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[quote author=CDL holder link=topic=79282.msg823165#msg823165 date=1271768262]
[quote author=Red link=topic=79282.msg822990#msg822990 date=1271715089]
Remember when the IBT said that ABF is not in the same boat as YRC, yet a 15% concession good for the duration of the contract. Yes the pension is not in "THIS" package, remember the first YRC package.
[/quote]
If this has concession is going to happen then why are we taking a bigger cut (wage wise) than YRC? We are being asked for 15% while YRC gave 10% and 5%. That's not the same thing:
YRC: $2,000 x 10%=$200 making your new earnings $1,800
$1,800 X 5%=$90 making your new earnings $1,710
ABF: $2,000 X 15%=$300 making your new earnings $1700
If you do the math YRC gave back 14.5% off the original earnings while we are being asked for 15%. In this earnings example we give back an extra $520 in year one compared to YRC.
[/quote]Your math is wrong. The 5% is not based on the 10% earnings, it is 15% of $2,000, just like you are being asked. We are taking the same cut.
[quote author=Red link=topic=79282.msg822990#msg822990 date=1271715089]
Remember when the IBT said that ABF is not in the same boat as YRC, yet a 15% concession good for the duration of the contract. Yes the pension is not in "THIS" package, remember the first YRC package.
[/quote]
If this has concession is going to happen then why are we taking a bigger cut (wage wise) than YRC? We are being asked for 15% while YRC gave 10% and 5%. That's not the same thing:
YRC: $2,000 x 10%=$200 making your new earnings $1,800
$1,800 X 5%=$90 making your new earnings $1,710
ABF: $2,000 X 15%=$300 making your new earnings $1700
If you do the math YRC gave back 14.5% off the original earnings while we are being asked for 15%. In this earnings example we give back an extra $520 in year one compared to YRC.
[/quote]Your math is wrong. The 5% is not based on the 10% earnings, it is 15% of $2,000, just like you are being asked. We are taking the same cut.