so what if after 14 months YRC still is in a hurt. Can they say we need another year? My opinion is that if YRC can`t get str8 in 14 months we all we be gone....:USA:
Good advice, be smart and get moving on it. you need toI am not going to disagree with you, but use the next 14 months to get yoursself right. If we have that long.
Some simple math here, yrc claims to spend (on average) $40 millwaiting to see what kind of collateral yrc has left to put up,seems everything been sold and leased back. theres no value left,this vote will pass, wake-up, are you ready to live every day worried about tomorrow.tell them no,stick a fork in it,were done.
I thinkn there is a big misunderstanding hereSome simple math here, yrc claims to spend (on average) $40 mill
per month on pension payments. 14 months X $40 mill = $560 million.
Does anyone believe yrc has $560 million in free and clear properties
Laying around? Everything they own is already tied up, we won’t see a dime.
We took the pay cuts for %15 ownership/stocks so we could get our money back. how’s that panning out?
Crap, even worse. I didn’t have my lawyer hat on when reading thru the secI thinkn there is a big misunderstanding here
The 14 month deferment is UNSECURED not backed up by property liens, basically an IOU. Only the current quarter is to be secured by secondary liens on property.
After the 14 month deferment there will be a repayment process which they haven't said how long it will take. It could be completely open ended.
I have been told since I have been in the union that the pension would be gone by the time I retired along with Social Security. So it really doesn't matter to me except I have friends who are, and are about to rely on the pension for their retirement.
exactly, yrc saying, here charlie brown kick the football, i wont pull it away this time. haa haaAaaarrrrggghhhh
Just a small difference. When you went to FEDEX, you understood the rules and benefits. We (Union) were sold a better bag of goodies. But, now the bag seems to be empty.:shades:If you are feeling so let down and so used,,,,,,,,Come join us at FEDEX we will show you just how useddddd you can be. We have no retirement to speak of!!! Good Luck