What It'll Cost You
We're back at the bargaining table with Dow Jones this morning— and we've been crunching some numbers on the company's contract proposal.
We'll be breaking them down, point-by-point, but first let's take a look at the overall deal.
The way we figure it, management's contract proposals would cost the average DJ employee $8,600.
The company wants you to be happy with a 2% annual raise for the next three years, along with more than doubling your health-care premiums.
All told, that "raise" is sure to cost you thousands of dollars.
For one thing, it won't even begin to keep up with a conservative estimate of inflation. An average IAPE member — earning $60,000 a year — will lose $3,347 to inflation alone over the next three years.
And management's proposal would also triple your health-care premiums:
That same IAPE member would shell out an additional $5,300 over three years for family coverage under the Managed Choice plan (DJ's cheapest).
That's a combined loss of more than $8,600 over three years. Some raise!
And that doesn't even begin to reflect the huge additional costs management expects you to shoulder — from hiking prescription costs to slashing job security. More on that soon.
We want to reach an agreement, a fair one, the sooner the better. We want to improve quality and make this a better company. The only way to do that is to provide fair wages and benefits for everyone. We can't do it through relentless
cutbacks. Quality people deserve a quality contract.
We've got a long way to go — and we'll keep you up to date every step of the way.
Bargaining Committee Chair
IAPE CWA 1096
(Note: These calculations are conservative. We've assumed that inflation remains at the recent, low rate of about 2.9%; and that health-care costs overall stay flat for the next three years.)