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I put a check mark on NO, but in reality it will pass again. No one will be able to make more $ anywhere else.
Don't tell me that reality has affected your opinions.
NO way am I happy about the situation at YRC, however with 22+ years (5 weeks vacation, 13:00 start, and full scale -15%) I won't do any better ANYWHERE else. :cry:
[/quote]Not true, if people supported their union and attended meetings to help organize other trucking companies, it can only get better than worse for everyone else. One good way to support oneself and others is to file grievances on unfair work practices that YRC continues to take advantage of people on at work, every day. I kicked, slammed, and broke that lock against the wall on the file cabinet for a reason. So everyone at YRC can have access in getting a grievance sheets when needed. Take a pick, it isn't hard to find anything to file on. YRC makes an average of $1,200 per person working in one month's pay. There are ways of reclaiming that money. Put it a grievance form. Everyone still pays union dues, so if there is an opportunity, "GET R DONE!"
In Good Economic Times, with a Financially Stable Compay-- sure. Today, it would only eat up the operating cash-- IF it even got heard. You're simply wasting your time. .....
[/quote]I disagree, YRC has plenty of off-shore accounts that their hiding from everyone. So basically, no one can be a Teamster, because of Economic Times? The time that is wasted, is the time not filling out a grievance sheet in claiming for the lost $, IMO.
Where do you come up with this crap I.S. , INSTEAD OF MAKING THINGS UP MAYBE WE SHOULD STAY ON TRACK WITH WHAT IS REALLY GOING ON.
[/quote]It isn't crap. I have a good friend who happens to be an auditor, for big corporate banking. It just so happens that my friend is auditing YRCW and their banks as we speak. YRCW's off-shore accounts looks profitable, where they can use that money for people's pensions. As long as the money isn't in America, YRCW can spend any way they want. When everyone voted Yes, YRCW took that money and is hiding it in off-shore accounts for their other trucking companies they have around the world other than the US, and they can legally do that. The only trucking companies that aren't making a profit, are the union companies of YRCW. So if YRCW wants to file Chapter 11, they can request to a judge that YRCW will be profitable under a non-union work force. The judge can grant them their request and wipe YRCW's debt off, and start over having a new clean line of credit, under a non-union work force. Notice how Glenmore is hiring drivers like crazy, also Glenmore is handled by YRCW's off-shore accounts. I believe our checks are made out by people who live in India. See the connection? It is what CF did to get Con-way going, but without the off-shore accounts.
Not sure what kind of school your attending but I think your facts are wrong.
1. Really don't think YRCW is hiding money in an offshore account,since they have none to hide.
They are however selling stock overseas now. Raising money in different countries. See Yahoo finance search YRCW. They are also building the infrastructure of their global companies. The money is coming from somewhere.
2. Some of the Yrcw companies that are profitable right now are union,Glenmoore,New Penn,most of USF all Union,so what exact companies are you talking about.
They quote rates from a centralized number, thus can redirect freight to whatever company they choose simply by altering its rate structure AND changing the "overhead" commission it is required to pay YRCW.
3.A Judge can't do anything about making YRC a non-union company.
In bankruptsy court, the judge is omnipotent. He can void labor contracts with the stroke of a pen.
4.Payroll being processed in India had to do with the company trying to save money,not some big conspiracy theory.
I agree, it was probably just a dollars and sense decision.
5.Did you work for CF? I did and it was an entirely different situation. Sure they siphoned profits from CF to get conway going and built it up over almost 20 years all the while we complained about Double-breasting the Union did nothing saying they were a small regional company and wouldn't be competitive with CF.They didn't shut cf down and start non-union,before that could happen a business would have to be closed for 5 years.If it were that easy to get out of a Union contract it would be happening all the time.
However, by rebranding and linking the YRC subsidiaries, they can alter and redirect freight the non union LTL side (Reddeway) and merge it with Glen Moore, making it a national company. GlenMoore is already being branded as YRC.