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Thread: IBT's John Moses: Bankruptcy Likely On No

  1. #1
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    Default IBT's John Moses: Bankruptcy Likely On No

    YRCW Voting Rules Changed | Teamsters for a Democratic Union

    "John Moses of Logistics Capital Management, IBT’s economic advisor on YRCW restructure, told the local officers at today’s meeting that the company will very likely declare bankruptcy if the tentative agreement is rejected, and that financing is contingent upon it passing.

    The local union officers voted overwhelmingly to recommend it to the members, with several locals not voting, and several others voting No."


    My BA told me it was OK to pass on to our guys that the date YRC will file in event of a no is February 1.

    That is plan C.
    This is it.
    The vote isn't about what we're gonna get or what we're not gonna get. But whether we vote to stay in business or go bankrupt.
    I prefer to leave us open.
    I've said it before and will again.
    A union official told me that if ya don't like it, its best to vote yes and leave the lights on to look for a job. Better than closing the place and all of us looking for work at the same time. A lot won't find anything any better or any goof at all. It sucks but that is good advice IMO.
    Its not a strike or bargaining situation. Its lights on or lights out no matter what they did....only your brothers get hurt with a no.
    We'll never hurt Welch or YRC...only those families who need the job.
    Its reality. Its where we're at. It stinks.

    Somebody told me our healthcare lasts the rest of the month and then Cobra lasts 6 months and may be $1450/ month. Way too much fort this family of 5 and unemployment is less than $600/WK and we have one waiting week after unemployed. February won't be too good.
    Last edited by slavenomore; 01-22-2014 at 10:25 PM.
    Jimmy, piasared, RETL84 and 1 others like this.

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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Job Scared

  3. #3
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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Scarey job

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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    2 bucks for a dozen eggs today, tomorrow who knows, lock it in for 5 and buy a new truck. Not this kido

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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Quote Originally Posted by slavenomore View Post
    YRCW Voting Rules Changed | Teamsters for a Democratic Union

    "John Moses of Logistics Capital Management, IBT’s economic advisor on YRCW restructure, told the local officers at today’s meeting that the company will very likely declare bankruptcy if the tentative agreement is rejected, and that financing is contingent upon it passing.

    The local union officers voted overwhelmingly to recommend it to the members, with several locals not voting, and several others voting No."


    My BA told me it was OK to pass on to our guys that the date YRC will file in event of a no is February 1.

    That is plan C.
    This is it.
    The vote isn't about what we're gonna get or what we're not gonna get. But whether we vote to stay in business or go bankrupt.
    I prefer to leave us open.
    I've said it before and will again.
    A union official told me that if ya don't like it, its best to vote yes and leave the lights on to look for a job. Better than closing the place and all of us looking for work at the same time. A lot won't find anything any better or any goof at all. It sucks but that is good advice IMO.
    Its not a strike or bargaining situation. Its lights on or lights out no matter what they did....only your brothers get hurt with a no.
    We'll never hurt Welch or YRC...only those families who need the job.
    Its reality. Its where we're at. It stinks.

    Somebody told me our healthcare lasts the rest of the month and then Cobra lasts 6 months and may be $1450/ month. Way too much fort this family of 5 and unemployment is less than $600/WK and we have one waiting week after unemployed. February won't be too good.
    Really? Well if I was the BA, I would have gave him a copy of this.

    29 U.S. Code § 530 - Deprivation of rights by violence; penalty | LII / Legal Information Institute
    Last edited by Spaghetti; 01-22-2014 at 11:50 PM.

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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    The iBT or better yet Hoffa Jr appointed Harry (scumbag double agent) Wilson to look out for our best interest,look at how well that has gone,do they want to lose 26000 dues paying members?,might have to let some of those 150k BA's go and that isn't going to happen,so many conflict of interest here it's hard to believe what anyone's says anymore!.
    roadhog likes this.

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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Quote Originally Posted by capmac48 View Post
    The iBT or better yet Hoffa Jr appointed Harry (scumbag double agent) Wilson to look out for our best interest,look at how well that has gone,do they want to lose 26000 dues paying members?,might have to let some of those 150k BA's go and that isn't going to happen,so many conflict of interest here it's hard to believe what anyone's says anymore!.
    I say let them file for bankruptcy, because bankruptcy does not mean out of business. It means looking into the books and seeing how and where the money has been spent, and a few other things.

    29 U.S. Code § 439 - Violations and penalties | LII / Legal Information Institute

    Yeah, over 3 billion dollars and no one seems to have any answers, except for using fear tactics/harassment as a solution. I'm sure that makes everyone a proud teamster.
    Last edited by Spaghetti; 01-23-2014 at 12:44 AM.

  8. #8
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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Well in our break room we have one of those 4by4 pieces of dunnage with a BIG NO on it . I think you have a better chance losing your job if you vote yes ! These m fu ers have been lying the who time and if does pass it won't be worth working there any way. They will be back every 2 years for more. And they will continue to lose money because they are frickin idiots / Family or no family they are gonna use all the cartage they can and fire the rest of us. The bank is going to throw away 1.4 billion, bullshit. I hate to be threatened . This isn't like cf, this is stockholders and retirement funds money . You throw that away nowadays and there is hell to pay . They were going to shut it down when they gave us the fake ballot to vote on. I say NO ! Hell No !

  9. #9
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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Spaghetti is right. They will have to open the books to the court and if someone was mis managing or even stealing the money maybe there will be justice. They could have had a government loan if they would have opened the books, they chose not to . And they are telling all our people, vote yes and we will open the closed terminals . We already signed the lease . Right ,Scumbags

  10. #10
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    Default Re: IBT's John Moses: Bankruptcy Likely On No

    Very likely file, What he doesn't know, He's full of crap.

 

 
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