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Yellow | When or Will YRC ever stop asking for givebacks ??

jimmykansas said:
. For thoughtful consideration on the "turnaround initative" I express the following ...
1 . perhaps an independant fiduciary coop should be formed to recieve our "givebacks" to make sure the money goes to paying off this "debt"... at this point I believe it is highly irresponsible to enable this fleecing cycle to continue. I dont trust em!
2 . I would appreciate an indexed audit of all previous "givebacks" ....how much have money have we lost in wages, pension and stock equity and what accountability for those loses do we have? Lets see some spread sheets, data reports, cost explanations.
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It really doesn't take a group long to count to zero.... You agreed to work for less, in exchange (per Hoffa and the IBT in 2009) for keeping your job. The 'accounting' on your check that shows a larger amount can't prove that you would have had that job at the higher wage. The -15% amount is the only thing that counts. The other can't be spent; it was never real.

as to future 'earnings' (counting on money from future 'givebacks'), remember: ' Past performance can not be used as a predictor of future results'....
 
pilot87 said:
If you look at the larger picture it should be obvious that YRCF does not have the money to pay you what you think your worth.....also consider the fact that the lenders are going to have a very large say in what they will or will not accept as a condition to keep financing the Company....and yes.....It is far more likely that a majority "no" vote from the Union will be a major reason for the Lenders to withhold further funding and thus force the Company into bankruptcy........that is not an assumption....that is a reasonable conclusion based on the realities that face YRCF....



I'm not assuming any such thing.....I'm only going by the posts that I read from those that express that they would be in favor of letting the Company close....Like this "insightful" post...





Not all no voters.......however, I have worked for many years with people that took pride in admitting that they ripped off the Company at every opportunity..and everyone of them, without fail, pushed the "Vote no" nonsense from the very first vote on the concessions....It is with that experience that I made my comment.......if it doesn't apply to you then don't sweat it......



I can see that your quite incapable of having an adult discourse ....... Instead of just expressing an opinion that gives at least a tiny bit of thought...you resort to infantile attempts at insulting me..... You should actually be ashamed of your post.....
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I say shut the doors because if this pos can't make it after the over $1BILLION we already conceeded then they don't deserve to be in business. We gave when they said "this is all we will need". TWICE! Now they wait untill just before the holidays to come at us again, when they knew for FOUR YEARS this day was coming. All this crap we get in the mail sure was printed up and video taped in a big hurry. Ashamed of my post? Absolutely not. Seeing as I have more "likes" then actual posts, I'm guessing my view is shared by quite a few members. Happy Thanksgiving.
 
jimmy g said:
It really doesn't take a group long to count to zero.... You agreed to work for less, in exchange (per Hoffa and the IBT in 2009) for keeping your job. The 'accounting' on your check that shows a larger amount can't prove that you would have had that job at the higher wage. The -15% amount is the only thing that counts. The other can't be spent; it was never real.

as to future 'earnings' (counting on money from future 'givebacks'), remember: ' Past performance can not be used as a predictor of future results'....
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If the 15% is not real then why show it ? or does it become real lets say every April 15 th ?
 
yrc321 said:
If the 15% is not real then why show it ? or does it become real lets say every April 15 th ?
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Can you cash it? Can you take it off your taxes?

I'm no longer there to see check stubs. I voted with my feet. I Suspect it's for 'in case of a snap-back'? It becomes nothing but a burr under the saddle, as people concentrate on a figure they never received. It's not real. You never received it because YRC didnt/doesnt have it to give you. The economy changed. The old contract anticipated the Value of your labor equalling 'X'. Reality came, and it's worth 'X minus 15%'. Our labor is only worth what we can collect. That's Economics. WalMart pays one amount; ABF pays another. YRC pays what you agreed to, until things change. It's called Life...
 
jimmy g said:
Can you cash it? Can you take it off your taxes?

I'm no longer there to see check stubs. I voted with my feet. I Suspect it's for 'in case of a snap-back'? It becomes nothing but a burr under the saddle, as people concentrate on a figure they never received. It's not real. You never received it because YRC didnt/doesnt have it to give you. The economy changed. The old contract anticipated the Value of your labor equalling 'X'. Reality came, and it's worth 'X minus 15%'. Our labor is only worth what we can collect. That's Economics. WalMart pays one amount; ABF pays another. YRC pays what you agreed to, until things change. It's called Life...
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Just imagine how much more angry everyone would be if YRCW said they were getting $40.00 per hour minus 50%. :smile:
 
Triplex said:
What's the matter, can't handle the truth? By the way, who said I was retired? :smile:
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You did. And the truth is this company has wasted hundreds of millions in the name of turn around and it hasn't turned around anything. Seems to me YOU can't handle the truth.
 
jimmy g said:
Can you cash it? Can you take it off your taxes?

I'm no longer there to see check stubs. I voted with my feet. I Suspect it's for 'in case of a snap-back'? It becomes nothing but a burr under the saddle, as people concentrate on a figure they never received. It's not real. You never received it because YRC didnt/doesnt have it to give you. The economy changed. The old contract anticipated the Value of your labor equalling 'X'. Reality came, and it's worth 'X minus 15%'. Our labor is only worth what we can collect. That's Economics. WalMart pays one amount; ABF pays another. YRC pays what you agreed to, until things change. It's called Life...
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Another one who runs his mouth but doesn't work here. You don't know the situation here, so butt out.
 
