yellowtooner
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Does anyone know, has this ever happened with any companies before? To try to get an idea as to what happened in those cases?
Yellow | TNFINC MSG Pension Contribution Discussion
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Boilerpeddle
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Thanks for that.
I was familiar with that one but what exactly is TITAN ?
The TITAN (Teamsters Information Terminal Accounting Network) System is a local union dues accounting system and communications network that allows more than 95 percent of our affiliates to effectively administer their dues accounting and record keeping functions. In addition, it provides electronic message transmission capabilities to and from our affiliates connected to the network or International Union offices, in less time than it normally takes to make a phone call.
Boilerpeddle
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Sounds like E-mail
seriously though thanks for the definition.
I think its a fancy way of saying they have accounting software and an internet connection. You know back in the days this was probably high tech. They probably used ISDN or something similar to connect the locals.
KcFanNindy
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75 days for the road
Many times, that doesn't make it better.
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Sounds like E-mail
seriously though thanks for the definition.
In part yes....but it is a secure system that goes only to a local union....TITAN was here long before e-mail came about....KK
Welcome to the dark side Larry.
We've been waiting for you. :twisted:Wierd thing is I found there is always some truths to the rumors like hearing about a merger when Yellow bought Roadway everyone just saying that was rumor or here in Chicago the rumor that the city board was going to be one for one violating senority Hmmmm makes you wonder
RottenRalph
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YRC Wants to Defer Pension Payments
April 10, 2009: YRCW has contacted some Teamster pension funds asking to defer for several months the company’s payment of pension contributions for Teamsters. This is according to IBT Freight Director Tyson Johnson, who says any deal like that must be negotiated with him.
The only good news here is that Teamster can rest assured it will not affect your pension credits. Thanks to court cases our members won years ago, all Teamster pension funds must give you credit for your time worked, even if the fund fails to collect employer payments required under the contract.
YRC Wants to Defer Pension Payments | Teamsters for a Democratic Union
This was the entire article. Is the letter legit? YRC knows they deal through the President of the Union and not through certain locals directly.
April 10, 2009: YRCW has contacted some Teamster pension funds asking to defer for several months the company’s payment of pension contributions for Teamsters. This is according to IBT Freight Director Tyson Johnson, who says any deal like that must be negotiated with him.
The only good news here is that Teamster can rest assured it will not affect your pension credits. Thanks to court cases our members won years ago, all Teamster pension funds must give you credit for your time worked, even if the fund fails to collect employer payments required under the contract.
YRC Wants to Defer Pension Payments | Teamsters for a Democratic Union
This was the entire article. Is the letter legit? YRC knows they deal through the President of the Union and not through certain locals directly.
This is my prediction for YRC [CRY]. Bankruptcy protection and reorganization . Please do not get mad at me just stop and think about it . We had our chance with the pay cut and the merger but that was it . The coo and merger was a complete failure .... We were much better off as two seperate companys.With massive bank dept and heath and pension obligations and no profits to mention. The new Yellow Roadway system is very inefficient and will need a massive change of operation and reorganization . How in the world do you pay for this when you are broke . Our guys that are still working are stretched thin and working overtime but there was still a layoff this weekend .I was told that the layoff was because the bills per hour are to low.Where do you go from here ?What is next for YRC ? The guys in charge have a plan .
Then this:
Billions to Bail Out Banks, Time to Protect Our Pensions
Billions to Bail Out Banks, Time to Protect Our Pensions | Teamsters for a Democratic Union
Billions to Bail Out Banks, Time to Protect Our Pensions
Billions to Bail Out Banks, Time to Protect Our Pensions | Teamsters for a Democratic Union
Sorry my friend but a bailout for our pensions is a long shot at best. If you could of retired last year ,but didn't you've already made a bad investment in your future . This sucks for all of us not just you . Im sure we will all get something from our pensions just not what we thought.
