June 26, 2015 |
SEPTA managers and other nonunion employees will be required to pay more toward their pensions, and managers hired in the future will be offered smaller pensions, under a plan expected to be approved Thursday by the SEPTA board. About 1,800 supervisory, administrative, and management employees will be affected by the changes, designed to improve the "long-term financial stability" of the transit agency's pension plan, SEPTA officials said Wednesday. The move is the latest by a public employer to reduce pension costs and shift more of the expense to employees and away from taxpayers.
October 1, 2014 |
A bid in bankruptcy court to set aside a labor contract for 1,136 employees at Atlantic City's Trump Taj Mahal casino has set up a pitched battle between Unite Here Local 54 and Carl Icahn. Icahn, a billionaire investor known for taking control of financially distressed businesses by buying debt at a discount, controls the fate of Trump Entertainment Resorts because he owns $286 million in first-lien debt and stands first in line to be paid in any bankruptcy deal. As a condition of keeping Trump Taj Mahal open, Icahn wants massive concessions from labor and government.
April 25, 2014 |
THERE WAS the famous Neil Diamond story. Family legend had it that the singer-songwriter showed up at the concession stand at the Spectrum one day and, without introducing himself, told Madeline Forte, who ran the stand, that Neil Diamond was soon to perform. "I wouldn't pay any money to see him," she snorted. A humbled but still anonymous Neil Diamond skulked away. But that Saturday at his concert, he told the story about his run-in with the "hotdog lady. " He had arranged with management to have her brought up to the stands and put a spotlight on her. He provided free tickets for her and her family for his next show, which they attended.
August 16, 2013 |
With less than 48 hours until the funding deadline set by Philadelphia's schools chief, the School Reform Commission has called a meeting Thursday to consider actions he says will give him more flexibility to run schools whenever they open. Word of the special session came amid signals from city, state, and school officials that they were still working to meet what a Corbett administration aide called Friday's "doable" deadline and open the schools Sept. 9, but they weren't there yet. Because the district is still facing a deficit of more than $270 million and reeling from massive layoffs, Superintendent William R. Hite Jr. said he would ask the SRC to suspend parts of the state school code dealing with seniority so that employees who are recalled can return to the schools where they worked in June.
August 15, 2013 |
Gov. Corbett emphatically rejected on Tuesday a request to release $45 million in state funds, the latest twist in the ongoing battle to resolve the Philadelphia School District's financial crisis. Corbett's budget secretary, Charles Zogby, said the money would not be available until the teachers' union signs a contract that includes substantial "fiscal savings and academic reforms. " "The law is clear," Corbett reiterated during an appearance in Chester. "Until that takes place, there can be no release of funds.
August 14, 2013 |
WITH A LOCAL solution to the school district's funding crisis proving elusive, city leaders are calling on Gov. Corbett's administration to release a $45 million grant that could allow schools to open on time next month. Some Harrisburg Republicans, however, say the release of the grant is contingent on the teachers' union agreeing to concessions, which - if it happens at all - would not take place until later this month. Superintendent William Hite said last week the district needs $50 million by Friday or schools may not open Sept.
July 2, 2013 |
The $140 million package Gov. Corbett presented Sunday to rescue Philadelphia's cash-strapped public schools has tentative written all over it. The legislature has not yet signed off on key items. The federal piece depends, for now, on what one negotiator called "a handshake on the phone. " And some of the numbers are hopeful projections. But this much is clear: An unusual array of political and business leaders helped craft the latest version of a rescue plan. If all the pieces Corbett described to The Inquirer in a Sunday interview fall into place - and the district is able to win as much as $133 million in labor concessions - the plan would provide nearly $274 million of the $304 million that Philadelphia School Superintendent William R. Hite Jr. and the School Reform Commission said they need to avert a doomsday scenario.
January 13, 2013 |
Philadelphia School District principals were promised a raise on Jan. 1, but the cash-strapped district now says it's not paying. In September 2011, the local chapter of the Commonwealth Association of School Administrators agreed to defer for a year the 3 percent pay hike its members were owed. The principals agreed to the concession, union chief Robert McGrogan said at the time, because they understood how bad the district's finances were. The raise was supposed to show up in next week's paychecks.
December 31, 2012 |
The NHL and the players' union appear to be getting closer to an agreement that would salvage a 48-game season. If they don't settle, the league will suffer irreparable harm and it might take years for hockey to be considered a major sport again. That's why the NHL made some concessions the other day, trying to save a partial season and stop the waves of apathy fans are riding. For months, the league and the players' union have outsmarted themselves, playing a game of chicken and waiting for the other side to cave in. But now, with a league-created Jan. 11 deadline almost here, the sides must get serious.
November 18, 2012 |
By the time brothers Robert and Joe Ryder meet for Thanksgiving, it'll be a moot question whether the unions should have caved into management demands from Hostess Brands Inc., makers of Twinkies and Wonder Bread. In bankruptcy twice in a decade, the company said Friday it would shut down, putting 18,500 people out of work, including more than 400 in the Philadelphia area. Despite its financial issues, the company blamed the bakers' union, saying it refused to return from a strike and make the necessary concessions to allow the company to survive.