Common use of Wage Reduction Clause in Contracts

Wage Reduction. All bargaining unit and non-bargaining unit employees (including management) will share the burden of economic sacrifice contained in this MOU since job security is the number one asset all ABF employees hope to participate in equally. Towards that end, the bargaining unit employees will be paid in accordance with the wage adjustments set forth in the ABF NMFA, which adjustments are on the following basis: All employees shall have their hourly wage and mileage rates be reduced by 7.0%. Effective July 1, 2014: Increase all hourly wage and mileage rates by 2.0% Effective July 1, 2015: Increase all hourly wage and mileage rates by 2.0% Effective July 1, 2016: Increase all hourly wage and mileage rates by 2.0% Effective July 1, 2017: Increase all hourly wage and mileage rates by 2.5% Such wage reductions and/or reduced earnings shall include overtime, incentive pay, etc, in addition to vacation, sick pay, holiday pay, funeral leave, jury duty, and other paid for time not worked. Non-bargaining unit employees shall share the burden as set forth in (a) below.