Twice Pipes
TB Veteran
- Credits
- 0
By a margin of 62 to 37 percent the YRCW Teamsters ratified the current concession package. What amazed me is only 67 percent of the eligible Teamsters took the time to vote. The no voters did a lot of saber rattling, but in the end the membership decided to save 25000 jobs. By no means does this concession package put YRCW on solid ground. They still face an up hill battle to survive. The third quarter report is estimated to be a loss between 18-22 million dollars. In June 1, 2011 YRCW will have to start contributing 25% to the pension plan which is estimated to be 350 million dollars a year. TP