All Bargaining Unit Employees
Our financial performance for the 1st quarter resulted in no payment being made under the plan.
Our focus continues to be on safety, quality, improving our cost position and developing the products necessary to meet the critical demands of our customers.
Once again profit sharing for the first quarter is nothing.
Here is the Company memo.
q1 2016 bargaining unit memo-2
Evraz announced today there was zero profit in the 2nd quarter so they will not be paying any profit sharing to 5890 members.
The 1st Quarter 2015 Profit Sharing as per our Collective Bargaining Agreement is $1.28 per eligible hour. Evraz has stated it will be deposited into your bank account on April 30, 2015 or sent to Great West Life to be deposited into the account you have elected.
The payroll department has released the Profit Sharing results for the 4th quarter of 2014 resulting in a payout of a $1.10 per eligible hour and will be deposited on February 27th, 2015.
The 2nd Quarter, 2014 profit sharing amount resulted in a payout of $.96 per eligible hour and it will be deposited into your bank account on August 1, 2014 or sent to Great West Life to be deposited into your designated account based upon your election.
The 1st Quarter, 2014 profit sharing amount resulted in a payout of $1.31 per eligible hour
and it will be deposited into your bank account on April 30, 2014 or sent to Great West Life
to be deposited into your designated account based upon your election.
The Company had announced profit sharing of $1.31 per eligible hour to a maximum of 520 hours. The Company has stated they intend to have it paid on Feb 28 in either members normal pay or a DPSP
What will the next year bring for the members of this local? After yesterdays announcement of 0.00% profit sharing. Layoffs in the last quarter. The clamp down on overtime in recent months and the lack of preventative maintenance in the mills. All apparent cost cutting measures we are witnessing and feeling, are glaring examples of just a few of the band-aid solutions the company is using on the backs of our members because of it’s mismanagement and continued financial troubles.
What’s in store for us as a union? As the company dreams up more cost cutting measures for our next CBA?
One thing is for certain Brothers and Sisters. A year from now, we cannot not and we will not, allow ourselves to even think of accepting anything but a fair and decent Collective Agreement. Don’t tell me that some executive share holder didn’t receive stock dividends this last quarter on your back breaking work. Remember a year from now Brothers and Sisters, remember. We are a world class workforce, that deserves a world class contract.
We will not submit
We will not lie down
We we not roll over
We will not comply without question
We will not go quietly
We will not shut up
We will not sit down
We will stand Up! Fight back!
Corey Liebrecht, President
The news was not good today as the company announced the results of the second quarter profit sharing which has resulted in a zero payment to the plan. Management says the decrease was been attributed to a 3% decline in steel flat rolled products. A decline of 12% in small diameter pipe due to low drilling activity in Western Canada. Increased imports and stoke optimization programs launched at their North American Facilities. Large diameter pipe production in the Spiral mills remains strong and at full capacity. The company expects an increase in the output demand of steel, both flat and tubular in the third quarter.
First quarter profit sharing results were released by the company this morning. The result is a payout amount of $0.42 per eligible hour.
Evraz has released the 2012 4th quarter Profit Sharing amount this morning at $1.06 per eligible hour. Direct deposit to bank accounts will happen March 1st, 2013.
C.O.L.A numbers have also been released and adjusted to $0.54 per straight time hour worked. A decrease from $0.75.
As always this Local strives to keep the membership informed promptly and will continue to post the most current information we receive.
The Company has announced 1.47 per eligible hour USW bargained profit sharing for the 2nd quarter of 2012. Maximum pay out is 520 hrs. The Company has stated they intend to pay the profit sharing on July 31.
The Company has announced 1.86 per eligible hour USW bargained profit sharing for the 1st quarter of 2012. Maximum pay out is 520 hrs. Evraz has stated they intend to transfer money into accounts on April 27, 2012
The Company reported today that they expect to release a statement this week regarding the amount of profit sharing for this quarter.
The Company has announced 1.45 per eligable hour USW bargained profit sharing for the 4th quarter of 2011. Maximum pay out is 520 hrs. Evraz has stated they intend to transfer money into accounts on Friday March 2, 2012
The Company announced 2.25 per eligable hour USW bargained profit sharing for the 3rd quarter of 2011. Maximum pay out is 520 hrs. Evraz has stated they intend to transfer money into accounts on Friday October 28, 2011
The Company announced 1.91 per eligable hour USW bargained profit sharing for 2nd quarter 2011