It's been more than a week since Con Edison locked out its 8,000 union workers and replaced them with 5,000 managers. Since then, we've had frequent power outages and reductions during the worst heat wave in years. This is totally unacceptable.
Con Edison wants to replace union workers' guaranteed defined benefit pensions with risky 401k plans, which the union fiercely rejects. I don't blame them. Con Edison CEO Kevin Burke has an annual pay package of $11 million, plus a guaranteed $18 million pension. Would he replace his pension with a
401k plan? I doubt it.
New Yorkers have the highest utility rates of any city in the continental U.S. and the poorest service. Why isn't Con Edison prepared for hot weather power demands? Don't they know that summer comes every year.
And why does Con Edison need 5,000 managers to supervise 8,000 workers? That breaks down to one manager for every 1.5 workers, which means its management level is much too top heavy. If Con Edison cut their management staff and slashed Burke's compensation, we would have lower rates and better service.