At issue are things that have been common in private sector industries for many years.
Many, many companies have frozen the employees pension, meaning the company no longer contributes, but allows the plan and trust to remain for employee retirement.
401(k) plans have been around since the early 1980's as a way to save money for retirement. The employee puts in a little money every payday and in many cases the company puts in some matching contributions.
They are squabbling about healthcare insurance. Despite ObamaCare that promised us affordable health insurance, it is anything but.
Each year most private sector employees are asked to pay a larger share of the companies health insurance premium. These union folks do not want this to happen.
Working at Armco was a rough and sometimes dangerous job. The workers took pride in the fact they were American and produced an American product.
These workers were well compensated with many making $60 to 80,000 annually. This is in 1980 dollars.
I knew many Armco employees that bragged about the fact they had twelve weeks of vacation. The high salaries, the 3 month vacations and the other benefits the employees were given was a result of their union.
Several years after I left Middletown things began to change. More steel was being imported from Japan and Korea by U.S. automobile manufacturers since it was cheaper. Bethlehem Steel in Pennsylvania folded. Any stock given to the employees was worthless.