Yellow | BREAKING NEWS ; ABF Freight System, Inc. Files Legal Actions Against Teamsters, YRCW

[jlb]

Go ABF!! The NMFA was suppose to be good for 5 years, if people wanted to take a pay cut for their company fine, but the No voters should not have had to.

when pie took a pay cut it was only yes voters , no voters didnt.

 

[tutone710]

thank you ABF

Attention all mesters hand in your logs and clean out your trucks, your time is up I love it

 

[jlb]

Here's some questions for you'll . First why didn't ABFS do this BEFORE the vote ? Second why sue YRC , Holland and New Penn ?

i believe they said they have been neg. with the ibt ever since yrc started their consessions,

 

[Spaghetti]

I can see this happening too. YRCW can easily shut the doors tomarrow or 12/31/10. Not just because of ABF's lawsuit, but because YRCW got the vote passed and now they no longer have to honor the (original contract).

This new contract doesn't start til 01/01/11, which also waves the old contract. Now, no one will be entitled to any pension contributions for the last 18 months. The $325 million just went to the investment bankers, as their payoff.

The investment bankers weren't going to make their money on the reverse split in the Stock Market. YRCW just covered their with a lot of people's retirement money, by the use of the Homer Simpsons' of YRCW that voted Yes.

 

[cracker]

This Soap Opera is getting stranger and stranger!

 

[abfgreasemonkey]

No, ABF teamsters voted NO on givebacks, not ABF

 

[electraglideatl]

Well boys and girls get ready for concession # 4 to help pay the lawyer bills and the 750 million law suit.......

 

[Free Dumb]

I can see this happening too. YRCW can easily shut the doors tomarrow or 12/31/10. Not just because of ABF's lawsuit, but because YRCW got the vote passed and now they no longer have to honor the (original contract).

This new contract doesn't start til 01/01/11, which also waves the old contract. Now, no one will be entitled to any pension contributions for the last 18 months. The $325 million just went to the investment bankers, as their payoff.

The investment bankers weren't going to make their money on the reverse split in the Stock Market. YRCW just covered their with a lot of people's retirement money, by the use of the Homer Simpsons' of YRCW that voted Yes.

B-I-N-G-O Baby!!

 

[electraglideatl]

I can see this happening too. YRCW can easily shut the doors tomarrow or 12/31/10. Not just because of ABF's lawsuit, but because YRCW got the vote passed and now they no longer have to honor the (original contract).

This new contract doesn't start til 01/01/11, which also waves the old contract. Now, no one will be entitled to any pension contributions for the last 18 months. The $325 million just went to the investment bankers, as their payoff.

The investment bankers weren't going to make their money on the reverse split in the Stock Market. YRCW just covered their with a lot of people's retirement money, by the use of the Homer Simpsons' of YRCW that voted Yes.

Spaghetti, I vote for you to be president of the IBT and YRC since they are "one" now.....I like the way you think sir........nuff said

 

[Wrench97]

I can see this happening too. YRCW can easily shut the doors tomarrow or 12/31/10. Not just because of ABF's lawsuit, but because YRCW got the vote passed and now they no longer have to honor the (original contract).

This new contract doesn't start til 01/01/11, which also waves the old contract. Now, no one will be entitled to any pension contributions for the last 18 months. The $325 million just went to the investment bankers, as their payoff.

The investment bankers weren't going to make their money on the reverse split in the Stock Market. YRCW just covered their with a lot of people's retirement money, by the use of the Homer Simpsons' of YRCW that voted Yes.

What $325 million the recent credit agreement? If so the banks will just be paying themselves with their own money.

 

[electraglideatl]

What $325 million the recent credit agreement? If so the banks will just be paying themselves with their own money.

I pay myself all the time with my money.......Its normal

 

[Fr8holler]

So does the Federal government !

 

[jodock]

This is awesome. My no vote didn't do much, but this will. It is time for the banks to give and back off on all these "fee's".

 

[electraglideatl]

So does the Federal government !

You are right about that.....

 

[rgdg5]

Chicago locals did too but the ibt just kept voting them til they got it right

 

[mike]

yea that is crazy, vote till you get it right. what a union. this place should be shout down period

 

[Texas Larry]

Got a chance to read the lawsuit and grievance (abflegalaction.com) which appears to read that ABF is asking to void the three YRC deals with the Union, and asking the judge to enforce the contract as it is written. They quote Article 2, Article 6 language about the contract applying to all the signatory companies and not being able to negotiate seperately since it is a multi-employer agreement. The lawsuit details ABF's efforts to negotiate with the teamsters since 2007.
They want YRC to pay the current contract rates for wages and pension........they do not ask the court for the same concessions for their employees.

 

[Free Dumb]

Watch out ABF, YRC might borrow a couple more billion dollars and buy you outright!

 

[Deleted member 5115]

Watch out ABF, YRC might borrow a couple more billion dollars and buy you outright!

Now that's funny.

 

[trouble causer at 309]

rock on abf. I work for yrc, (actually hang out there since the giveback) but ABF is my new hero. I hope they succeed with this and win big time...!!!!!!!!!!!