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Yellow | Yearly Bonuses???

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WOP

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Recently had a meeting and the discussion centered on yearly bonuses based on profit (o/r). Does anyone know the bonus criteria? It appears to be based on our corporate operating ratio. If so, what control or influence do we have on the spending component of the operating ratio? So if I understand this bonus thing, regardless of what we do on the production/efficiency/cost side of the equation, if the powers-to-be spend too much we are screwed. Am I understanding this right or not? Please someone enlighten me...please tell me I am wrong!!!!!
 
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It's called profit sharing. If the subsidiary you work for reaches an o/r that is in your MOU you'll receive a 1 or 2% bonus check. Not to worry, we have about the same chance as a snowball in hell getting that money.

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Griz said:
It's called profit sharing. If the subsidiary you work for reaches an o/r that is in your MOU you'll receive a 1 or 2% bonus check. Not to worry, we have about the same chance as a snowball in hell getting that money.

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And if memory serves, the profit sharing program doesn't start till 2015
 
We were shown a 5-6 page pamphlet of how OUR performance affected this so-called bonus.

When I looked at it, it looked like a carrot to me.
 
WOP said:
Recently had a meeting and the discussion centered on yearly bonuses based on profit (o/r). Does anyone know the bonus criteria? It appears to be based on our corporate operating ratio. If so, what control or influence do we have on the spending component of the operating ratio? So if I understand this bonus thing, regardless of what we do on the production/efficiency/cost side of the equation, if the powers-to-be spend too much we are screwed. Am I understanding this right or not? Please someone enlighten me...please tell me I am wrong!!!!!
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Please enlighten me W. "Spending component of the operating ratio"????
 
bonus-cutting.jpg


Back to the table in 2015!!
 
WOP said:
Recently had a meeting and the discussion centered on yearly bonuses based on profit (o/r). Does anyone know the bonus criteria? It appears to be based on our corporate operating ratio. If so, what control or influence do we have on the spending component of the operating ratio? So if I understand this bonus thing, regardless of what we do on the production/efficiency/cost side of the equation, if the powers-to-be spend too much we are screwed. Am I understanding this right or not? Please someone enlighten me...please tell me I am wrong!!!!!
Click to expand...

Don't worry about it! As long as pencils have erasers you will never see any " profit sharing"! The Welch gang will be certain to keep it to themselves.
 
Wrench97 said:
Like buying new trucks, paying for breakdowns, buying new computer systems and freight dimensioners :coffee1:
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I guess. Then wait and see, but in the 4th quarter they say some new (leased) tractors are supposed to start showing up, just in time to keep the OR around 100 for the year. But I do understand, you need to spend money (sensible), to make money. Next year it will be technology. Probably 2017 or 18 may see a 1 percent bonus. By then my 2000 Volvo will be 17 years old. Hope they can afford to buy me a new seat for it???
 
WOP said:
Recently had a meeting and the discussion centered on yearly bonuses based on profit (o/r). Does anyone know the bonus criteria? It appears to be based on our corporate operating ratio. If so, what control or influence do we have on the spending component of the operating ratio? So if I understand this bonus thing, regardless of what we do on the production/efficiency/cost side of the equation, if the powers-to-be spend too much we are screwed. Am I understanding this right or not? Please someone enlighten me...please tell me I am wrong!!!!!
Click to expand...

Why do you think all during the last 2 votes we have been calling them a BONE-US?

No way is that going to happen in our lifetime brother....don't believe that corporate BS line!

If a company in ANY business sees that it is getting closer to something like a bonus, all they will do is spend more money to keep it above the threshold set for a bonus.

That was a carrot held out there by YRCW & The IBT hoping someone would be stupid enough to bite on it and hold on....did not work the 1st vote, but I guess they used a bigger carrot to feed a very scared and timid horse in the 2nd vote.

31 days left in the 3Q..How much debt has been paid down since this new MOU?......KK

 
I do not believe a word of what these greedy bastards spew out of their pie holes. More of the same................

 
Even if they do show a profit. Do the math . . . the most it would ever amount to is $500. Peanuts compare to the give backs.
 
You will never see a dime...........
The day that the banks can,t make a buck on the stock pump and dump will be the day the chain goes on the gate.
 
Kennesaw Kid said:

<snip>
If a company in ANY business sees that it is getting closer to something like a bonus, all they will do is spend more money to keep it above the threshold set for a bonus.
<snip>
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Absolutely and totally NOT TRUE. Many companies pay out bonuses to their employees depending on various metrics. Making ridiculous statements like this just continues to undermine your credibility.
 
Kennesaw Kid said:
Why do you think all during the last 2 votes we have been calling them a BONE-US?

No way is that going to happen in our lifetime brother....don't believe that corporate BS line!

If a company in ANY business sees that it is getting closer to something like a bonus, all they will do is spend more money to keep it above the threshold set for a bonus.

That was a carrot held out there by YRCW & The IBT hoping someone would be stupid enough to bite on it and hold on....did not work the 1st vote, but I guess they used a bigger carrot to feed a very scared and timid horse in the 2nd vote.

31 days left in the 3Q..How much debt has been paid down since this new MOU?......KK
Click to expand...
Not siding with either side here, but I never have read anything,anywhere in the MOU, or anywhere that YRC said they would pay off any amount of debt this year or anytime soon. The issue in the last vote mainly consisted of getting a lower interest rate on the debt, so to pay less than 150 million a year in interest payments to the banks. The debt will probably still be the same 3 years from now because of the urgent need for tractors, trailers, and new technology. And yes, I did learn that in truck driving school????
 
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