Sign our petition if you want to see good manufacturing jobs stay in the United States; if you want fair trade laws; and if you want America to keep its promise that if you work hard, you can sustain a family and one day retire with dignity.
National Grid is jeopardizing the safety of our communities by locking out 1,100 of its most experienced employees who are critical to ensuring safe and quality gas work in Massachusetts.
The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).
There was an adjusted reported EBITDA of 395,000,000. There were 6,284,964 eligible hours worked resulting in a profit-sharing amount of $0.99 per hour with a maximum of 48 eligible hours per week.
Adjusted EBITDA – Depreciation & Amortization x Profit-Sharing Percentage (6%) x USW Hours Ratio (60%) ÷ Eligible hours = Payout/hour.
The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).
There was an adjusted reported EBITA of 265,000,000. There were 6,306,067 eligible hours worked resulting in a profit-sharing amount of $0.22 per hour with a maximum of 48 eligible hours per week.
Adjusted EBITDA – Depreciation & Amortization x Profit-Sharing Percentage (6%) x USW Hours Ratio (60%) ÷ Eligible hours = Payout/hour.
