ABF | ABF Freight, Teamsters meet in KC to hash out labor deal

[R-14Driver]

ABF Freight System Inc. and the International Brotherhood of Teamsters are meeting in Kansas City this week to continue discussions on a labor agreement between the two parties.

ABF, a subsidiary of Arkansas Best Corp. (Nasdaq: ABFS), is asking employees to accept concessions in wages and pension coverage to cut labor costs to a level comparable with ABF’s chief unionized rival, Overland Park-based YRC Worldwide Inc (Nasdaq: YRCW)..................

ABF Freight, Teamsters meet in KC to hash out labor deal - Kansas City Business Journal

 

[Docker]

Additionally, the company said the proposals put forth by the union will not protect jobs or retirements.

“Instead (they) will have the opposite effect by simply putting us in an even deeper financial hole than we are in now, having racked up $230 million in losses since 2009,” a release said. “Additionally, a two-year agreement that would sync us back up with YRCW simply is not in the best interest of ABF employees.”

They just love putting out that $230 million in losses since 2009...but with no explanation on how they arrived at that figure. I wonder just who came up with that contract negotiation slogan?

Could it be the same person who came up with this:

 

[roadboss]

But we lost money !,And it's your fault