No COLA For YRC Teamsters - How Members May be Affected
In the recent concessions made by Teamster employees at Yellow Roadway, the cost of living allowance was ruled out during negotiations between YRCW and the International Brotherhood of Teamsters (IBT).
If inflation or even worse, hyper inflation were to disrupt the US economy, this would be staggering to Teamster employees with no COLA built into the recent concessions. Union employees would be looking at an estimated $2,500.00 to $5,000.00 dollars a year in added living expenses if Bernanke's QE2 should fail and inflation were to kick in.
In the recent concessions made by Teamster employees at Yellow Roadway, the cost of living allowance was ruled out during negotiations between YRCW and the International Brotherhood of Teamsters (IBT).
If inflation or even worse, hyper inflation were to disrupt the US economy, this would be staggering to Teamster employees with no COLA built into the recent concessions. Union employees would be looking at an estimated $2,500.00 to $5,000.00 dollars a year in added living expenses if Bernanke's QE2 should fail and inflation were to kick in.
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