For Salaried Employees: Your current salary rate will be adjusted by an additional 18.4 percent per pay period for the periods beginning Dec. 16, 2009, and ending Jan. 15, 2010, and will be reflected in your Dec. 31, 2009, and Jan. 15, 2010, paychecks. Your regular salary rate will resume on Jan. 16, 2010 and will be reflected in your final January paycheck, rather than March 15, 2010, as previously communicated.
Yellow | Management takes another "temp" pay cut
- Thread starter Happy2
- Start date
No wonder The Joe is so pissed.
R-14Driver
TB Legend
- Credits
- 0
Sorry to hear that ! The cuts are running deep, for all !
J
jdawgett
Guest
I'm not sorry to hear that, I'd like to see even more cuts for moronagement and some layoffs too.
imovaherenow
TB Regular
- Credits
- 0
Now this is the kick in the nuts that makes u luv ur job
imported_fr8holler
TB Lurker
- Credits
- 0
Wasn't it the union that said YRC would close if the vote went south ? I'm thinking they knew that the international would be forced to end the independence of the Chicago locals and shove the concessions down your throats and thus the unique bargaining power enjoyed by 710 and 705 over the years would be irrevocably lost. And their power along with it. In other words , whether or not YRC closes , you folks have screwed yourselves. Oh , you can always stage a wildcat strike !! Go for it , chumps !
So if I read this right Mngt will go back to Full rate 3 months earlier than planed. Two months of 40% less sucks if my math is correct.
imported_dejabo
TB Lurker
- Credits
- 0
WOW!
Now we can afford so many....
WEW and I thought we would have to cull some management!
Now we can afford so many....
WEW and I thought we would have to cull some management!
So if I read this right Mngt will go back to Full rate 3 months earlier than planed. Two months of 40% less sucks if my math is correct.
do you really think it will ever be given back?
curiouswork
TB Lurker
- Credits
- 0
Not a chance... we will get SOME back... but not all.
"We" (non-union) were the first to take paycuts... starting in 2007 actually... we took a 13% cut from Thanksgiving through the end of February... then a cut again in December of 2008 of the 10% and the end of our 401K matching... at the time the union took the first 10% paycut, ours was changed from temporary to permenant... 6 week pay cut of 20% for us non-management, non-union folks... bringing the total damages to 33% (not including how much less my $1 is worth now thanks to TWO spend-happy presidents) for the month of January...
Not looking for sympathy... I am tired of seeing everyone taking cuts for this company... they have beaten you guys... they are taking it out on us in blood offerings now.
Nothing says Happy F&#%ING Christmas better than 33% less pay....
And officially.... it wouldn't surprise me to see his head on a stick outside of AGO at some point... he is beating his employees to death....
Is this also for USF, New Penn etc?
The email went to all YRCW employees, not just YRC, so I am assuming yes, Holland, Reddaway, NPMF, Logistics, CHINA?
imported_piwolf
TB Lurker
- Credits
- 0
Just to add my two cents, as a former non-union employee that used to work at the GO in KC...
It's not just management taking these cuts. Those that are left in the G.O. and everywhere have mouths to feed, just as all of you do. They've had to forgo their pensions, just as you have - but did it a year earlier. Took what now amounts to a 33% pay cut... I don't know how many people could survive taking a third of their income away.
Unlike the union folks, there was no vote. They're being told "Take it or leave".
I'm all for holding management responsible for their failings - but this cut hurts hard-working people just like the rest of the Union folks too.
I'm sad for everyone who has had to take painful cuts - but the Salaried folks are taking it a lot deeper right now. Management, and the rank-and-file folks that do not have the protection of a Union.
And to be honest - they don't believe these are "temporary". The suspension of their pensions, their original pay cuts, the sacrifice of raises for a couple of years now... they were all supposed to be temporary too.
It's not just management taking these cuts. Those that are left in the G.O. and everywhere have mouths to feed, just as all of you do. They've had to forgo their pensions, just as you have - but did it a year earlier. Took what now amounts to a 33% pay cut... I don't know how many people could survive taking a third of their income away.
Unlike the union folks, there was no vote. They're being told "Take it or leave".
I'm all for holding management responsible for their failings - but this cut hurts hard-working people just like the rest of the Union folks too.
I'm sad for everyone who has had to take painful cuts - but the Salaried folks are taking it a lot deeper right now. Management, and the rank-and-file folks that do not have the protection of a Union.
And to be honest - they don't believe these are "temporary". The suspension of their pensions, their original pay cuts, the sacrifice of raises for a couple of years now... they were all supposed to be temporary too.
bobjohnson1111
TB Lurker
- Credits
- 0
: is for realBill said it would.
curiouswork
TB Lurker
- Credits
- 0
Shoulda used the other end of the pig my friend.
Bow down to the lord of the flies!!!
bigtruk_us
TB Legend
- Credits
- 0
Figure the management paycuts will allow yrcw to save some money so that they can buy up the rest of the bonds.that will make up for the shortfall in the debt/equity swap.that's why its a short temporary paycut.then we will hear about extended deadlines like we have already.by January the debt/equity deal will be finished and the management will get back their 18.4%paycut...