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BARGAINING
UPDATE NEGOTIATIONS
BETWEEN IBEW LOCAL 2304 AND MG&E June 12, 2006
Dear Sisters and Brothers,
The
The parties will meet again next Monday and we have Tuesday scheduled if that becomes necessary. The current Labor Agreement was extended until midnight Tuesday, June 20, 2006.
The Employer remains committed to a defined contribution plan in the form of a 401(k) plan for new hires to which the Employer contributes 6% of payroll. By comparison outside line construction workers receive 25% contributions and line clearance tree trimmers receive 12.5% to their pension funds – they each also receive an additional 3% contribution to the IBEW International’s pension plan. Defined Benefit pension plans like ours are under attack across the country and MGE has decided to jump on the corporate and anti-worker politician’s bandwagon. It will take all of us, united, to protect our collective future. We will know more next Monday about what kind of company MGE intends to be – one committed to a future, stable labor force or a revolving-door abandonment of our community.
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