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  1. #1
    ENOUGH I'VE HAD ENOUGH!!!

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    Default ABF, Teamsters Agree to 15 Percent Wage Cut

    William B. Cassidy | Apr 19, 2010

    Pensions would not be affected by tentative concession agreement
    Workers at ABF Freight System will give up 15 percent of their wages but retain full pension benefits under a tentative concession plan approved today by local Teamster leaders.

    It’s a major step by the union to support one of its few remaining large trucking employers. The wage cut brings ABF closer to parity with its biggest competitor, YRC Worldwide, which received a 15 percent wage cut and additional benefits concessions from the Teamsters last August.

    ABF executives said those concessions left their company at a disadvantage.

    ABF is the country’s 11th-largest trucking company, and its fourth-largest less-than-truckload carrier, but its $1.38 billion in revenue last year was down 21 percent from the year before. It lost $99 million in 2009, compared with a $45 million profit in 2008.

    The union said it expects ABF to lose $10 million a month through the end of 2010.
    ABF, Teamsters Agree to 15 Percent Wage Cut | Journal of Commerce

  2. #2
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    The headlines make people believe that it is a done deal. What kind of crap are we being handed here!!!!

  3. #3
    ENOUGH I'VE HAD ENOUGH!!!

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    You are correct, a bunch of crap.

  4. #4
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    Look at the date and time of this article too. By my account, this was written and posted at 1:30 CST. My man writes fast!!

  5. #5
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    It's a done deal or you'll vote until you get it RIGHT !

  6. #6
    ENOUGH I'VE HAD ENOUGH!!!

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    Quote Originally Posted by Docker View Post
    Look at the date and time of this article too. By my account, this was written and posted at 1:30 CST. My man writes fast!!
    Check out the Transport Topics article, updated at 10:15 AM.

    ABF, Teamsters Reach Tentative Agreement
    Last edited by mudflap560; 04-19-2010 at 06:48 PM.

  7. #7
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    I hope ABF voters are as incensed at this as much as I am.
    Isn't wonderfully convenient that a giant capitalistic company that thrives on the republican "pull your own britches up" economy, gets to cry "not fair."
    They don't give a flyin crap about what is fair to the workers when they're bargaining for the most minuscule wage they can, so they can pump up their profits.
    When the country is out of this hole, and by some miracle the IBT is convinced to go back to the companies and say "you're doing awfully good; can we open the contract up to some higher wage talks?", you can be sure that the companies will laugh from their satellite phones in Bora Bora, on their yachts.

  8. #8
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    When they lose a couple billion over a few years, then it might be even and possibly fair.
    Until then I don't wanna hear about fair

  9. #9
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    Quote Originally Posted by Pullin3 View Post
    [SIZE=4]I hope ABF voters are as incensed at this as much as I am.
    Isn't wonderfully convenient that a giant capitalistic company that thrives on the republican "pull your own britches up" economy, gets to cry "not fair."
    They don't give a flyin crap about what is fair to the workers when they're bargaining for the most minuscule wage they can, so they can pump up their profits.
    When the country is out of this hole, and by some miracle the IBT is convinced to go back to the companies and say "you're doing awfully good; can we open the contract up to some higher wage talks?", you can be sure that the companies will laugh from their satellite phones in Bora Bora, on their yachts.

    Especially when,by my account, they still have around 160 million in cash reserve. This information cannot be found anywhere right now, from the company or the union. Atleast, I can't find it anywhere.
    Last edited by Jimmy; 04-19-2010 at 07:36 PM. Reason: fixed quote

  10. #10
    I Am Rocking Now

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    Default Re: ABF, Teamsters Agree to 15 Percent Wage Cut

    All you have to do is look at the snap rule that Say's if 20% or more of the laid off Teamsters are recalled then that will trigger a snap back. That means they are never coming back if the company has their way. How could a union even allow that to be a part of the talks? We have been SOLD OUT. Now where are all you Johnson and Hoffa BACKERS? If this does not tell the story then you all need to call the state and I am sure they will send you a check each month. Because you would have to be brain dead. Come on where you all at. Tell me how they did the best that they could. This is a crime. I have contacted people to see what our options are. Both sides should be ashamed of themselves. THIS WILL NOT PASS. Let me find out that one ballot was sent to someone that should not have received one.

 

 
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