Yellow | YRC's Welch Confident Teamsters Will Ratify New Deal, Keep Company Rolling!

Plan B?!

Here's the key quotes from the story above....
If the union doesn’t consent, which Welch doesn’t think is likely, the company then will meet with lenders and try and work on “the best possible course for the company.” Welch said YRC is “not even thinking about” bankruptcy.

How much clearer can Mr. Welch be that there is a "Plan B"?!

:6788:
 
Welch said he is not worried about the union’s lack of an opinion on the proposal. Even under the terms of the new deal, Welch said, the pay and benefits at the company would remain among the best in the industry.
“It’s a situation that we believe we can sell to our employees,” Welch said. “These are still some of the best jobs in the (less-than-truckload) industry.”
YRC issued a release Monday saying that the company will save “approximately $100 million” annually through the proposed agreement “and other corporate initiatives.” The majority of those savings would have been realized “if the agreement would have been put in place at the beginning of 2013.”
If the union doesn’t consent, which Welch doesn’t think is likely, the company then will meet with lenders and try and work on “the best possible course for the company.” Welch said YRC is “not even thinking about” bankruptcy.

This article should be a sticky.
 
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