Reps need a Union badly. To prevent employee abuse at Pfizer & protect our benefits. Ridiculous how Pfizer abuses some things with their employees to cut costs or pass costs to reps.
Like increasing our monthly Medical Healthcare costs 2-3x higher than other companies (husband works Novo & last year we switch to his plan. With Pfizer for family total medical/dental/life was 1200 a month -,600 paycheck. Novo for exact same coverages total is only 450 month 225 paycheck. We save 750 a month! Cash in pocket so i need to make 1400 more a month to save that 750 ! (Or i have to make $17,000 more gross a yr to bring home that extra 9k yr/750m. So by switching to Novo insurance, we gave ourself a $17k yr raise... with 2-3% merits it will take my 12yrs to get 17k more salary)
Taking our Pensions that would be $2million after 30yrs. (As Ian said in 2015 townhall, tough decision but he needed those assets for R&D which in 5yrs yielded nothing)
Eliminating Retirement Healthcare & Rx benefits for older reps. Replacing w a medical act that you never see & only pays for your prem until 62 1/2 & you must use pfizer insurance which they say costs 4k a monthfor 2 people??????? I can walk into BCBS off street & get same medical plan for 1000 month.
Increasing co car charges to 175 (my husband is ZERO)
Rx co-pay up to $50 on some brands. Most co still $15-20 co pay talking w my pharma friends. ER visits from 50 to 500.
Lowering severance at a whim from 3weeks per yr to 1wk per yr. And eliminating lump sum payouts- instead of lump sum Pfizer now just keeps you on payroll for severed wks
Paying our EARNED 401k match instead each paycheck when reps contribute, to just once a Quarter 3 months in arrears.
Replacing RSU true stock more w TRSU that expire worth & pfizer controls. For reps they say $9k a yr value but look at details- only 4k is RSU stock, rest TRSU w a 42 strike price that odds are will expire worthless
Pfizer has SOME good things but nothing that is different than other companies good things, however they are so big by cutting costs at employee exp or passing costs to employees they save tens of millions a year at our expense.
A UNION would prevent this.
Airlines, Auto, Factory, even Actors have Unions so about time Pharma has one to protect our rights & benefits.
Need a UNION asap & now during the crisis is the best time to get a search firm to find one. Who is going to be the brave sole that starts the movement??
Like increasing our monthly Medical Healthcare costs 2-3x higher than other companies (husband works Novo & last year we switch to his plan. With Pfizer for family total medical/dental/life was 1200 a month -,600 paycheck. Novo for exact same coverages total is only 450 month 225 paycheck. We save 750 a month! Cash in pocket so i need to make 1400 more a month to save that 750 ! (Or i have to make $17,000 more gross a yr to bring home that extra 9k yr/750m. So by switching to Novo insurance, we gave ourself a $17k yr raise... with 2-3% merits it will take my 12yrs to get 17k more salary)
Taking our Pensions that would be $2million after 30yrs. (As Ian said in 2015 townhall, tough decision but he needed those assets for R&D which in 5yrs yielded nothing)
Eliminating Retirement Healthcare & Rx benefits for older reps. Replacing w a medical act that you never see & only pays for your prem until 62 1/2 & you must use pfizer insurance which they say costs 4k a monthfor 2 people??????? I can walk into BCBS off street & get same medical plan for 1000 month.
Increasing co car charges to 175 (my husband is ZERO)
Rx co-pay up to $50 on some brands. Most co still $15-20 co pay talking w my pharma friends. ER visits from 50 to 500.
Lowering severance at a whim from 3weeks per yr to 1wk per yr. And eliminating lump sum payouts- instead of lump sum Pfizer now just keeps you on payroll for severed wks
Paying our EARNED 401k match instead each paycheck when reps contribute, to just once a Quarter 3 months in arrears.
Replacing RSU true stock more w TRSU that expire worth & pfizer controls. For reps they say $9k a yr value but look at details- only 4k is RSU stock, rest TRSU w a 42 strike price that odds are will expire worthless
Pfizer has SOME good things but nothing that is different than other companies good things, however they are so big by cutting costs at employee exp or passing costs to employees they save tens of millions a year at our expense.
A UNION would prevent this.
Airlines, Auto, Factory, even Actors have Unions so about time Pharma has one to protect our rights & benefits.
Need a UNION asap & now during the crisis is the best time to get a search firm to find one. Who is going to be the brave sole that starts the movement??
