
Not defending the employer, but just to be clear, they are not losing their pensions, the employer is just not paying into them anymore. They get to keep what is already there. I lost my pension plan some 10 years ago, but still have the balance of what was already paid into it. I don't know many people that have pension plans any longer outside of my friends that are teachers or govt employees.