Posts Tagged ‘pension’

For many Wisconsin teachers, school’s out all too early

Students celebrate the last day of school as the end of homework and the start of summer. But for many teachers across Wisconsin, where Gov. Scott Walker’s attacks on public employees are still in full swing, the end of this school year may also be the beginning of an early retirement.

More than 130 teachers in Madison and its surrounding counties will be retiring this June-a retirement rate that’s 62 percent higher than the average from the past five years. Of course, it’s not just teachers who find their retirement on the line. The number of Wisconsin public employees that have filed for retirement in 2011 is up nearly 80 percent over the same period last year. Read more »

 

Pensions: A good investment for workers and their communities

As state governments and local municipalities grapple with serious budget challenges, pension critics are taking the opportunity to push for substantial cuts and wholesale elimination of defined benefit retirement systems. To hear them say it, pensions impose only costs – but that’s simply not the case. As our new research demonstrates, private and public pension funds help drive the economies of communities through investments that, in addition to producing solid returns, create good jobs.
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Back in business: Mott’s summer-long strike comes to an end

UFCW logoSince May, 305 Mott’s factory workers in Williamson, NY have been on strike to protect their wages and pension plans. And on Monday, they were able to put down their signs for the first time in three-and-a-half months. The strike is finally over. Read more »

 

Mott’s: rotting away workers’ rights

courtesy UFCWMott’s apples have a giant worm wriggling around in them.

Despite the fact that the juice and apple sauce manufacturer’s parent company, Dr. Pepper Snapple, has seen its stocks rise an astonishing 180 percent since March 2009, they’re trying to slash their workers’ wages and take away pension plans.

Over 300 workers from Mott’s Williamson, NY plant have already been on strike for over a month. And if an agreement between the workers and management is not reached by the end of the summer, and the factory reopens to full capacity, hundreds of local apple farmers will be left without a buyer. Their fruit, and income, will rot away on the trees.

Mott’s is doing better than ever. In spite of the recession they managed to earn $555 million dollars last year. Since business is so sweet, why do the heads of the corporation need to sour it by cutting workers’ wages by as much as $2.50 an hour? There are some companies out there that are financially distressed and need to decrease wages as a way to stay afloat.  If last year’s stocks and earnings are any indicator, Mott’s is certainly not one of them.

Take action!  Tell Dr. Pepper Snapple President Larry D. Young that Mott’s workers deserve better!