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<blockquote data-quote="Just Lurking" data-source="post: 230666" data-attributes="member: 5304"><p>Someone mentioned that company wanted 90 in 180 instead of 30 in 90 to gain seniority.</p><p></p><p>I have said for a few years that CS really screwed more than you knew. I believe that company thought there would be a large number employees taking a 30 and out in 2006. Since the company went nationwide in 1976 (large number of new employees) there is a large number of employees that gained 30 years in 2006. If these employees had retired in 2006, new hires would be making ~$16 (70% of 2002 driver rate) instead of $26.xx. </p><p></p><p>new driver $16 * 50 hrs * 52 wks =$45760</p><p></p><p>full scale $26 *50 * 52 wks = $74360</p><p></p><p>This does not even account for a 20 something doing the job of a 50 or 60 something. Performance would may not be through the roof but much higher.</p><p>The saving in wages and pop in earnings (stock price)would have substantial for the short term (3-5 years). Upper management would have been very happy and probably not with us any longer.</p></blockquote><p></p>
[QUOTE="Just Lurking, post: 230666, member: 5304"] Someone mentioned that company wanted 90 in 180 instead of 30 in 90 to gain seniority. I have said for a few years that CS really screwed more than you knew. I believe that company thought there would be a large number employees taking a 30 and out in 2006. Since the company went nationwide in 1976 (large number of new employees) there is a large number of employees that gained 30 years in 2006. If these employees had retired in 2006, new hires would be making ~$16 (70% of 2002 driver rate) instead of $26.xx. new driver $16 * 50 hrs * 52 wks =$45760 full scale $26 *50 * 52 wks = $74360 This does not even account for a 20 something doing the job of a 50 or 60 something. Performance would may not be through the roof but much higher. The saving in wages and pop in earnings (stock price)would have substantial for the short term (3-5 years). Upper management would have been very happy and probably not with us any longer. [/QUOTE]
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