>Well i have to admit they are good speakers and it was a good meeting
I enjoyed it, they answered a lot of questions <
Well are you going to tell them what was said?
That the 5% and the pension payment is the secondary issue--------THE MAIN ISSUE HERE ARE THE BANKS.
The banks will not maintain 1st position in a bankruptcy with the whitepaper aggreements these locals have if they don't vote yes to the pension deferrals. The pension funds will maintain 1st position without a yes vote. This is unacceptable to the banks. Whether you like it or not the banks have let them slide 11 times this year. While they do not want to see a bankruptcy occur-IF IT DOES there is no way they will take 2nd position to the the pension funds. By helping us out they have kept hope alive they will be repaid but this issue with the locals is what is driving this vote.
Dec. 14th is the date the banks have given them to "get the act together" or they will "take action" This is no joke!
If you think this is BS I'm telling you - start making some phonecalls and find out for yourself instead of believing these fools on here. if your future is not important to you or your family then do nothing and stick your head in the sand.
Even if you still want to vote no, you at least owe it to yourself and others to find out what is really behind this instead of believing everything you heard on CH 19.
Its not that the IBT didn't have the constituional right to grab the locals its that they don't have the money to waste on lawsuits and YRC is running out of time and money.
Believe what you want. It's real simple -the banks have about had it and this is the last straw- THEY WILL NOT ACCEPT 2nd POSITION period. I admit, I thought this was over the 5% but when I heard the real reason it was a real
eye-opener.