Tuesday, January 23, 2007
Palco, please don't screw over your workers!
I guess I get paranoid when companies do their "I am broke" thingy. A company can not control the price of it's vendors. They can not control the price for power in the form of electricity. There are many costs in running a business that the business itself can not usually control. But one thing a company can control in times of economic stress. And that is change the wage and benefit packages of the workers. When I saw in today's TS Times-Standard Online - Palco's future starts Wednesday that the workers pension is 20 million dollars underfunded, I had a bad feeling. I hold out little hope that Palco will do the right thing for their workers. I hope I am wrong.