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Bill Z says to ABF and the marketplace

roger23

Active Member
Share this with anyone that asks:

For the five-year labor contract which began on April 1, 2008, ABF decided not to bargain with YRC and Holland.

In an August 2007 letter, Bob Davidson, former CEO of ABF, stated, “ABF will not consider itself bound to any such agreement reached between TMI and the IBT.”
In another August 2007 letter to the Teamsters, Davidson stated “[ABF] hereby gives notice that it will conduct future negotiations directly with the [IBT] in order to enter into a new collective bargaining agreement applicably only to ABF.”

ABF then dropped out of our negotiations of the 2008 contract and never became a party to our contract. Later, ABF was unable to negotiate a deal of their own and decided to enter into a contract with their employees that we have been told was on the same terms as the agreement that YRC and Holland had negotiated. We are not a party to their labor contract with their employees.

Now GFYs ABF
 
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Jay C

Guest
ABF is getting ready to SLAM YRC.



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You know what? I can already tell that I don't like you..ABF has such a weak case that it is ridiculous. YRC is a true champion that came face to face with death in its darkest hour and did and will do whatever it takes to rise above. They fight and fight man and then fight some more. Because surrender is death, and death is for -ussies.
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:hysterical::hysterical:
 

truckinus

Former YRC Dallas 511
I think YRC is a corrupt scummy company that secures a bunch of loans with no intention or capability of repaying them. Then they default on those loans and expect everyone that does business with or is employed by YRC to take it in the rear. Not one time, but multuple times with no end in sight.
Then the competition crys foul after YRC lowers standards to such a low level that they can't compete. YRC says to GFY.
 
J

Jay C

Guest
I think YRC is a corrupt scummy company that secures a bunch of loans with no intention or capability of repaying them. Then they default on those loans and expect everyone that does business with or is employed by YRC to take it in the rear. Not one time, but multuple times with no end in sight.
Then the competition crys foul after YRC lowers standards to such a low level that they can't compete. YRC says to GFY.

welcome to corporate America where debt and leverage is a game of who gets screwed the most. This is just a routine buyout..nothing scumbag about it. Buy with loans and leverage, sell off assets to pay down debt..reduce head count, capacity and fleet not mention wages etc..the bondholders are the high rollers who usually get screwed but wtf if all goes well they make a killing. The pension is the big question


Donald Trump might be considered a scumbag. He loaded his casinos up with debt..refused to pay bondholders. Lost his casinos that had no future anyway and built high rise luxury condos in NYC with the money he scoffed.
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