On the first offer, they stated that it was" either accept it or we`ll close the doors". Well, that statement wasn`t true. Now YRC has shown that they can not be believed. What will plan "B" offer? My guess is not much more. Everyone has a vote and can vote however they want, but I hope everyone examines these offers very carefully and looks at the long term consequences for themselves and their co-workers before they vote for something that can have a very negative outcome for any of the YRC rank and file. Both the company and the union have a vested interest in getting the agreement ratified. If you vote for a bad agreement, the only losers will be the YRC employees.
You know,
In my opinion, the trouble is the changing of words. Cut and Save - they seem interchangeable, Cut money/save money except that they mean too completely different things. One implies to get rid of something the other implies to keep something put away. If you use them with finances they have drastically different meanings. Cut $$ - to reduce expenditures. Save $$ to put money away for future use.
YRC stated that they are in desperate financial trouble. They have debt that needs to be refinanced and some of the requirements to refinance that debt include getting a labor contract. YRC said that they would be facing a bankruptcy if they don't get a contract with labor - can you deny this? YRC is currently facing a bankruptcy... the clock is ticking....and it's getting louder. YRC said they must refinance the debt by Feb 15th - Has this date changed? Those are facts that haven't changed. Read the financials, the newspapers etc... it's all there. They haven't' lied about it. NOW - I challenge anyone to find me something sent by the company that says "ratify or we close". There isn't anything. They did say they didn't have a plan B. Well - they didn't, now they do. I never believed they would close the doors when the vote came back... but I do believe their troubles didn't get better and in fact became more urgent and pressing when the vote came back NO.
Lets take a look at the "losers and winners" for just a moment -
YES vote -
Company stays in business - has a chance to change course and make it back from the brink of disaster (Which no trucking company has done yet... so I'm told)
Union - lives to fight another day - it's looking like if YRC closes the UNION is all but gone.
Employees - they have taken cuts, yes... they have made sacrifices, yes.... they have good paying jobs, with better than average health and dental. They have a decent place to work while the economy recovers.. they have the freedom to leave at anytime and pursue all the other 'wonderful' opportunities that are so much better than YRCW.....
NO vote -
Company - has impending debt payments coming up - they scramble to come up with plan C...... tick tock... tick tock....
Union - organizes it's files and goes back to the table with the company to 'see' what can be done... tick tock... tick tock....
Employees - sit around and count off the days in February to see if the debt payments due in Feb can be made... if they can... we all sit around HOPING (my fav) that something 'brings the greedy people to their senses'
Seems to me - if a Yes vote is a "losing proposition for the YRC employees" then they aren't going to win period!
Perhaps that's the problem... if the YRC employees lose no matter what it doesn't really matter what happens.....
IMHO..