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  1. #1
    Having Fun Now

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    Default Teamsters Form Committee To Review YRCW Pension Issues


  2. #2
    I Am Rocking Now

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    I guess that this is a good thing & at least it shows that the IBT is continuing in its efforts to help get YRCW out of it's financial dilemma. But the big unanswered question still remains. Is it legal for the trustees of the MEPF's to allow a deferral of payments into their funds?

  3. 06-05-2009

    Getting In The Groove Now.


  4. #3
    Getting In The Groove Now.

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    Another article says that the IBT is thinking of reopening the contract again.

  5. #4
    Getting In The Groove Now.

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    ya the fiduciaries are obligated to demand payment. Things made a turn for the worse

  6. #5
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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    What ever Zollar's un-conditionally ask for the IBT gives them!

    I have an idea maybe Zollars goes and we give them what they want, but instead Our wonderful IBT will give them everthing and more.

  7. #6
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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    Quote Originally Posted by graboltski View Post
    ya the fiduciaries are obligated to demand payment. Things made a turn for the worse
    Can YRC make the payment without going bankrupt?

  8. #7
    Getting In The Groove Now.

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    I am guessing that a pay cut is needed to pay for it. another 10% or so on the way eh
    Quote Originally Posted by lumpedup View Post
    Can YRC make the payment without going bankrupt?

  9. #8
    Getting In The Groove Now.

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    Quote Originally Posted by 2631 View Post
    I guess that this is a good thing & at least it shows that the IBT is continuing in its efforts to help get YRCW out of it's financial dilemma. But the big unanswered question still remains. Is it legal for the trustees of the MEPF's to allow a deferral of payments into their funds?
    Whats good about it?? Enough is enough!!! The IBT should be telling YRC to sell some assets (like the chinese company) before they ask us for a dime!!!

  10. #9
    Getting In The Groove Now.

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    Fear of them going bankrupt is what they will use to get whatever they want.

  11. #10
    Getting In The Groove Now.

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    Default Re: Teamsters Form Committee To Review YRCW Pension Issues

    Over the past few months I have been wondering why? Why have management not gone out with the sales force and get the customers that we have lost and bring them back? Why have they at the top not gone on a campaign blitz to tell us (the employees) what is going on and get us motivated. Now the ugly truth has popped it's head up. The plain truth from what I have witnessed is they do not want to do any better. An economic downturn is an opportunity to get concessions from it's workers. This is a golden opportunity in their minds. They got a 10% wage cut plus 0 overtime which is really a 15 to 20% cut in wages. That's not enough for them. Since they are signatory to the NMFA and the pension obligations they want a little more. Do any of you out there know that managements wages went back to 100%? It's the truth. They were only required to give 10% back for 6 months. They want us to believe that the company needs more concessions. If this is true then where are their concessions to save the company. We are being duped by a bunch of educated *** wipes on both sides. What's going to happen next is they will ask for and get contributions to the HW&P. Then the part time workers are going to be introduced. Next is they will tell you if they don't get them the company will fold. Now the question is are all of you willing to work for less than what a FED EX driver makes to keep your pensions alive or are you willing to tell them NO. We are being sold down the river plain and simple. The union wants to keep this company alive to keep our (the freight members) cash rolling in and the pension contributions going as well. Our industry is at a crossroads. Are we willing to stick the middle finger out and go look for new jobs? I am. This companies leadership ruined the business, now they want us to bail them out and keep their million dollar pay from our pockets. It has to end somewhere. Why do you think the bank keeps giving them time. Where does YRC keep getting cash when the company says they are losing a 1/4 billion a quarter? Are we to believe that this business is being run by a bunch of idiots? We are being scammed.

 

 
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