Sudbury Novice…..I used the word “TRYING”

tried (trīd), try·ing, tries (trīz).

v.tr.

1. To make an effort to do or accomplish (something); attempt: tried to ski.
2. To taste, sample, or otherwise test in order to determine strength, effect, worth, or desirability: Try this casserole. Try the door.
3. Law.
   1. To examine or hear (evidence or a case) by judicial process.
   2. To put (an accused person) on trial.
4. To subject to great strain or hardship; tax: The last steep ascent tried my every muscle.
5. To melt (lard, for example) to separate out impurities; render.
6. To smooth, fit, or align accurately.

Vale’s demand to significantly reduce the Nickel Bonus is a good example of how they are not really doing this because of the current economic condition. They insist on reducing the bonus, even though it currently pays nothing ($0). The nickel bonus only applies in conditions of profitability. It’s a way of sharing in good times and protecting the company and our members in bad times. However, Vale wants to use this moment to eliminate something that costs them nothing now, knowing good times will return.

This final offer is an insult. It’s not representative of the profitability of Vale Inco, Ontario Division, and it would devastate the communities who count on the livelihoods of our workers!

Facts on Vale Final Offer

Bonus Concession"Provide for a new bonus plan as follows:

* 25% based on that portion of the Annual Incentive Plan (AIP) announced by Vale that is calculated according to Vale's Cash Flow Return On Gross Investment (CFROGI) and Relative Total Shareholder Return (TSR) (paid annually).

* 75% based on the better of Nickel Price Bonus or Earnings Based Compensation to be paid quarterly as now provided for in our collective bargaining agreement.

* The maximum bonus payable in any year under the plan is 20% of an employee's regular straight time pay received during the year.

The existing Nickel Price Bonus trigger will be amended to $5.00 and increased

annually by the increase in the CPI (all items - base: 1961=100 - January to

January comparison).

The existing Nickel Price Bonus and Earnings Based Compensation Plans will be

amended to provide that the amount paid in each quarter will not exceed an

amount equal to 75% of 20% of the employee's regular straight time pay received in the quarter”

Hope you're not affected on the strike!