What's new

Yellow | CSPF EXTENDS YRC’S $100M DEBT TILL 2019

yrc-atm said:
They will NEVER pay this debt. They havent paid down the banks debt in 8 years. Yrc went thru a bankruptcy without having to file it. CSPF will not get one dime of that money from this pos company. They have no intention on even trying.
Click to expand...

FYI, they've paid down almost 25% of the LT debt as of Q1 of 2016...

6bPwD2t.jpg


6vgtkp6.jpg
 
Triplex said:
FYI, they've paid down almost 25% of the LT debt as of Q1 of 2016...

6bPwD2t.jpg


6vgtkp6.jpg
Click to expand...
Not good at math ,but I don't come up with 25% ? and our -15% and lost week's vac. time and pension payments they didn't make should have give them enough money to pay down the whole amount , if Welch & his buddy's had taken a -15% pay cut too ! Sorry have to disagree and think most Driver's wanting a FULL pension will disagree too ??
 
  • Like
Reactions: TC1
yrc-atm said:
8 years and $900 million in concessions and they paid just $300 million in debt? NOT impressed one bit. And it goes back to what I said, they will NOT pay CSPF one dime of what they owe them.
Click to expand...

Couldn't care less whether you're impressed or not, just correcting the inaccuracy of your earlier post, that's all. Nothing personal. :smile new:
 
wongway said:
Not good at math ,but I don't come up with 25% ? and our -15% and lost week's vac. time and pension payments they didn't make should have give them enough money to pay down the whole amount , if Welch & his buddy's had taken a -15% pay cut too ! Sorry have to disagree and think most Driver's wanting a FULL pension will disagree too ??
Click to expand...

 
As far as the Central States Pension Fund is concerned YRCW is still considered a "Distressed Employer" and probably figure they're lucky to get the $70.00 a week pension contribution out of Welch and his cronies!

qENrLjI.jpg

Why aren't these people just happy to have a job?! Can't they see that we're "distressed"?!
:fingure:
 
metalmikex said:
YRC, lenders carve out deal to cut debt by $300 million
Clearing a significant hurdle in its latest financial restructuring, YRC Worldwide says it has reached a debt-for-equity deal with lenders and other institutional investors to reduce its debt by about $300 million.

http://www.logisticsmgmt.com/article/yrc_lenders_carve_out_deal_to_cut_debt_by_300_million
Click to expand...
Ah. So they never even paid that part down. They just conned the banks into taking their worthless stock. Just like they did us.
 
You must log in or register to reply here.
Top