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[quote author=JustAWorkingMan link=topic=78966.msg819647#msg819647 date=1270513141]
[quote author=ABF link=topic=78966.msg819364#msg819364 date=1270412076]
I'm voting NO to any givebacks.
Almost every ABF employee I work with,
and those I hear from at other terminals pretty much agree.
NO givebacks.
ABF is nothing like YRC.
I don't fault our brothers and sisters at YRC for doing what they felt they had to do.
They we're probably on the verge of bankruptcy.
I'm also taking a serious look at any Teamster official running for re-election that recommends any unnecessary givebacks.
While we wait for the "in-depth-audit" of the ABF books, this proposal was put forward that offers a different way of thinking, and possibly solves the purported cash flow problem, in a fair way,
without any significant loss of money to the employees:
...
...
In order to address and possibly solve the current liquidity and cash flow conditions of ABF,
and to allow for additional market competitiveness,
the following solution is submitted for consideration as a possible addendum to The National Master Freight Agreement.
Creation of a Liquidity Assistance Witholding Fund
Refered to as:
The LAW Fund
Each payroll period,
the Chief Executive Officer of ABF or duly authorized person shall have the discretionary authority to withold a percentage of pay equally across the board of all ABF employees,
both union and non-union alike, in an amount not to exceed 15%
These funds would be borrowed at 0% interest, and at the complete discretion and use of ABF (the company) for liquidity and cash flow needs,
for any day to day operations, or in any way deemed proper by ABF.
Each employee would have a weekly and total record of funds loaned to the company reflected in their witholding pay-stubs.
The funds would be repaid to any employee in the event of retirement, termination, voluntary quit, or any lay-off exceeding 30 days.
This power and authority would remain in effect throughout the current contract (ending April 2013), at which point repayment in full to all employees, or a renegotiation into the 2013 contract as agreed.
It is estimated that this would make capital available in excess of two-three hundred million dollars ($200,000,000.00-$300,000,000.00) over the next 3 years to ABF,
without any significant permanent loss to the employees.
The company would also be relieved of any strike action as a result of utilizing this provision as long as repayment terms are met as agreed.
In exchange for participation in The LAW Fund and providing the 0% loans, ABF would grant employees the ability to take unpaid days off with proper notice
(in accordance similar to sick day provisions).
This would allow employees the ability to adjust as they deem appropriate,
to these new financial conditions.
...
...
Let's be smart, and not giveback the wages we deserve.
[/quote]
I would like to know where he got that information too!
[/quote]It was probably presented to the ibt & we'll hear about it after the 19th
[quote author=ABF link=topic=78966.msg819364#msg819364 date=1270412076]
I'm voting NO to any givebacks.
Almost every ABF employee I work with,
and those I hear from at other terminals pretty much agree.
NO givebacks.
ABF is nothing like YRC.
I don't fault our brothers and sisters at YRC for doing what they felt they had to do.
They we're probably on the verge of bankruptcy.
I'm also taking a serious look at any Teamster official running for re-election that recommends any unnecessary givebacks.
While we wait for the "in-depth-audit" of the ABF books, this proposal was put forward that offers a different way of thinking, and possibly solves the purported cash flow problem, in a fair way,
without any significant loss of money to the employees:
...
...
In order to address and possibly solve the current liquidity and cash flow conditions of ABF,
and to allow for additional market competitiveness,
the following solution is submitted for consideration as a possible addendum to The National Master Freight Agreement.
Creation of a Liquidity Assistance Witholding Fund
Refered to as:
The LAW Fund
Each payroll period,
the Chief Executive Officer of ABF or duly authorized person shall have the discretionary authority to withold a percentage of pay equally across the board of all ABF employees,
both union and non-union alike, in an amount not to exceed 15%
These funds would be borrowed at 0% interest, and at the complete discretion and use of ABF (the company) for liquidity and cash flow needs,
for any day to day operations, or in any way deemed proper by ABF.
Each employee would have a weekly and total record of funds loaned to the company reflected in their witholding pay-stubs.
The funds would be repaid to any employee in the event of retirement, termination, voluntary quit, or any lay-off exceeding 30 days.
This power and authority would remain in effect throughout the current contract (ending April 2013), at which point repayment in full to all employees, or a renegotiation into the 2013 contract as agreed.
It is estimated that this would make capital available in excess of two-three hundred million dollars ($200,000,000.00-$300,000,000.00) over the next 3 years to ABF,
without any significant permanent loss to the employees.
The company would also be relieved of any strike action as a result of utilizing this provision as long as repayment terms are met as agreed.
In exchange for participation in The LAW Fund and providing the 0% loans, ABF would grant employees the ability to take unpaid days off with proper notice
(in accordance similar to sick day provisions).
This would allow employees the ability to adjust as they deem appropriate,
to these new financial conditions.
...
...
Let's be smart, and not giveback the wages we deserve.
[/quote]
I would like to know where he got that information too!
[/quote]It was probably presented to the ibt & we'll hear about it after the 19th