Off Topic Referring to PATCO

Delta5 Rookie

The problem is Patco is not using those two sites. Patco is posting on the general forum to try and gain members and attack Serco. I have no problem if Patco would keep the agreement with stuck mic. But this hasn't happened. I don't believe I posted a Lets ALL Flame Patco post. However I don't like seeing Patco Flaming Serco on general posts when they have thier own links on this site.

ATC_MacGyver MacGyver with the bears.

wasn't the "let's all flame patco" a thread that was renamed by one of the admin? he took the posts out of another thread, and gave that thread the name. iirc.

EFC Junior Member On a Van by the Sea

Exactly...Moved to the off topic section, far away from the main areas, then deleted the thread after a few days.

According to the moderator, he moved there with the intention to let it die quietly then delete the thread.

EFC Junior Member On a Van by the Sea

Here it is:

Eagle CO & Jackson Hole WY - Job Opening

Post number 13

and then the answer to my question:

DCATC Rookie

Im still waiting for PATCO's response to how SERCO can make 300 million off of a 60 million contract.

and BTW getting new members to join a union isnt done by flaming the contractor with lies and 1 sided arguments. You would do better by having conversations and bringing up concerns in a nice manner where discussions can be had on both sides and be constructive.

Patrick_Bateman Junior Member Manhattan

More like misrepresenting the facts when it comes down to how much the contractor makes, specifically off the ATC contracts. They aren't lying about the way Serco is treating their employees. I think the results speak for themselves when, on average, one Serco tower per month is unionizing with Patco.

patco PATCO President Florida

Public Record

Facts
99--Notice of Award for FCT Program
Solicitation Number: DTFAWA-09-R-00014-9067


Area 5) Serco Management, Inc. $137,540,595DTFAWA-10-C-00023(Area 6) Serco Management, Inc. $15,076,802 DTFAWA-10-C-00024(Area 7) Serco Management, Inc. $19,023,542

Total five year contract $171,640.939.00 for approximately 64 Towers. Note: This does not reflect annual wage or benefit increases as per the DOL, so the numbers go higher.

SERCO North America (NA), ABOUT US is attached to SERCO Group PLC) in the UK Serco Group plc .

Mr. Hyman words at: Serco's profits soar 34% to ?194.7m | Business | guardian.co.uk

Company Profile | Reuters.co.uk

SERCO annual report: http://www.serco.com/Images/2009_Ful...tcm3-34030.pdf

SERCO EARNINGS/STOCK PORTFOLIO

SERCO 2009-2008

2009 2008 % change

Revenue $6.2 Billion $4.8 Billion up 27.1%

Adjusted operating profit $353 Million $254 Million up 39.0%

Operating profit $326 Million $240 Million up 36.0%Profit before tax $272 Million $209 Million up 30.1%

Adjusted earnings per share $45.36 $34.11 up 33.3%

Earnings per share $41.11 $31.48 up 30.6%

Dividend per share $9.60 $7.68 up 25.0%

Group free cash flow $211 Million $145 Million up 45.8%



Christopher Hyman, Chief Executive of Serco Group plc
“Serco delivered a very strong performance in 2009, and has entered 2010 with a record order book and significant opportunities in the UK and internationally. Fiscal pressures are increasing in all of our global markets, presenting ever greater opportunities for the efficient delivery of essential services. The breadth of our capabilities, and our track record, enables us to be selective in pursuing the best opportunities to deliver results for all of our stakeholders.”

Investor Centre

Side Bar fact: SERCO took away all employer paid sick leave to its employees, while at the same time it gave all its Air Traffic Managers a 4.4 % wage increase. They now make 10% above base wage.

So if they are broke, please show me Red!

Bravejango Senior Member Mustang, OK

i think its interesting how their earnings per share went up 30.6% and their net profit went up by 30.1% that would lead me to believe that their profits are coming from share increase not from removing benefits from employees then again i'm not a financial adviser.

also every company in the world has to post a yearly profit or they will not be around for long including yours how much is patcos profit from 09-10?

patco PATCO President Florida

PATCO is a non profit organization, and all information (LM3) about the Union can be found at the Department of Labor web site. There are no paid employees.

Bravejango Senior Member Mustang, OK

all company's make a profit including NONPROFIT companys they use them for advertising and other organizational costs there are no laws against NONPROFIT organizations making money just how they spend it. so again i ask how much money did patco make between 2009-2010 they had to make something or did you spend every penny you got from member dues on throwing the largest ATC pizza party? and if you didnt make a profit then how are you going to help your members when they need it if you have no money set aside for eventuality's?