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Yellow | The Numbers Don't Add Up!!!!!

Hard Charger

Hard Charger

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I work at terminal 511 in Dallas and we have about 500 active road drivers and still have over 200 road drivers still layed off. I'm giving about $200.00 per week back to the company with this 15% ripoff. Okay $200.00 per week multiplied by 500 drivers is $100,000.00 per week. Multiplied by 52 weeks a year is $5,200,000.00 each year. Okay now the average road driver makes about $65,000.00 each year. Multiply the 200 road drivers that are still on layoff by $65,000.00 and you get $13,000,000.00 per year. Add both numbers together and you get a grand total of $18,200,000.00 in savings just at one terminal. Not including the P&D drivers, dock workers, or the shop workers. Then throw in the money that they are saving by not paying into the pension. This is just one terminal think about nation wide how much money they are saving. THIS COMPANY IS NOT BROKE AND THE UNION IS IN THE BED WITH YRC!!! And just when the stock does go up what do they do? They do a 300 to 1 split so if you had some stock you wanted to sell it is now worthless.
 
Not paying laid off guys is not saving money. But yes , they have a great deal less labor costs than they used to but still lose money. Lots of it. The merger was a train wreck. YRC has been scrambling since to make it work. The big losses before the merger were mostly write downs , goodwill , accounting adjustments etc. Not loss from operations. So why the panicky merger in 09 ? huge , looming debt repayments that could not be met. Zollars acquisitions of RDWY and USFT screwed everyone , except for the stockholders of those 2 companies.
 
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