Yellow | Vote Count Begins On Teamsters Contract At YRC Worldwide!

Does it matter what the vote is?
The people will be told to vote it right with more threats next time, like next vote next week.
Is it not what they do till they get it right.
Maybe Hoff will jump in their and make the vote for you like he did for Reddaway and that will be final, till you get it RIGHT.

I certainly hope so.
 
Yeah, well pound your chest all you want that you voted no but in reality there is going to be alot of middle aged people who have been out of the job market for years competing with twenty year olds if they don't have a plan B as everyone seems to think. Things have changed since ten or twenty years ago.
 
What has changed is most of those 20 year olds don't want to work. Notice how many 18-20 year old new hire's lining up for a job at yrc? Not many!

Yeah, well pound your chest all you want that you voted no but in reality there is going to be alot of middle aged people who have been out of the job market for years competing with twenty year olds if they don't have a plan B as everyone seems to think. Things have changed since ten or twenty years ago.
 
Yep - refreshing and refreshing and refreshing and refreshing cause the stupid page NEVER comes up!!

I got it to go through just a few minutes ago, about 1540 and it still had the the same totals on it yes 2600 no 4500
nothing new to see here folks. move along
 
You must be one of ABF's financial advisors. You need to smell the coffee. YRCW never had any money to buy ABF. It would have been borrowed, then ABF would have been liquidated. And you should get down on your knees EVERY day and thank the good lord you weren't sold. You also better say a few words for YRCW, too. Because if Welch isn't bluffing, you'll be looking for a new job REAL soon.

albag, you are correct.... It would have been borrowed money to purchase ABF.... Explain how they could have borrowed the money to purchase ABF,,,, but cannot borrow the money to refinance there debt without a yes vote.
 
albag, you are correct.... It would have been borrowed money to purchase ABF.... Explain how they could have borrowed the money to purchase ABF,,,, but cannot borrow the money to refinance there debt without a yes vote.

Borrowing to purchase an asset (ABF) means you essentially have collateral for the loan, i.e., the asset itself. Like a mortgage on a house.
 
Explain how they could have borrowed the money to purchase ABF,,,, but cannot borrow the money to refinance there debt without a yes vote.

Simple....lots of assets attached to the purchase of ABF. Difference between a secured loan with equity and refinancing a loan that you can't afford without any changes indicating you will be able to afford it in the future.
 
My point is the only option if YRCW goes out will be UPSF. Because ABF will be right next to YRCW as a memory.

If our contract passes any drivers that comes to UPSF will be making 42 cents a miles and $15.00 an hour.

You think they are all in this together?
 
Borrowing to purchase an asset (ABF) means you essentially have collateral for the loan, i.e., the asset itself. Like a mortgage on a house.

"Debt To Income Ratio"... From what YRC has lead me to believe.... Their debt far exceeds their income.... That should not allow them to purchase a piece of bubble gum..... I personally believe YRC are a bunch of lying leaches that get richer with every concession... I thank each and everyone of the 12028 Teamster Brothers that stood up to them.
 
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