Actually, I stated, ABF was fine, union mentality sucked. Everyone has their priorities. I have run for both, if going to union shop and mentality that goes with it suits a driver that's fine. I wasn't suited for the "Whiner" and "Just enuff to get by" mentality of union shop, some are, I wasn't. 80% of my terminals drivers were union, ABF/Yellow etc. ex-union have been here since 05 when OD took over, never lost an OD driver here due to a union shop hiring, yet sure get a lot of union guys asking for applications. We have tripled our location in 8 years, ABF and Yellow closed their terminals. Yep, great to be ignorant, just NOT TO THE FACTS.
I guess you missed this memo to huh? Now let's just see your matching statement and your $8,000.00 a year return on your account. You may try and push some around but I will be your HUCKLEBERRY!
Cost-Reduction Actions
In response to economic conditions, Con-way announced in March 2009 several measures to reduce costs and conserve cash.
These measures substantially consist of the suspension or curtailment of employee benefits and a reduction in salaries and wages,as detailed below.
Salaries and Wages
Effective March 29, 2009, the salaries and wages of certain employees were reduced by 5%, including corporate and shared-services employees and those at the Con-way Freight and Road Systems business units. If this reduction would have been
effective in the first quarter of 2009, wages and salaries expense would have been lower by $11.9 million and a substantial portion of the expense reduction would have been recognized in the Freight reporting segment.
Compensated Absences
Effective April 1, 2009, a compensated-absences benefit was
suspended at Con-way Freight. Prior to the suspension,
employees’ current-year service earned a compensated-absences benefit eligible for use in the subsequent year. During the period of suspension, no compensated-absences benefits will be earned for current-year service; however, employees may
use previously vested benefits. The compensated-absences benefit expense in the first quarter of 2009 includes a $3.3
million decrease attributed to the salary - and wage-rate reductions effective on March 29, 2009, as the future payment of previously vested benefits will be paid at reduced rates. If the suspension would have been effective in the first quarter of 2009, the expense for compensated-absences benefits recognized in the Freight reporting segment would have been lower by an additional $10.6 million
Also, effective March 8, 2009, Menlo Worldwide Logistics reduced its compensated-absences benefit by 25%. During the period of reduced benefits, employees’ current-year service continues to earn (at a lower rate) a compensated-absences benefit eligible for use in the current on would have been effective in the first quarter of 2009, the year. If this suspension expense for compensated-absences benefits recognized in the Logistics reporting segment would have been lower by $0.4 million.
And it goes on and on. You can read it in it's entirety at.
http://www.con-way.com/resources/section16_qtrs/2009/09_03_10Q_Final.pdf
SO DON'T TALK LIKE SUCH A HIGH AND MIGHTY!
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