im going to vote yes and buy the yrcw penny stock and hope for the best... that might put more money in my pockets in the long run!!!
it is kind of funny that drivers are complaining about this now.... It did not seem to be a issue back lets say in 2008 when freight started to slow up and the bottom of the board was getting their days cut.
The senior drivers which you would have been in this category were saying well that is what seniority will do for you... give you the option to work as much as you want. With absolutely no regard to the other drivers or drivers families that would be affected by loss of hours for insurance or just income. So before you say i am one of those drivers... I was on the very bottom and was complaining.. What seemed to be myself back then...i guess it is your turn to be heard by no one like me!!!
It sucks!!! But that is just the way it is with seniority.
Check out the numbers for yourself brothers and sisters! These numbers are for city driver wages in the Central Region (Ohio Rider) and Pension and H&W amounts into the Central States Pension and H&W Funds. Your amounts may differ in different states in the Central Region, and in other states in other plans across the country, but they'll be very similiar! I compared NMFA rates for companies like ABF to the YRC rates (based on a flat 40 hours per week)! Here we go..
Total Compensation Cost At Full NMFA Rates (ABF) is $81,229.20 a year.
Total Compensation Cost At YRC with the 15% wage cut and the pension contribution
suspension is $56061.20 a year.
DIFFERENCE IN COMPENSATION COST BETWEEN FULL NMFA RATES (ABF) AND YRC WITH WAGE AND PENSION CONCESSIONS IS...
Remember that the above figures are very conservative estimates based on only a 40 hour week with no vacations, holidays, or overtime figured in. We only have to look at our pay stubs, and our pension accrual statements to see the real amounts. Let's hope the news on Wednesday isn't any worse than it already is!:TR10driving03:
you got that right , at our barn they cant wait to say yes. These guys need to reavaluate their lives because they are worthless pos !!!!!!!!!!!!!!
they will say be lucky you have a job
This should be a REAL eye opener for all the yes men. That puts us down with the non union carriers plus were paying union dues For What.
Yep. Now all of the sudden us Teamsters aren't worth the dirt that we walk on. But, I'm sure you were a ball buster back in your days.
You are correct on the work force not caring anymore. We watch the fact that they obviously don't care, every day. We are tired of watching our investment get wasted on stupidity.Big debt, bad economy, worthless stock, low bill count and a work force who
doesn't care= shutdown by Christmas guaranteed!