Hey not trying to argue with you just merely saying what the strategy was. Also not pointing out if leadership is a cancer or not.. Truth is they had some very good talent that moved over from FDXF that will be without jobs also if they close. This has been years in the making so it was not just this one strategy at the end of the day that is to blame. However they did try to move to that model and the road blocks on both sides could not be overcome.
There's a reason they were FedEx rejects. So they couldn't get non union to follow their crazy policies. Let try on union. What could go wrong?
I disagree with your statement on the FDX rejects. We lost some dang good folks and some bright folks because like a lot of us were Fedup with the BS They took an opportunity on a gamble. We have lost some very bright individuals at the hands of how this company treats folks. Now I am sure some are gone that are better than others however to call them FDX rejects shows a lot about what you know.
My apologies on making a blanketstatement. Should have been more specific. Referring to Darrel H, and Bill C. Some of the worst management I've ever been around. Not to mention heartless towards associates.
No worries... I remember those days very clearly and you are very correct I think more areas other than NAS have never recovered from those times. The Cherry times where so fun and great... Everyone was so chipper to provide that Purple Kool-aid.
I think at least at one time yellow/yrc was a company the US govt couldn’t afford to let fail. Sometimes it’s a be careful what you wish for. It could have very large impacts on vital freight lanes. If yellow just sinks the slack isn’t going to be instantaneously absorbed. I think that is why the govt has been so willing to bail them out.Funny (NOT) that the ONLY lender willing to risk further financing was the U.S. Government. I would not loan money to a company with long term negative margins (losses), not even able to break even. But collectively we have, under the name Uncle Sam, and are already on the hook for 30%. More if you factor in The Pension Benefit Guaranty Corporation (PBGC) - A U.S. Government agency.
How PBGC Operates | Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (PBGC) protects the retirement benefits of over 31 million workers and retirees. PBGC operates two separate insurance programs — the Single-Employer and Multiemployer Insurance Programs. By law, the Multiemployer and Single-Employer Programs are operated...www.pbgc.gov
Not sure who to blame. Poor managment long term, mostly (obviously). Some like to blame Teamsters, but other Teamster carriers are doing well, profitable AND paying dividends at ABF, for example.
That's exactly what they want. If you quit, they don't have to pay your unemployment.
Yes... natural attrition... Why furlough has been strung out... they want the benefits of being staffed without the cost that comes with it. Also it is a media debacle if communication has to be released about layoffs. It is all a game to keep public views as positive and stock price up at the expense of hourly employees. Corporate greed.
PREACH!!!!
All have the same owner
Can't forget Thompson, especially since they all went skinny dipping up around Chicago.