Local 710

When the time comes I will start a thread for everyone to post pics of their ballots marked NO.
 
yrc-atm said:
Another one who runs his mouth but doesn't work here. You don't know the situation here, so butt out.
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I DO know the situation. Indy (prior to the last COO) was only working 150 city/dock. (there were 400 on the board a few years ago) Took twenty years to not be laid off. So it's Old Guys- who will run to the Pensions if they close. The pensions are already doomed- 12000 sudden adds will push them into collapse. Taking many Locals with them. KK posted 4 years ago the Locals are partly responsible for Pension Financials. YRCW closing could be what pushes Central States onto the (also broke) Pension Guarantee Board. Basically you are calling for retirees checks to not be 3500, but 800 or zero...

I also know OD is hiring 50 new Road Drivers, getting ready. And they won't hire people like us...
 
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jimmy g said:
Can you cash it? Can you take it off your taxes?

I'm no longer there to see check stubs. I voted with my feet. I Suspect it's for 'in case of a snap-back'? It becomes nothing but a burr under the saddle, as people concentrate on a figure they never received. It's not real. You never received it because YRC didnt/doesnt have it to give you. The economy changed. The old contract anticipated the Value of your labor equalling 'X'. Reality came, and it's worth 'X minus 15%'. Our labor is only worth what we can collect. That's Economics. WalMart pays one amount; ABF pays another. YRC pays what you agreed to, until things change. It's called Life...
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Of course we cannot claim them on our Taxes. When sitting with my CPA five years ago he told me this, and i ask him then who does it benefit? his response was YRC benefits. So if YRC can use it to manipulate the TAX laws in there favor and its good with uncle SAM , then the MONEY is real. Now I know that there will be some kind of shroud remark which will try and belittle the situation . but unless you got a copy of the federal tax book with the code number which states otherwise stop trying to be a **it-house tax lawyer. I am sure that YRC does not spend all that fake money on H&R BLOCK to do there TAXES.

Try again. Fail again. Fail better.
 
You proved my point. It's a tax write-off- like depreciation. It's not real Money. And it's not (or ever was) given to You, since They are taking it off, and not You.
 
:6792:
wongway said:
when or will yrc ever stop asking for givebacks ??? Not trying to tell you to vote yes or no , but really will yrc ever stop asking for givebacks ???? It really seems to be out of control ? We have given back like $3 billion since 2009 , will another $3 billion make any difference over the next 5 years ?? :regretful:
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never
 
jimmy g said:
You proved my point. It's a tax write-off- like depreciation. It's not real Money. And it's not (or ever was) given to You, since They are taking it off, and not You.
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Call it what you want, its still 3 billion dollars in real money they did not have to pay up in which was suppose to to help reduce the debt, instead the dumb bastards increased it by another 300 million of real money over the last 5 years so lets give them another 5 so it will increase to another 300 million-- makes sense to you I guess -- not to me.

think about this you go to the store and buy something for 10 dollars but you have a coupon for 15% of you just saved 1.50 in real money

so the pay out is not real but the savings is real money at the expense of our hard work. and that my friend is real money

There are no hard distinctions between what is real and what is unreal, nor between what is true and what is false. A thing is not necessarily either true or false; it can be both true and false.
 
yrc321 said:
Call it what you want, its still 3 billion dollars in real money they did not have to pay up in which was suppose to to help reduce the debt, instead the dumb bastards increased it by another 300 million of real money over the last 5 years so lets give them another 5 so it will increase to another 300 million-- makes sense to you I guess -- not to me.

think about this you go to the store and buy something for 10 dollars but you have a coupon for 15% of you just saved 1.50 in real money

so the pay out is not real but the savings is real money at the expense of our hard work. and that my friend is real money

There are no hard distinctions between what is real and what is unreal, nor between what is true and what is false. A thing is not necessarily either true or false; it can be both true and false.
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I am on the same side you are. We both are worried about saving Teamster Jobs. So, please bear with me while I rant, and not necessarily at you....

What I get tired of is seeing more jealousy on here than I've ever seen in my life. Jealous that managers got raises. Jealous that Company officers did whatever they did, or got whatever they got. Claiming all over the place that $9,000 came from their paycheck, when it absolutely did NOT. Jealous that someone, anyone, got one penny more than they did...... On another thread, one guy even indicated that he might rather close the company (costing 26,000 working men and women their jobs), rather than vote yes and allow Welch to receive a bonus!!!!!! I guess it's my pet peeve, but we were all raised to be better men than this. This entire forum has acted more childish than 4 year olds that don't get their way! Most of the lies about who funded who came from Marx's Manifesto on Communism. People can call me a lot of names all day- but Communist isn't one I relish.....

We're both here to try to continue union pay and benes for the current employees; if we succeed, hopefully, many generations to come. Closing the place will cost insurance to some that have ailments that require Teamcare. It can cost Teamsters that are here now with inability to get on elsewhere their livlihoods, perhaps their homes, perhaps their lives (when one company i worked at closed, one of my ex-team mates committed *******.) We haven't heard the Two-Man Committee results yet. Relax, hear them out. There isn't such an abundance of good jobs out there to go to that you need to hurry to 'shut er down, just yet....

Besides, as I posted a few posts back; if the pensions are overwhelmed, they collapse, and take the Locals with them. That can't be good....

I'll TRY to ease off, ease my posts out of the way, so you guys that are here can determine your own future. I'm not there anymore. I just get worked up when the ignorant post stooooooopid posts. Sorry.....
 
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