Benny Hill
I'm Back (kinda)
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This is some information everyone, Union and Non-Union, at Reddaway should find very interesting. I'm posting this to maybe help clear up some of the misunderstandings/disagreements between some of you. You tell me what it means to you?
Maybe this will answer the question for Non-Union Reddaway employee's? Now it could be referring to management personal only but, it doesn't sound that way to me. Has anyone said anything about a 7% ownership stake in the company? Maybe they're only talking about management, you tell me what it means?
Non-union employees will experience the same or greater percent reduction in total compensation as their union counterparts, including modifications made last year to the non-union pension, retirement and other benefit programs. Non-union employees have also received options to purchase up to a seven percent ownership stake in the company. Senior executives will reduce total compensation, but will not be eligible to participate in the stock option program.
And yes, the Union terminals will get to vote, if they take a wage reduction or not.
A number of other Teamster bargaining units and bargaining units represented by other unions are not subject to the National Master Freight Agreement. The company's estimates of cost savings also assume that a significant number of these additional bargaining units ratify similar proposals.
Click here for the entire story, its got alot of good info in it.
Teamsters Overwhelmingly Vote 'Yes' to Modify Current Contract with YRC Worldwide | SYS-CON UK
Maybe this will answer the question for Non-Union Reddaway employee's? Now it could be referring to management personal only but, it doesn't sound that way to me. Has anyone said anything about a 7% ownership stake in the company? Maybe they're only talking about management, you tell me what it means?
Non-union employees will experience the same or greater percent reduction in total compensation as their union counterparts, including modifications made last year to the non-union pension, retirement and other benefit programs. Non-union employees have also received options to purchase up to a seven percent ownership stake in the company. Senior executives will reduce total compensation, but will not be eligible to participate in the stock option program.
And yes, the Union terminals will get to vote, if they take a wage reduction or not.
A number of other Teamster bargaining units and bargaining units represented by other unions are not subject to the National Master Freight Agreement. The company's estimates of cost savings also assume that a significant number of these additional bargaining units ratify similar proposals.
Click here for the entire story, its got alot of good info in it.
Teamsters Overwhelmingly Vote 'Yes' to Modify Current Contract with YRC Worldwide | SYS-CON UK