YRCW ask Teamsters for "relief"...

They Sponsor a Nationwide series team. A top flight one of them costs less than 4 million a year in PRIMARY SPONSOR Dollars. For a Sprint Cup team 4 million will barely get you on the Quarter panels for 3 races. For a Primary Sponsor in Sprint Cup it costs 15-25 Million MIN. Yet when a company loses 90% of its stock Value the UNIONS REFUSE TO HELP THE COMPANY OUT. My Father drove for Artam in the late 70's early 80's til they went under what caused it the UNION REFUSED TO GIVE ANY CONCESSIONS to the company when they were loosing millions a quarter saying the EXECS WERE LYING ON PAPER. Yet when the BANKS closed the doors the TEAMSTERS REFUSED TO HELP ANY OF THE DRIVERS THERE OUT ONE IOTA GET ON WITH ANOTHER CLOSED SHOP COMPANY. BTW THOSE DRIVERS LOST EVERYTHING THEY HAD CONTRIBUTED TO THE PENSION FUND ALSO.

 

Any idea as to what the ask is by the Company? What do yu think the Teamsters are willing to give up versus what Zollars wants? In my opinion, Teamsters should take paycut in exchange for sizeable chunk of equity in the Company. That's what I would do if I believed in this Company. Your views on the Teamster expectations as well as the Company's expectations on the contract would be much appreciated.

 

Right now it appears to me that the Drivers and their families will be the focus.

These bigwigs sitting in their plush chairs in decked out offices should be taking pay cuts, etc....as well.

With that said; I would much rather see pay cuts and issues worked out then any company going under completely.

This situation will tell if the higher ups care about their employees and if they are willing to work this out.

As far as the Teamsters are concerned in this, I believe they would bring to the table pay cuts and other avenues to their members then a final end to anything.

We shall see.

 

They are making a profit,....and still want wage cuts????.......

 

any idea as to what the extent of the wage concessions will be?