We received Thursday a company wide email from YRC CEO. He started off with a dim picture of last quarters report. YRC lost 37 million last quarter and he stated the immediate recovery is not foreseen. At this point in his email he indicated he will spend the next 3 to 4 months going around to the terminals presenting a offer of voluntary leave of absence and a .voluntary separation (retirement) from the company. He indicated this will be offered on a broad range. Also he stated YRC will be coming up with a single universal retirement package for its employee's Ok..........what does this mean?? We will soon find out, will keep you posted. :
