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Pension cutback hit just above the belt!

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Postby greeney2 » Fri Jun 12, 2009 9:48 am

Now this was a pension benifit not too many people get. I've actually never herd of it, but maybe its normal in the beer industry. This is one of those perks they throw in, but any way you cut it, it is a company taking something away already negociated. Their allotment of 72 dozen bottles is a pretty good chunk, at today price of imported beer. Some probably don't ever use it, or probably give it to people if they can't drink it. Some probably sell it.

What ales Molson retirees?
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Delicious Digg Facebook Fark Newsvine Reddit StumbleUpon Technorati Yahoo! Bookmarks Print Reuters – A bartender prepares a beer in a bar in central Sydney May 11, 2009. REUTERS/Daniel Munoz ( Wed Jun 10, 1:12 pm ET
TORONTO (Reuters) – Beer maker Molson is turning of the tap and cutting off the supply of free suds to its retirees, the Toronto Star reported on Tuesday.

Molson, a division of Molson Coors, said it was looking to "standardize" its complimentary beer policy.

There are 2,400 Molson retirees in Canada and their free beer costs the company about C$1 million ($900,000) a year, the Star said.

Molson retirees in the province of Newfoundland will see their monthly allotment of beer fall from six dozen a month to zero over the next five years.

Current workers will see their allotment drop from 72 dozen bottles a year to 52 dozen.

"There was no consultation, we just received a letter that this is a done deal, which is totally unfair," Bill Bavis, who retired six years ago after 32 years at Molson's in St. John's, Newfoundland, told the Star. "I think with the economic downturn they're trying to take advantage of us, as a way to cut retirees' benefits and justify it."

Unions have launched grievances in Montreal and Vancouver, where the allotment is less.

A spokesman for Molson said the company feels it still has a very generous benefits package.
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Postby Tairaa » Fri Jun 12, 2009 10:01 am


You can't take away a retirement benefit package for no reason! Is there not a written agreement signed between these retirees and the company?
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Postby greeney2 » Fri Jun 12, 2009 10:28 am

Tiara, believe it or not finding the written version of many pension agreements is no easy task. I had great difficulty finding documents that really spelled out things other than the basic pensions and how they are computed. A lot of language is very vague when it comes to "benifits" that have always been part of the packages, but not nessesarily hard negotiation parts of union contracts. Part of my retirment is always being able to use the recreation center, but there is nothing guarnentee the center will always be there. This was a 9 acre park bought and paid for by the company coffee machines back in the days of the origional owners of the company. Something like this beer deal, probably were not ironed out contract requirments, they fall into things companies do for employees like product discounts, sponsored events, etc etc. If the budgets can aford it kind of things. We used to have great open houses, that over the years got reduced to bringing only immediate relatives in for a walk thru.
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Postby Nesaie » Sat Jun 13, 2009 12:41 pm

They're taking away beer????!!!! :o :o :o :o

That is sacrilegious! :x :cry:
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Postby MonarchSmile » Sun Jun 14, 2009 3:09 pm

Nesaie wrote:They're taking away beer????!!!! :o :o :o :o

That is sacrilegious! :x :cry:

They still get half a case a week, otherwise there would be a white canuck revolution

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