Yellow Freight closure thread

This closure is not economic related. It's miss management. Yellow tried breaking the union since the 50's. I'm not a union person. My father and grandfather was. The original concept was wonderful. We are so far past that, I can't support them.

 

My question, because I don't know - is what now happens to the benefits/pensions etc for the union drivers?

 

Pension should not be affected. But I won't be surprised if they somehow default on it. Benefits probably stop in a certain period. But anything could be possible in this day and age. Part of the reason the pension and benefit fund is held by the union.

 

This is the attitude that has turned the industry into the cesspool it is today. You should know the history of the industry and understand that what drug yellow down was Dollar Bill Zollars and corporate greed, not the IBT.

 

I'm agnostic union versus non-union and don't GAF one way or the other. But I don't get the animosity and glee over these drivers losing their jobs. Im curious where does that come from?

 

They lose their medical benefits because yellow did not make the 50 million dollar payment they owed to Central States Health Wwlfare and Pension fund. Those with enough time in may be able to draw some benefits but unless they find other jobs that contribute to the same fund they won’t get much of anything. They were basically working at a 4 for 1 ratio anyways. Any one who thinks this is a union problem need look no further than ABF and UPS . They contribute fully and are profitable. A guy starting at Yellow would have to work 100 years to get a 25 year credit retirement as yellow for at least the past 15 years was only contributing 25% of what they were supposed to. That was from the teamster approved give backs years ago

 

Union this, management that....

Both are at fault! They played a dangerous game of chicken and 32,000 people lost in the process. People that didn't want to be part of that process but inadvertently got involved anyway.

When your plane gets shot down, you don't get the luxury of getting to pick the colour of your parachute. These are people that wear suits that cost more than my monthly mortgage, yet they can't come together as adults to resolve all of this.

Please believe me when I say this. I am completely crushed. No point pointing fingers. We lost. All of us.

 

No doubt it is a lose to all. More so on the small guy than the big guys in this situation, Most the big wigs will have a job anytime they want one and the little man will struggle to find his or her way.

 

Yeah finding work is one part. Most of us will find work elsewhere. It may not be the type of work we "want to do" but it should be enough to cover the things that make up the normality of life ...or at least our expectation of it.

I lost my colleagues as well. Even people of authority that I can now fraternize with. We've all come together and now it's all gone.