- Credits
- 528
Yellow | Remember & Never Forget!
- Thread starter Kennesaw Kid
- Start date
25,000 x $20,000 = $500 Million 25,000 x $10,000 = $250 Million the company barely makes a profit now no way in hell can they give back the full pension and 15% it's not coming back YRC lost too much freight went from being an almost $10 Billion company to $5 Billion lost over half their freight.
That's why they have investors . They have been investing in our company for 10 years. Now it's time to invest in there driving force!
I want everything back too but lets be realistic does YRC have an extra $750 Million for full pension and 15%?
LEHIGH vALLEY
TB Veteran
- Credits
- 0
How about a little bit at a time?
How about say, Over a 4 year deal on top of the usual 40 cent a year raise they add say another 25 cents (And no more taking 15% of the damn raise back!) And then add "X" amount on top of the Pension\ H&W increase. ("X" being settled on my the Union)
There's no way to get it all back in one shot. But adding a little each year? Hell it beats getting nothing!.
Just a ideal
How about say, Over a 4 year deal on top of the usual 40 cent a year raise they add say another 25 cents (And no more taking 15% of the damn raise back!) And then add "X" amount on top of the Pension\ H&W increase. ("X" being settled on my the Union)
There's no way to get it all back in one shot. But adding a little each year? Hell it beats getting nothing!.
Just a ideal
Try'n Hard
SITUATION CRITICAL..... but not serious
- Credits
- 0
This is what needs to happen. I wasn't ever expecting an instant 15% raise, just a path back to fair wages. Something like 4% a year for the next 5 years is acceptable.
- Credits
- 528
Had we voted NO the 2nd time, we could have pushed for the same deal that ABF got....it WAS paid back over the length of their MOU
Screw any pension increase.Get the damn thing fixed.It will be insolvent in 7 years and full contributions wouldn’t make it last another year and a half.
Even at the 25% rate the company is paying a lot more than any of the supposedly higher paying union jobs pay with their 401k match.
Everyone knows tha money being contributed on the current rank and files behalf is only benefiting those already retired.
We all appreciate the sacrifices of our former union brothers and many of us have sacrificed and walked some picket lines and hung out at the burn barrels ourselves.We appreciate our old war veterans too but, we aren’t still trying to kill the Japanese.These are different times and I personally don’t believe any union member ought to let the next generation of teamsters sacrifice their pay and pension contributions to keep them rolling knowing fully well they will never see a pension.
Times have changed and I just wish one would actually do a little math before spouting off about full pension contributions and full wages.It simply cannot and will not happen.At the end of the day I think most know in their hearts that we would still rather work here than most of the non union jobs out there.The IBT should vigorously be trying to change the railroad act b.s.
and force the Estes, Averitt ,AAA Cooper, Southeastern, R & L Gator,
Old Dominion ect to pay time and a half after 40 just like every other employer in the U.S.A has too.They would all have to roughly pay a couple hundred more per week per employee adding up to over 100 million per year for some of them.Then we could compete and we would see some big changes in those companies.
I just hope people are realistic and realize the ignorance of the “ full rate or lock the gate” crowd.Ive spoke to many of them and they are the least informed about the companies financials than anyone.Quite frankly they don’t care they just want theirs.
Even at the 25% rate the company is paying a lot more than any of the supposedly higher paying union jobs pay with their 401k match.
Everyone knows tha money being contributed on the current rank and files behalf is only benefiting those already retired.
We all appreciate the sacrifices of our former union brothers and many of us have sacrificed and walked some picket lines and hung out at the burn barrels ourselves.We appreciate our old war veterans too but, we aren’t still trying to kill the Japanese.These are different times and I personally don’t believe any union member ought to let the next generation of teamsters sacrifice their pay and pension contributions to keep them rolling knowing fully well they will never see a pension.
Times have changed and I just wish one would actually do a little math before spouting off about full pension contributions and full wages.It simply cannot and will not happen.At the end of the day I think most know in their hearts that we would still rather work here than most of the non union jobs out there.The IBT should vigorously be trying to change the railroad act b.s.
and force the Estes, Averitt ,AAA Cooper, Southeastern, R & L Gator,
Old Dominion ect to pay time and a half after 40 just like every other employer in the U.S.A has too.They would all have to roughly pay a couple hundred more per week per employee adding up to over 100 million per year for some of them.Then we could compete and we would see some big changes in those companies.
I just hope people are realistic and realize the ignorance of the “ full rate or lock the gate” crowd.Ive spoke to many of them and they are the least informed about the companies financials than anyone.Quite frankly they don’t care they just want theirs.
Exactly, my friend. And the sooner the "pay the rate, or lock the gate" Brothers and Sisters acknowledge and accept this reality, the sooner a realistic proposal from the Teamsters will be possible.
The “ investors” invests in the company in the form of stock and expect returns based on the company’s profits and future earning potential.
The “ lenders” loan the company for day to day business in order to keep the doors open and receive their interest payments.
Both the lenders and investors have their best interests at heart not ours.
The lenders and the investors aren’t going to give a bunch of angry teamsters an amount that won’t benefit them as well.
Hopefully we can get respectful raises and maintain our healthcare on upcoming contract.It seems everyone thinks we are only negotiating with the company when in reality the wage increases will be approved by the lenders or they simply won’t loan the money for us to stay in business.
Like I said time to invest in there driving force
Hillbilly143
TB Lurker
- Credits
- 73
We have given for 10 years 10 years people. It's about time we get this thing resolved give us what is do . The guys that talk about giving back slowly need to realize 10 years is a long time to be managing money you can give mine back to me because I gave when it was necessary it is now necessary for the company to pay all of us back I'm sorry that you are living in a fairy tale would you think you need to be paid slowly I thought we were Teamsters Teamsters I say grow some balls get what is rightfully yours. It is time to fight for what is rightfully yours from what was tooken from you .
I totally agree h Time is up pay you're employees!!
LEHIGH vALLEY
TB Veteran
- Credits
- 0
I fell you pain about Central States but please remember there are other, Solvent Pensions Funds out there that a Pension increase would help.
It’s would probably be a good idea if we negotiated as such.
If more pension contributions would help certain conferences or regions that would be great.I hope employees getting contributions into Central States do like the Western conference did.Freeze pension and put contributions into 401k.
It’s gotta get fixed..we are throwing our money into a sinking pit.
It’s a messed up situation..I don’t want to see anyone’s pension reduced but I also don’t want to see people getting money paid in on their behalf for 20 years and only see a couple hundred per month if they’re lucky.
choppernut
TB Lurker
- Credits
- 291
I see this from the companies side also why should they put themselves out of business paying into a pension nobody collects . I’m retiring soon with a 1400 dollars a month discount thanks to the last 10 years of part payments by yrc !!!!
