FAQ's on YRCW concessions etc etc.

Discussion in 'YRC' started by latanea, Dec 5, 2008.

  1. latanea

    latanea Road Train Member

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  3. rickoliss

    rickoliss Bobtail Member

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    Auburn NY
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    Question for Latanea. thanks for posting the above pdf file it answered a few things for me but what happens if after the votes are tallied and the New Penn guys voted yes and the rest voted no , I dont understand why they would tally them differently just because the contracts were negotiated at different times .
     
  4. latanea

    latanea Road Train Member

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    good question...


    things like this need to be brought up at your area meeting
    \(probably tomorrow)...

    I will run it through the question and answer session tonight - but since none of new penns lanes are out this way - I do not know how good of an answer I can get you.
     
  5. BumpInTheRoad

    BumpInTheRoad <strong>Zippy</strong>

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    I think that New Penn sign the TMI agreement ME TOO
     
  6. latanea

    latanea Road Train Member

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    I was not in town for local 100's meeting - but I did pose the question to the prez of local 728 (I was in Atlanta the past few days)...

    seems that Bumpy is right - a "me too" type clause.
     
  7. rickoliss

    rickoliss Bobtail Member

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    Mar 16, 2008
    Auburn NY
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    I apperciate you taking the time to find out, I m still not sure what it means an was only curious to know the "what if" situtation . I did how ever get a letter from my terminal manager,inside was a letter from company presdient explaining the companys cry for help. I did not think that I was going to be eligable to vote on this ( as I'm laid off ) but if I am my vote would be "yes" to the concessions.perhaps it will get me back to work sooner. I kinda like those stock options.. thanks again
     
  8. latanea

    latanea Road Train Member

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    looks like the vote was a yes for conc. - about 76 percent yes...
     
  9. rickoliss

    rickoliss Bobtail Member

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    Mar 16, 2008
    Auburn NY
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    I guess it will take and act of congress to get the rest of the country back on track,
    Hopefully soon
     
  10. latanea

    latanea Road Train Member

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    the first 10% deduction came out today - I opened my check and found the $199.33 deduction listed as a pretax take...

    :biggrin_25517:
     
  11. rickoliss

    rickoliss Bobtail Member

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    Mar 16, 2008
    Auburn NY
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    So the $199.33 is with held and used to buy the companys stocks or it's just showing you a gross figure minus the 10% Sorry to ask only check I see is and unemployment check, thanks for the info
     
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