Zip,
Very well written. Your theory is great IF you don't believe that YRC is in a jam at all and all of this is a big conspiracy to eliminate the Freight Division. It's also a great theory if you think that they want to help bankrupt all other employers who contribute to the CSPF including every Local. I really don't have an opinion about the Chinese Carrier but I know it was and is being done on even more borrowed money and so it's probably in jeopardy too at this point. The Chinese would be more than happy to pocket the down money and re-control the Carrier.
As far as the full length of the NMFA goes it's been reported that the lien holders are dictating the terms to help insure YRC's viability....not Bill Z.....because for all practical porposes they own us now......they just don't run the day to day operations.....although that might not be a bad idea either....especially if the ran CDO.
Zip, here's the deal. Nobody likes what is before all of us. And I'm not gonna sit here and say they're doing a great job representing us. What I am saying, and have been all along, is that I'm not convinced that any other regime, if faced with today's real problems, could have done a better job in this mess.......unless, of course, all of this talk of YRC having financial problems is really a big facade to get rid of the Freight Division since it's only 3% of the Union but the most expensive to maintain.
Merry Christmas and be careful up there.
Very well written. Your theory is great IF you don't believe that YRC is in a jam at all and all of this is a big conspiracy to eliminate the Freight Division. It's also a great theory if you think that they want to help bankrupt all other employers who contribute to the CSPF including every Local. I really don't have an opinion about the Chinese Carrier but I know it was and is being done on even more borrowed money and so it's probably in jeopardy too at this point. The Chinese would be more than happy to pocket the down money and re-control the Carrier.
As far as the full length of the NMFA goes it's been reported that the lien holders are dictating the terms to help insure YRC's viability....not Bill Z.....because for all practical porposes they own us now......they just don't run the day to day operations.....although that might not be a bad idea either....especially if the ran CDO.
Zip, here's the deal. Nobody likes what is before all of us. And I'm not gonna sit here and say they're doing a great job representing us. What I am saying, and have been all along, is that I'm not convinced that any other regime, if faced with today's real problems, could have done a better job in this mess.......unless, of course, all of this talk of YRC having financial problems is really a big facade to get rid of the Freight Division since it's only 3% of the Union but the most expensive to maintain.
Merry Christmas and be careful up there.