There are problems that we still have with this contract," the Times quoted Steve Yount, the IAPE
president, as saying.
The Company further announced that, assuming the tentative agreement is ratified, it will also make $1,000 lump sum payments to approximately 2,600 eligible nonunion employees which, when added to the $1,000 bonus that the Company paid to nonunion employees in December 2003, will equal the lump-sum payments for IAPE represented employees under the tentative agreement.
Assuming ratification by the IAPE membership in that timeframe, the lump-sum payments are estimated to add roughly $4 million of incremental pre-tax expense in the second half of 2004.
Band pair counts were considered to be reasonably precise with an estimated IAPE
is also exploring the possibility of a formal strike for the first time ever, forming a committee to explore the issue and poll members.
This new contract acknowledges the indispensable contributions made by IAPE
employees while reflecting the competitive realities of the current business environment.
The company said should the IAPE
ratify the contract, the total cost of the bonus would be about $5 million, or four cents per share.
Secretary-Treasurer Virgil Hollender said, "The company's bargaining representatives have informed us that we need to change the minds of management if we think that their contract proposals are unreasonable.
Although bands were readily discernible in most samples, the inexperience of one of the authors (reader 2) in reading and counting vertebral bands likely led to the higher IAPE
and systematic bias.
and Dow Jones are in the ninth month of bargaining a new contract to replace a three-year agreement that expired at the end of January 1993.
An upper limit for the IAPE
was arbitrarily set at 15% for each vertebra.
between the final readings of the primary reader and the initial readings of the secondary reader was 7.