$14 Million for Utility Giant Who Wants to Cut Workers’ Pensions
For several months, members of the Utility Workers (UWUA) have been holding the line on givebacks and demanding a decent contract at Southern California Gas Co. (SoCal). But rather than recognizing the value of its workers, management is trying to lower pensions, jack up health care premiums and cut sick leave.
It’s not that SoCal, a subsidiary of Sempra Energy, can’t afford to treat its employees well. In 2007, Sempra had more than $11 billion in revenue and its CEO Donald Felsinger raked in more than $14 million in salary and benefits.
