Union Gives Company 48 Hours to Provide Final Offer for Membership to Vote
Following a 16-hour marathon negotiation meeting on Thursday, the Teamsters Local 727 Bargaining Committee presented its last, best and final offer to Pepsi management.
“This is a very profitable company and you have a lot of long-term employees who have put their lives into this company. This is not a joke, this is very serious to them,” said John T. Coli, Secretary-Treasurer of Local 727. “I think we can all agree you have an excellent staff and they all deserve this.”
The union has given the company 48 hours to respond with its last, best and final contract offer. Once the union receives the offer, it will begin drafting a final document for the membership vote.
The company’s most recent economic offer — which came after a two-hour delay late Thursday night — included miniscule wage increases, a new health insurance plan and one paid sick day in the second year of the contract.
“Frontline workers are the backbone of the company,” said steward Edward Faifer, a Bargaining Committee member. “We’re driving the work to get sales to drive the company. This is not what we deserve, and it’s not what we’re worth.”
The Local 727 Bargaining Committee also discussed at length the company’s health care proposal. During Thursday’s bargaining session, a company benefits representative was present to answer Bargaining Committee questions about the proposed Standard Flex Benefits Program. The union analyzed the numbers and verified that employees would see annual savings of between $500 and $1,500 with identical or improved coverage levels by entering the company’s Standard Flex health insurance program.
The union will continue to update members on the status of the company’s last, best and final contract offer and inform the membership when a contract vote has been set.