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The request adds to earlier suggestions that YRC may ask for additional concessions from the union rather than an extension of their current terms. Welch’s letter to employees had said the new contract would need to increase the company’s competitiveness, but it did not specify how.
:rolleyes::can someone explain what a holistic refinancing solution is to this 309 dockroach?
We tend to blame $bill and YRCW for the financial condition we face. But the reasons extend to the banks that provided money to Yellow Corporation and later YRC Corporation. Failure of the banks to recognize the risk is why I feel they should accept some of the sacrifice.
Well so much for the 7% rumor, stick a fork in that one. They're trying to pin some of the blame on a sluggish economy, that's a laugh, the last thing YRC needs is a rubust economy, they can't get drivers as it is, in a robust economy they'll be left in the dust of those with the ability to increase capacity. What's the absenteeism issue? Guys taking days off because of too much forced overtime?
But the reasons extend to the banks that provided money to Yellow Corporation and later YRC Corporation. Failure of the banks to recognize the risk is why I feel they should accept some of the sacrifice.
Well so much for the 7% rumor, stick a fork in that one. They're trying to pin some of the blame on a sluggish economy, that's a laugh, the last thing YRC needs is a rubust economy, they can't get drivers as it is, in a robust economy they'll be left in the dust of those with the ability to increase capacity. What's the absenteeism issue? Guys taking days off because of too much forced overtime?
Its amazing how welch can still use the term "STRUGGLING ECONOMY" when almost all ltl outfits posted profits, O.R'S from 84.4 to 97.5. I think welch is talking about a differnt economy, maybe hes got Irans numbers mixed up with americas?????
Its amazing how welch can still use the term "STRUGGLING ECONOMY" when almost all ltl outfits posted profits, O.R'S from 84.4 to 97.5. I think welch is talking about a differnt economy, maybe hes got Irans numbers mixed up with americas?????