I hadn't heard it called black Friday, but people were definitely in a down mood. The headcount drop seemed to impact Overland Park/Akron about as much as field locations.
As for the buyout, I think it is a standard severance package. If you are close to retirement, you call it retirement. If you aren't close to retirement, you call it hard layoff/fired/job elimination. Either way the package is the same (so many weeks of pay based on years of service).
I know some people that were given the chance to volunteer, and they did. Other people (most) were just whacked.
Times are tough. I hate to see the impact to people and their families.
CorpOffice
I fully agree with this post.
It's tough all over and just not at YRC.. The economy has never fully recovered from 911 and then oil spurting up like it has these last few years or so has not helped either. We all victims here of "Free Markets"... We have been sold a bill of goods from our leaders in D.C. about competition makes the companies stronger but in fact it takes away from the service because you have to operate cheaper and cheaper to survive, thus the consumer is actually being ripped off because the same level of commitment is not there from everything you buy from transportation to the shoes you wear..
I'm trying to understand the madness. Were you sales, part of yellow moving in with roadway? or something else? I pray you will find something much better. Your comments are coveted...Please continue to post. You are still a Trucking Friend. Thanks in advance.Those who were laid off (I was one of them) were not all dead weight as someone said. I worked for USF Holland as a part time employee in the office. It's a pretty sad day when they let go of very qualified people only to keep those with nothing much to offer. One is on the cusp of retirement, and she wasn't offered anything to leave early. Instead, they cut part time people who can work up to 35+ hours with no benefits? It makes no sense. I worked in an office that already had a skeleton crew. I don't even want to see what will happen if someone becomes ill. There won't be anyone there to complete their tasks while they are off recuperating. Thanks to all who made positive and supportive comments to those of us who were "Black Friday" victims!
At Indy, Smitty Retired this week after 31 years; he was probably our best SOM. His job (Daytime Next-Day guy) was being eliminated, he was being demoted or let go. We'll miss him. Wish him the Best! But it's life. We move on. We've got a couple of New to the Industry kids working as Dock Foremen to learn to take his place....?????.......
You said it all Snortin Nortin
It's tough all over and just not at YRC.. The economy has never fully recovered from 911 and then oil spurting up like it has these last few years or so has not helped either. We all victims here of "Free Markets"... We have been sold a bill of goods from our leaders in D.C. about competition makes the companies stronger but in fact it takes away from the service because you have to operate cheaper and cheaper to survive, thus the consumer is actually being ripped off because the same level of commitment is not there from everything you buy from transportation to the shoes you wear..
The ones released were hired (just like you and me, because of potential /experience). They were released because they were doing "ditto work". You might want to see who is copying yours. (HUH, What?):smilie_132:Probably the one's laid off were the poorest performers in their terminals.
ed d linehaul manager at indy retired friday. Or had no choice,who knows he had over thirty years.
Something changed in their retirement accounts in the past month as well. I have been told the "Older" guys could still get theirs, but the "younger" guys investments are more controlled, and some are "locked" so they cannot just quit and get theirs, or something........I don't know the facts on it, but it may have contributed .....
Staying longer won't increase anyone's old pension. .
Those who were laid off (I was one of them) were not all dead weight as someone said. I worked for USF Holland as a part time employee in the office. It's a pretty sad day when they let go of very qualified people only to keep those with nothing much to offer. One is on the cusp of retirement, and she wasn't offered anything to leave early. Instead, they cut part time people who can work up to 35+ hours with no benefits? It makes no sense. I worked in an office that already had a skeleton crew. I don't even want to see what will happen if someone becomes ill. There won't be anyone there to complete their tasks while they are off recuperating. Thanks to all who made positive and supportive comments to those of us who were "Black Friday" victims!
Oh, no! :shock:...Or it could have been something else entirely. I must have missed the memo; surely they sent me one?????!!!!!!!!! My answerring machine was off too. I'm quite sure they called me....:smilie_132:
OK, so that means a person then wanting to stay longer (after 30 years) for more retirement, and more vacation (for instance a lump 6 weeks off, then contemplate reitirement) would have been wasting his time to stay longer. That COULD then have been tied to the enmasse exit.
Pretty much. I'm not sure about the vacation policy, but Yellow has been a pro-rated vacation for at least 10 years. That means if you quit after 2 months, you get 2/12s of your vacation as credit. A new retirement plan will be subsituted in January, but for an old timer, that just won't make a different. All these changes happened 7/1/08. After that, a lot of the 30+ people (and some of the 20-30 year people) just don't have an incentive to keep working other than salary and medical benefits.
In the mean time, if you are one of the "lucky" ones left behind, then you get to do your old job plus the job of the guy that got let go.
I'm from a different board here, so pardon me. .... a couple of new kids in the industry .... learning to take his place ...... why let a good man slip away ..and take two to replace him ...... I'm sure I have missed something here.