Hollywoodz
TB Veteran
- Credits
- 74
Because companies are bound by contract and unable to arbitrarily chance policy including pay, they lose a critical degree of flexibility to adjust to rapid changes during times of economic volatility. The YRC Teamsters were given a choice a little over 10 years ago. Take a 15% pay cut and 75% pension reduction or we close the place up.
Which goes to show that Teamsters are attuned to the needs of the companies they serve. Had the Teamsters not allowed that flexibility, YRC would certainly be gone by now. Keep in mind that many companies cry poverty to limit the compensation packages of their employees. "We can't afford it", they'll say. The beauty of Teamsters representation is their ability to obtain and understand the financials of these companies to determine the real situation with respect to what they can and cannot afford. You can't do that on your own. On your own, you have to take their word for it.