AT&T is dismantling the middle class one Job at a time.
Even before Wall Street banks and major corporations reeled in $2 trillion in taxpayer bailouts, they were raising their profit margins by lowering the boom on working people.
For years, despite rising profits and growing productivity, employers kept demanding concessions on wages and unloading health care costs on workers.
Now they’re at it again, this time AT&T is piling it on. AT&T is using the economic crisis created by Wall Street to defend their greed in demanding more concessions from working people.
AT&T’s Shameful Deception:
AT&T is using the economic crisis to claim it needs more concessions from its workers represented by the International Brotherhood of Electrical Workers (IBEW) and Communication Workers of America (CWA). AT&T is making these demands while they continue to reap huge dividends despite the global recession.
AT&T’s net income in 2008 rose 7.7 % to $12.9 billion
Already in the first & second quarters of 2009, their net income was $6.2 billion
2Q09 Earnings Presentation @ AT&T
Despite their solid financial position, AT&T is demanding that IBEW and CWA members and retirees hold the line on wages and agree to bear huge increases in their health care costs, and cuts in their pensions.
It’s a shameful ploy and, if allowed to stand, will be another blow to the working people of America’s middle class. Enough is enough. The middle class has been getting destroyed one piece at a time. It’s time to fight back and save it one piece at a time.
Demanding concessions from highly productive workers shows AT&T’s utter disrespect for fairness.
IBEW and CWA members at AT&T are the most productive telecommunications workers in America. AT&T reaped billions in profits to show for it. IBEW and CWA members take great pride in the quality of their work. These workers value each and every customer
Nevertheless, AT&T is treating its workers like replaceable parts. Not like partners in the company’s success, whose labors created their rising profits, even amidst the nation’s economic woes.
Rather than rewarding employees and retirees for their hard work and dedication in serving AT&T’s customers, the company has slapped them with a contract offer that demands huge concessions, pension cuts and places the burden of rising health care costs on the backs of their employees and their families.
The
lack of respect AT&T shows its own workers and retirees is
symptomatic of what is happening to working families across the
country. The middle class is already taking a beating in this economy,
without companies like AT&T taking a bite out of its workers’
standard of living.
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If you work for a living and have had enough of corporate greed:
We urge you to send this letter
It's happening again. Another big corporation looking out for executives and big investors at the expense of workers.
AT&T made $12.9 billion in profits in 2008 and is on track this year for solid earnings, top executives say. Yet AT&T wants to cut quality jobs and benefits for employees.
It’s time to stop greedy corporations like AT&T from dismantling America’s middle class, one worker at a time.
AT&T, we ask you to:
* Take the lead in helping to turn our economy around instead of copying the worst Wall Street behavior.
* Support the employees who make AT&T a success, and who help build today's high tech infrastructure.
* Work with CWA for real health care reform.
Americans want an economy that works for all of us.
Please sign the Letter
to AT&T Executives:
Click to play: AT&T's Greed - Truckin'
Enough of You - Anandi
Dear Randy,