Guild-Represented
Employees at 55 Water Street Will Not Be Affected
By
Mc Graw-Hill Outsourcing Plan
Non-Guild
Mailroom and Facilities Employees
At
42 Other Locations Not As Fortunate
Facilities and
mailroom employees at Standard & Poor's 55 Water Street location can breathe
a collective sigh of relief. Meghan
Doody, Manager of Workforce Initiatives, has confirmed to Guild officials that
the downtown facility will not be a target for outsourcing.
In 42 other non-Guild McGraw-Hill offices however, CB Richard Ellis
Services, Inc., will take over facilities and mailroom work effective March 1,
2003. Some of the specific duties the contractor will begin to perform there
include mail services, building engineering and duplicating.
New York Guild
President Barry Lipton was very pleased to hear that Guild- represented
employees would not be affected by the parent company’s current push to shore
up the bottom line. “We’re glad
that Standard & Poor's management saw the wisdom of keeping the existing
staff in place. Our
Guild-represented Standard & Poor's employees are excellent at what they do
and look forward to secure employment.”
S&P Guild Unit Chairperson Ed Fannon was equally happy to hear the news. “
During this holiday season, I’m especially glad [at the outcome] for our
mailroom and facilities employees and their families.”
Beginning January 1, 2003, all Guild-represented employees will be credited with their full vacation entitlement for the entire year. Also, any employee who, based on their most recent date of hire, would complete two, eight, or 20 years of employment between January 1st and May 31st of the same calendar year, will have vacation allowances applicable to those years of service.
Earlier this
year, the Guild discovered that some carry-over language regarding vacations was
inadvertently left out of the current contract.
The Guild subsequently inked a side letter with management restoring it.
Thus, all Guild-covered employees who started with the company before
January 1, 2001, can still carry forward one year’s worth of unused vacation
credits. However, Guild-covered
employees that started after January 1, 2001, must exhaust their vacation
credits during the calendar year, unless management approval is granted to carry
over some into the next year.
Unit
Meeting Scheduled
A Guild
Standard & Poor's unit meeting has been set for Friday December 20 for those
who work at 55 Water Street, at 10 A.M. in the Bayview room on the 37th
floor. Guild-represented employees
are urged to attend. Another
meeting will be held at 2:30 P.M. at the President Street facility for employees
who work there.
# # # # # # #
12/05/02