It has been said that ABF will not sign a "me too" agreement.So we will see. Will ABF employee's get an inferior contract.UPS only pulled out of the central states fund.The writing in this letter looks to me ABF would like to pull out of all the funds.
all of the correspondence from Mr D seems to indicate his desire to appeal to his employees
(remember we're family) in order to have us influence our union leaders to give abf what it wants
so far what abf wants is the many concessions contained in the company videos we've been subjected too over the last year that were disguised as quarterly reports.
these videos were nothing short of a direct attempt to negotiate directly with his employees in order to by pass the union reps
a shortcut so to speak
concessions:
let's see the word flexibility jumps out of those videos
start times that change daily based on freight arrival times seems to be on their minds
controlling your retirement money in funds they administer is there also
these are just two big items on their agenda but if you use your imagination and intuitive powers there are many more.
remember in the last video, i don't recall his name, one of the speakers stated that the concessions awarded abf for the premium service or excuse me, RPM and i quote,
" were just the tip of the iceberg"
get ready boys for a rocky road
as far as pulling out of all teamster funds is that financially possible, maybe
abf would have to have some :
: heavy line of credit for sure
abf is certainly no ups when it comes to moolah
ups made a
lump sum payment to withdraw FROM CENTRAL STATES
i guess they even have limitations as ups has not delved into withdrawing from all of them
abf intends to get a revolving charge type payment plan, and if they do what happens in let's say 7 years they go belly up, what guarantees can they make
the withdrawal number abf speaks of is 600 mil, let's see now ups' initial offer was 4 billion which ended up at 6.1 billion and they paid up front plus the guaranteeing of benefits for their remaining employees in the fund
what will abf's final number be?
it will be obviously much more than they offer based on the simple fact they wish to pay over time
ups' initial offer was 4 bil which grew to 6.1 bil + guarantees + paying up front
so if you apply that logic.......
the initial 600 mil offered by abf will likely end up being in
excess of 1 billion
and more importantly that would only be for withdrawing from central states
how much more would they need to withdraw from all the funds that are not affiliated with central states
like i said abf is not the cash cow ups is
however they will look for a "special" deal
will they get it ?
that my friend is up to us
that my friend is why they are attempting to negotiate directly with their employees and
bypassing our legal bargaining agent, namely the union
if i were the union negotiators i would be very pissed off and play hard ball just as a response to that tactic