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Thread: YRC contract negotions 2019

  1. #61
    Getting In The Groove Now.

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    Default Re: YRC contract negotions 2019

    Quote Originally Posted by 222lifer View Post
    The 401k was our only choice here in the west B'oink. The WSPT would not accept a partial contribution. Needless to say, I would rather have had it in a pension.

    About every 2 1/2 years now equals 1 years contribution prior to the concessions. We only need to work until we're 80 or so to retire. What a deal!
    Is your fund in decent shape? Sorry,not sure about what changes your fund has gone through.

    If ours was I'd agree. But we just took a future hit of 20%,plus,as I said we get $7 credit out of every year service. Out of $5820 in yearly contributions, $84 a year to retire on,so it'd take almost 70 years to receive 1 yr contribution. So in our case we might be be better off in 401k,although I don't know what future cuts there would be with no contribution,so maybe not,lol. Moot point anyway. But we're a bit over 3 years equals 1 year contribution pre-concession.

    I've got just shy of 17 in old plan,so it's not terrible,but that 20% hurts. Guys already retired took a hit of 30%. Good thing is it has stabilized our fund,it actually made some money last year. So it's no longer declining,hope it lasts. Sad but the commercial "I'm eighty-five and I wanna go home" comes to mind.
    222lifer and wizard like this.

  2. #62
    Getting In The Groove Now.

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    Default Re: YRC contract negotions 2019

    And yes,what a deal!

  3. #63
    Scab Hating Union Thug

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    Default Re: YRC contract negotions 2019

    Quote Originally Posted by B'oink View Post
    Is your fund in decent shape? Sorry,not sure about what changes your fund has gone through.

    If ours was I'd agree. But we just took a future hit of 20%,plus,as I said we get $7 credit out of every year service. Out of $5820 in yearly contributions, $84 a year to retire on,so it'd take almost 70 years to receive 1 yr contribution. So in our case we might be be better off in 401k,although I don't know what future cuts there would be with no contribution,so maybe not,lol. Moot point anyway. But we're a bit over 3 years equals 1 year contribution pre-concession.

    I've got just shy of 17 in old plan,so it's not terrible,but that 20% hurts. Guys already retired took a hit of 30%. Good thing is it has stabilized our fund,it actually made some money last year. So it's no longer declining,hope it lasts. Sad but the commercial "I'm eighty-five and I wanna go home" comes to mind.
    Our fund is considered "fully funded." It dipped below that mark during the recession for a short time then rebounded.

    Sent from my SM-J327T using Tapatalk
    B'oink and wizard like this.

  4. #64
    I Am Rocking Now

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    Default Re: YRC contract negotions 2019

    Quote Originally Posted by tiredseat View Post
    Union negotiators “pushed the company to the absolute limit,” Soehl said. “Every member of our negotiating committee believes the [YRC Worldwide] companies cannot afford any more money than what is contained in this tentative agreement and that there is not a single penny more to get.”

    The exact same words that was told to ABF employees. These clowns supposedly looked over the books before negotiating either contract and can’t say for certain that this is it but we believe that is all sounds like just stating things without actual facts. Just my two cents and hoping for the best to my brother and sister teamsters.
    ''Pushed the Company''....''Absolute Limit''...''Not a Single Penny More''...Can everyone not see the subliminal message in Ernie's statement...Either you vote YES or the party's over...That's BS...With a statement like that,you really can't tell who the hell he's working for...the UNION or MANAGEMENT!!!!....and that my Fellow Teamsters...is the SHAME of it...Good Luck and Godspeed my Brothers and Sisters...

  5. #65
    I Am Rocking Now

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    Default Re: YRC contract negotions 2019

    Quote Originally Posted by 222lifer View Post
    First, when's the last time you priced out our wages and benefits against what the nons offer? Dollar for dollar. I've had this conversation more than once with non union drivers and they get mighty quiet when I break down our compenation and benefits package.

    Second, the IBT aren't the only one's that lose out. That's a big hit to our locals. Every YRC employee's family will feel it too. The ripple effect touches many walleye.









    Sent from my SM-J327T using Tapatalk
    Yes Lifer,that's so true,dollar for dollar...I've had that same conversation a thousand times with non-union drivers...these days most of them are young...you would think that because they talk as enthusiastically as talking dogs about their wages in a volume of words that would blow up a tire,they would win...but they lose...and we couldn't throw the game if we tried...they just DON'T KNOW...As you say,when I break down our wage and benefit package which comes to about $48 to $50 dollars an hour,you can just see the air oozing out of their tire...wait a minute,ABF doesn't take $100 dollars or more a WEEK out of you're paycheck for MEDICAL?...Nope...Union Dues...once a month...that's it...and my medical is top-notch...and that's when you see their tire really go flat...and a lot of them do admit that their on their wife's company plan because it's better then their non-union plan...they just don't know...they've been brainwashed...''Company Good''...''Union Bad''....
    222lifer likes this.

  6. #66
    Retired !

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    Default Re: YRC contract negotions 2019

    Plenty of articles with the upcoming vote on this contract.

    AS YRC’s workers chew over contract, management tries to change the pricing narrative
    The 26,000 unionized employees at three of less-than-truckload (LTL) carrier YRC Worldwide, Inc.’s (NASDAQ:YRCW) units will spend the next 17 days mulling over a tentative contract that will dictate their livelihood for the next five years, and could determine if the units live or die.

    The top management at YRC’s Overland Park, Kansas headquarters have arrived at their own fork in the road. As they wait for a ratification vote that could make or break the $5 billion company, they are focused on weaning it off a costly reliance on big-name accounts that provide enormous volumes at thin margins.

    According to executives familiar with YRC’s operations, CEO Darren Hawkins and the company’s leadership are all too aware of the profit drag of the high-volume accounts. They know that it’s the small- to mid-size accounts that generate the margins coveted by the company, analysts and shareholders. However, regional carrier competitors and third-party logistics providers, the latter being firms that manage transport services on behalf of their shipper customers, have been taking business from YRC in the small- to mid-size segment. The company is left with its universe of big shippers unwilling to pay more, especially for the mediocre service levels they receive, according to an executive close to the company. “When they hit 80 percent [on-time delivery levels], they throw a party,” said the executive.
    https://www.freightwaves.com/news/lt...ossroads-n284f
    ABFwife likes this.

  7. #67
    Taking A Stand!!!

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    Default Re: YRC contract negotions 2019

    Balloting Materials for YRCW Teamsters Mailed Today

    Today, balloting materials for the YRC Freight, Holland and New Penn National Master Freight Agreement ratification were mailed.

    YRCW members should receive the materials in the mail soon, and can vote on the contract ratification as soon as they receive the credential included in the mailing.
    https://teamster.org/news/2019/04/ba...s-mailed-today

 

 
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