- Credits
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Yellow wanted to change up their operation which they were allowed to do under the present contract.That is the number that should scare O'Brien, $1.5 billion, because that is what Yellow will claim in damages from the IBT.
The contract requires a hearing on a proposed COO.
It was the union that rejected the COO and demanded a reopening of the contract to which Yellow agreed.
Now O'Brien refuses to sit at the table and negotiate.
WOW you called this one.....That is the number that should scare O'Brien, $1.5 billion, because that is what Yellow will claim in damages from the IBT.
The contract requires a hearing on a proposed COO.
It was the union that rejected the COO and demanded a reopening of the contract to which Yellow agreed.
Now O'Brien refuses to sit at the table and negotiate.
Just a refresher. The COO was rejected because it violated our current contract. Because the union refused to violate a contract isn't grounds for a $1.5B lawsuit. May I also remind you Yellow has everything in place to merge all companies into "One Yellow" in the contract. What they don't have is the right disregard job titles, follow the work rules and violate seniority.That is the number that should scare O'Brien, $1.5 billion, because that is what Yellow will claim in damages from the IBT.
The contract requires a hearing on a proposed COO.
It was the union that rejected the COO and demanded a reopening of the contract to which Yellow agreed.
Now O'Brien refuses to sit at the table and negotiate.
You would be wrong. The IBT refused to be a part of a hearing on the COO. The contract requires an official hearing.Just a refresher. The COO was rejected because it violated our current contract. Because the union refused to violate a contract isn't grounds for a $1.5B lawsuit. May I also remind you Yellow has everything in place to merge all companies into "One Yellow" in the contract. What they don't have is the right disregard job titles, follow the work rules and violate seniority.
You union haters are all the same.
What COO? What the union told Yellow is what they proposed was a violation of the contract and not a COO. Now explain to me how I'm wrong. Yellow already has the authority to merge all the companies into "One yellow" but it must stay within the contract boundaries. If upper management would have been a little smarter about the whole situation they would have merged us together now and worked out the new work rules in the next contract next year but they choose to push the nuclear button and here we are.You would be wrong. The IBT refused to be a part of a hearing on the COO. The contract requires an official hearing.
Every inter conference COO violates somebody's supplemental contract.
You just don't get it. Yellow can't pay H&W and pension because they needed the cost savings from the COO to survive. Yellow did not have a year to wait. They made that perfectly clear.What COO? What the union told Yellow is what they proposed was a violation of the contract and not a COO. Now explain to me how I'm wrong. Yellow already has the authority to merge all the companies into "One yellow" but it must stay within the contract boundaries. If upper management would have been a little smarter about the whole situation they would have merged us together now and worked out the new work rules in the next contract next year but they choose to push the nuclear button and here we are.
Since you have no vested interest in this you really should STFU and stop stirring the pot.
Yeah, I get it, and probably better than you. Unlike you, this actually affects me. What Yellow asked for was a complete violation of a negotiated contract, not a COO. You do understand what a contract is, don't you? As far as H&W is concerned, there IS NO STIPULATION IN THE CONTRACT FOR NOT PAYING IT IF YOU WANT TO SAVE SOME CASH THIS MONTH. Yellow not paying H&W is no different than not paying vendors or the bank loans. It's pretty simple and straightforward. Your work force pay and H&W isn't something you pay only if you have the extra cash that month!You just don't get it. Yellow can't pay H&W and pension because they needed the cost savings from the COO to survive. Yellow did not have a year to wait. They made that perfectly clear.
Every inter conference COO changes somebody's supplemental contract.
I believe most of the bonuses were in the form of stock options. Yellow stock is virtually worthless and plummeting. They are Cash Poor. I believe Yellow is finished. So they are looking for ways to blame an end of the company on the IBT.Nor is it something you push in hopes of a loan. CEO, CFO, etc pay & bonuses could easily be pushed for 12 months. Oh wait, never mind. WTH was I thinking?