I don't think anyone's AFRAID, but many are CONCERNED about losing their job...if a merger were to happen. Only the most senior union folks would have a chance to bump in, and with YRCW adding more debt, because it would require more debt, they would be grinding that interest out of labor....The day will come when YRC's notes will be called. Just paying the interest won't be enough. Those at the very top, are independently wealthy anyway, and will be ok....as long as all transactions were handled legally and properly, and the attorneys have made sure of that...I would like to see ABF get 5 more years personally
Sorry Brother, Management is afraid and concerned, why do you think they are pushing so hard? I do agree with you about YRCW notes will be called in and that is why I personally don't think any kind of buy out will happen. Why would you throw good money on a bad horse that has proven that it will never pay off. YRCW won't be anything more then it is now, and will be lucky to survive. Just my opinion.......