screwedincol
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i also heard that yellow has to come up with 40 million big ones to pay off holland dept now instead of the 40 year agreement watch the stocks boys
STL just laid off two more on the road to make a total of Fifty road drivers laid off now. LOM is screaming for more drivers to handle the freight but CDO keeps calling for lay offs. What's up with this? Are they trying to lose business. we are supposed to have two new customers coming on line in STl this month. Hope we have enough drivers to handle the freight.
Thats okay, the way I read it, if the contract goes through, very few if any will be called back. If you look at the contract, the company doesn't have to take laid off drivers or dockmen, for Utility Driver positions. They can hire from outside if they choose to. Anyone not vested will have partially exhausted their unemployment by then and the company can walk away. The union will get all the non vested pension money that has been contributed and not have any obligations to any of them, making their funding percentage jump accordingly.
Why would the company hire outside people when they can just call back the current workers who know what Yellow wants them to do?
1. I didn't say the IBT got any of the money. What I said was they could rewrite history. Instead of this being a bloodbath of betrayal, it could be projected down the road as having been the savior of LTL pensions (all regions) by Hoffa. Remember, history is written by the winners !!!
2. Maybe in your barn they do. However in many linehaul barns, the bottom 10 - 13% don't, unless they came from another LTL. I'm vested elsewhere also, however I was told by Central States, you have to have 5 years HERE, in Central States, to have your YRC years vested.
Apostolic, the reason they could dump all non-vested teamsters like that is simple, more money for each regions pension funds.
The company makes money by hiring 75%'rs in all Utility positions and saves a fortune also.