Article 43


Saturday, September 09, 2006

CWA Speaks At Lucent Shareholders Meeting

If you follow this site, you know I neither trust nor support the CWA, but the speech below is worthy of reprint.


Ralph Maly, Vice President CWA
Lucent Special Shareholders Meeting
Wilmington, Delaware
September 7, 2006

Good morning, Pat & Shareholders,

My name is RALPH MALY and I am the Vice President of the Communications Workers of America, and a shareholder.  CWA REPRESENTS occupational employees at LUCENT TECHNOLOGIES.

As you can see, by the sea of red, our members, and retirees have huge concerns with the direction Lucent is going and the future of our jobs, healthcare, and pensions.

Two years ago, I stated Labor Relations could not get any worse I was wrong.  Labor Relations is worse today than at any time in our history.

As you may have read in our handbill, while the Unions were actively working to solve Lucents healthcare obligations, Lucent was privately negotiating approximately $101 million in savings from its prescription drug carriers and medical providers.  To put it simply, while Lucent was attempting to shift more cost on those who have the least ability to pay, they were secretly pocketing millions of dollars in savings without the Unions knowledge.

While Alcatel has had open dialogue with its Union partners including adding two Union members to the merger board, Lucent has avoided answering repeated questions from the Unions as we try to understand where our members and retirees futures lie.

Finally, over the past 18 months CWA, IBEW, Lucent and several key congressional representatives have worked tirelessly to enact legislation as part of the new pension bill.  This bill will allow Lucent to use money from the occupational pension plan for future healthcare obligations, thus relieving Lucent of millions of dollars in healthcare cost.  However, as we now reach the end of the journey and additional months are necessary to make the technical changes needed in this new law, Lucent has opted not to go the extra mile.  Instead, Lucent is choosing to walk away and put additional healthcare costs on those retirees who have the least ability to pay.  We are here today to ask Lucent to accept the Unions proposal to extend the deadline to January 1, 2007.

CWA, it֒s members and retirees arent looking for outrageous windfalls.  We are looking for answers about the merger.  Our members and retirees are only looking to be part of the future and have Lucent or its merger partner do the right thing.

We are here today to obtain answers we have not been able to get thus far.  Our members want no more than what the CEO of Lucent got, a job with a future, no more, no less.  Our members have earned the right to a better life and Lucent should not deny them that opportunity.

Thank you.

Source: CWA

Posted by Elvis on 09/09/06 •
Section General Reading
View (0) comment(s) or add a new one
Printable viewLink to this article
Page 1 of 1 pages


Total page hits 9494529
Page rendered in 0.6238 seconds
41 queries executed
Debug mode is off
Total Entries: 3205
Total Comments: 337
Most Recent Entry: 11/15/2019 11:48 am
Most Recent Comment on: 01/02/2016 09:13 pm
Total Logged in members: 0
Total guests: 7
Total anonymous users: 0
The most visitors ever was 114 on 10/26/2017 04:23 am

Email Us


Login | Register
Resumes | Members

In memory of the layed off workers of AT&T

Today's Diversion

One of the advantages of being a bureaucrat is that you don't have to waste time and energy trying to be creative. - Anonymous


Advanced Search



November 2019
         1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Must Read

Most recent entries

RSS Feeds

Today's News

ARS Technica

External Links

Elvis Picks

BLS Pages


All Posts



Creative Commons License

Support Bloggers' Rights