Ok with the company posting a loss of 60m last quarter, how are they coing to show a profit to the point of being able to pay the pension and still make money, in other words if they are still losing money how are they going to pay into the pension again??? any takers???
The weeks vacation that we give up is paying for it. So ---------IT WILL BE PAID!!!!!!!! If you don't believe it, try calling someone you trust more than these forums. Do you base your future or your families future on what you read on these forums? Try calling the right people instead of believing all the "negative experts" on here.
YRC is still gushing red ink. One thing for sure, the banks will not wait until all the assets are liquidated before they pull the plug. YRC plans to consolidate down from 350 terminals to 300 which will help the bottom line but displace more people. Twenty five percent of 300million plus equals about 20 million a quarter that has to be paid back into the pension plan starting June 1, 2011. One thing for sure the employees have done more that their share of sacrificing to save the company. Good luck TP
ya right, we've been hearing that nonsense about pulling the plug goin on 3 years now. What will it take to prove to you naysayers of the world that it ain't going to happen? Not now, not in a decade from now..not ever. How much property did FedEx sell off to pay for the huge acquisitions? That's how they pay for them. And besides you got your own job issues at FedEx![]()
On June 1, 2011, members will start receiving a $1.75 per hour pension contribution. Each pension fund has to determine what this employer contribution will buy for members. In most funds, pension trustees will have to make amendments to their plan to allow such a drastic reduction in contractual pension contributions. The current contribution rate in the freight contract is about $8.40 per hour, with variations by contract supplement.
so, there might be some adjustments..whoopy do
Are you really such a positive person that you can't see straight ? Yrc's costs are much more than FEDX, mainly because of wages and benefits.
How long do you think the banks will let them hang on when they can't pay? At what point does the debt outweigh the collateral? At some point the credit card max's out. I know- I know, YRC debt isn't on unsecured cards. That just takes me back to the last sentence of debt outweighing collateral.
I have been on layoff since March 20th 2009, and would like to think that I will be called back soon. They called me and asked me to sign up for this new 4 hour deal. I jumped at it. I'm just a Truck Driver, but this isn't rocket science either.
The weeks vacation that we give up is paying for it. So ---------IT WILL BE PAID!!!!!!!! If you don't believe it, try calling someone you trust more than these forums. Do you base your future or your families future on what you read on these forums? Try calling the right people instead of believing all the "negative experts" on here.
You say Yrc's costs are much more than FEDX, mainly because of wages and benefits? Negative, Theyre in line with FedEx now with the work rules in place.![]()
When they can't pay what? During 2010, the company has reduced its total debt by $73 million according to the third Q results. Selling off was always the plan to pay for things and obtain credit which is being paid off not being increased.
This is a trillion dollar economy. YRC is doing $4B+ a year without trying. They got this bro
Ok with the company posting a loss of 60m last quarter, how are they coing to show a profit to the point of being able to pay the pension and still make money, in other words if they are still losing money how are they going to pay into the pension again??? any takers???
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