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YRC YRC Worldwide In Discussions With IBT!

Discussion in 'YRC Freight' started by Freightmaster1, Nov 12, 2013.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    "...we understand Local Unions have indicated support for TNFINC to begin discussions about the company's financial future."

    What about the survey/vote/straw poll, etc that took place and is still taking place at some Freight Locals? Ask your Local Union officials WTF happened on the conference call on Tuesday!

    http://files.shareholder.com/downlo...680/YRCW_News_2013_11_12_General_Releases.pdf


    :chairshot:
     
    Last edited by a moderator: Nov 14, 2013
  2. the Dime

    the Dime Most People are Stupid

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    Survey? Vote? Get real....these MF'rs obviously have a deal in place and we the voting members will have to take whatever these C..ks....e'rs say............

    The YRC press release sounds awfully confident.......wonder why????? Oh wait, there are negotiations ongoing.................
     
  3. snake eyes

    snake eyes Well-Known Member

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    what a bunch of V JAYS
     
  4. yrcslave

    yrcslave Just a link in the chain

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    My local says no extension as is. They want snap back clauses, no further cuts, and for YRCW to stop being idiots with money. They also mentioned yearly raises.
     
  5. Lager

    Lager Active Member

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    I had an arbitrator tell me years ago that, "the company has the right to be stupid."
     
  6. LEHIGH vALLEY

    LEHIGH vALLEY Well-Known Member

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    Driver Since:
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    And that goes with every part of their operation! I can remember telling the Co Labor Rep that while I can't tell the Co how to run their operation I can sure as hell make them pay! Stupid is as stupid does!
    Anybody remember the looney toon named Pete Puma? AAAAAAAAAAUUUUUUUEEEEEEEEEEEE! That about sume's it up!
     
  7. roadboss

    roadboss Well-Known Member

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    Momma used to say stupid is as stupid does.!!!!:
     
  8. SuperCourse

    SuperCourse Well-Known Member

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    They also say "you can't fix stupid".
     
  9. Bosslinco76

    Bosslinco76 Well-Known Member

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    Of course the IBT is going to say yes negotiate bargain etc ,do U think they will want to lose 25K in dues paying members? All about $$$$$$$$!:usa:
     
  10. jk688

    jk688 Member

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    Spoke to my BA about the conference call, he said the general concensus was ok to talk about extending the MOU but absolutly no more concessions.
     
  11. yrc321

    yrc321 Active Member

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    Worldwide, Inc.(NASDAQ:YRCW) CEO James Welch asked union bosses to extend a labor accord into 2019 to aid the struggling trucker in its effort to refinance its debt, Bloomberg reports. "Our lenders will not refinance our debt unless we have a five-year agreement along with an improved cost structure and operational performance," YRC's presentation read.YRC delayed its earnings release to Nov. 12 due to meetings with the Teamsters Union in which the company asked the group to reduce absenteeism and provide predictable future wage/benefit increases. The company faces a grim fate, and is using it as a bargaining chip. A graph in the presentation depicted 2 options - the first refinancing, the second a truck driving off a cliff.
     
  12. yrc321

    yrc321 Active Member

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    IBT so stupid, YRC uses cartoon drawings to scare them.WOW
     
  13. Freightmaster1

    Freightmaster1 Well-Known Member

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    A cartoon is worth a million words with YRCW employees!
     
  14. Bart

    Bart Well-Known Member AD-FREE USER

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    They could make a full length comedy the way this POS is run!
     
  15. Freightmaster1

    Freightmaster1 Well-Known Member

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    Race To The Bottom?!

    Press release from YRCW says "The company is looking to extend the current contract for 5 years from ratification AND achieve cost savings for YRC Freight, Holland, Reddaway, and New Penn." It's my understanding that once you "reopen the contract", EVERYTHING is on the table! That's what "re-negotiations" are all about. A new MOU will be renegotiated, and presented to YRCW Teamster employees for a vote. You will vote YES to work for the next 5 years under the terms and conditions of the new MOU. I would imagine that if you vote NO, that you would be automatically authorizing a strike. Remember what happened to ABF employees recently on their National Contract. The race to the bottom continues in the IBT Freight Division!

    :17:
     
  16. bigtruk_us

    bigtruk_us Well-Known Member

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    Since we dont get much info from our union and when we do its half truths or a flat out lie.Sooo why doesnt the union and the company (They are one in each other) just bring forth the banker representatives and let those pros tell us the truth.

    Sent from my SAMSUNG-SGH-I317 using Tapatalk
     
  17. cellblock309

    cellblock309 Well-Known Member

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    i bet will get same raises we have gotten they'll want some work rules changed and maybe throw a bone of some type are way regardless
    if it gets voted down they will close the doors they wont go back to the table either
    something to think hard about the 1.4 billion debt guys.................. you think the major banks cant lose that kind of money YES THEY CAN
    between the 3 banks or 4 that's only 400 million give or take they will lose

    the BANKS HAVE GOTTEN THERE MONEY thru interest, convertible notes, restructuring fees there prefer shares they converted to common at 11.00 and 32.00 dollars so the will just write it off as a paper lose. YRC/YRCW isn't hiding money........secondly for all that still think they had the money to buy ABF NO they didn't a third party one of the debt holders was going to give the money SO ASK YOURSELF AT YOUR AGE............. WHERE ARE YOU GOING TO FIND A BETTER JOB, GIVE UP YOUR VACATION TIME START OVER AT THE BOTTOM REMEBER ABF NEW CONTRACT ALSO 2 YEARS TO GET ONE WEEK
    PLUS WE GO UNDER ABF WONT HAUL MUCH OF ARE FRIEGHT IT DOSENT PAY AS MUCH AND ITS NOT FUN FRIEGHT TO HANDLE SO THERE WONT BE A TON OF JOB OFFERS FROM ABF I BELIEVE

    AND SADLY HOW MANY WILL GO BANKRUPT GOOD LUCK ITS A TOUGH SPOT ITS ALL IN TIME LIKE POKER
    AND REMMBER THEY HAVE BEEN DOWN SIZING TO CLOSE THE DOORS RIGHT BEFORE YOUR EYES
    AND SADLY IF THIS GOES THRU I BET THEYLL HAVE ANOTHER CHANGE AND ELIMNATE MORE JOBS CAUSE MOST WONT MOVE
     
  18. shoes1961

    shoes1961 Active Member

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    yrc goes under , freight rates probably will go through the ceiling. yrc in the game freight rates stay reasonably low
     
  19. shoes1961

    shoes1961 Active Member

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    everone i talked to at abf said they were fighting to the end...still was passed
     
  20. Triplex

    Triplex Experienced stalker

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    Talk is cheap.
     
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