YRCW - before you vote NO, please read...

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

  1. latanea

    latanea Road Train Member

    1,337
    234
    Sep 21, 2007
    cincinnati (sharonville)
    0
    I have talked to about 40 drivers in the last 24 hours - and a majority of them are saying they will vote "no" on the contract concessions...

    I pains me to think that some of these guys are not looking past their next paycheck - and grasping the scope of this problem we all face at YRCW companies...
    :biggrin_25512:

    so here is my take on it.



    10%...

    this can be made up in one extra run every 2 weeks...

    10%...

    better than 100% and having to start as a new employee somewhere else...

    10%...

    still making 15-25% more than non union LTL...

    10%...

    a small price to pay to get our companies in a better position.

    NOW - the 15% stock option

    regardless of whether or not it is pooled or singular - it will be held in trust and EASILY has the potential of more than making up for a 10% cut in gross pay today...


    A lot of drivers I am talking to have very little experience with side investments and general knowledge on markets.

    15% of your gross paid out in company stock is not a bad deal considering the YRCW stock has already "bottomed".



    Sure it could all fall apart - and we go belly up - but like many YRCW employees, I have been through that before.

    Not pretty - but not the end either.

    SO the chance we have - and our only option on the table right now - is accepting the 10% cut.


    If your only reason for voting "no" is because you have a tight budget -
    DO NOT screw everyone else because you can not manage your household finances.

    (there is not reason why any of us should be living paycheck to paycheck.)
     
    Ducks, dancnoone, Markk9 and 2 others Thank this.
  2. BumpInTheRoad

    BumpInTheRoad <strong>Zippy</strong>

    200
    30
    Feb 8, 2007
    On Life's Highways
    0
    The sad fact of life is that they go down, where will you find a job! your pension will be gone. your health ins. gone . your home, car, boat, and everything else you have worked for.

    I don't like the idea. Some of the pickleheads should be gone to on both sides.

    I WILL VOTE YES

    I would hope that they will lets us do what we have aways done in the past , move freight once and not four or five times needlessly and stop micro managing.
     
    Wiseguywireless and latanea Thank this.
  3. HOLDYOURGROUND

    HOLDYOURGROUND Light Load Member

    80
    14
    Mar 14, 2008
    Hwy, USA
    0
    Im concerned about economics. When 911 came we got knocked backwards. Now after the high cost of oil and failing economy we at all levels must make cuts. Whats it going to be next? Freight prices have not gone up other then fuel sur charges. Everything else has gone up. VOTE NO!
     
  4. dancnoone

    dancnoone "Village Idiot"

    9,922
    3,695
    May 6, 2007
    Mississippi
    0
    Have to give you kudos for being logical with your post. Although I dislike Unions.

    Hopefully, many others will follow.

    I was a bit sad to see the extreme drop of the stock. It was doing so well just a couple of years ago, and touted by many of us as the stock and company to watch, and invest in.
     
  5. Mooney

    Mooney Road Train Member

    Revenue guidance is lower for Fedex and Conway, which will hurt them.

    If YRCW posts the same sort of guidance, it could be fatal. The debt to EBIDTA covenants of their credit facilities are too close to give them much wiggle room.
     
  6. latanea

    latanea Road Train Member

    1,337
    234
    Sep 21, 2007
    cincinnati (sharonville)
    0

    WOW...


    where do I start... :biggrin_2554:

    go ahead and vote no - and wait for a 100% pay cut.
     
  7. dancnoone

    dancnoone "Village Idiot"

    9,922
    3,695
    May 6, 2007
    Mississippi
    0
    We're seeing more and more of that. 100% cut in pay.

    Makes me wonder if they ever really wanted a job to begin with. Or, whether they think the/a bail out will trickle down to the general public.
     
  8. cplmac2

    cplmac2 Heavy Load Member

    714
    159
    Nov 10, 2008
    Watford City, ND
    0
    I'm not with YRCW but I've been a Teamster for years and it's sad to see the divergence in opinions from fellow Teamsters. On the one hand there is a point where you have to make an unexpected sacrifice to try (possibly in vain) to secure a future, on the other hand you have already negotiated a fair contract and have worked hard to earn what you get so making a sacrifice because of problems outside your sphere of influence is a tough sell. Whatever happens I'm pulling for you guys, it's a tough decision and these are tough times all around.
     
  9. caraldo

    caraldo Light Load Member

    120
    16
    Feb 16, 2008
    northern,mi
    0
    The way to strengthening the union, and getting better working conditions for all workers is to grow the union. I think with recent contracts(carhaulers, etc.), we have seen that love him or hate him, Hoffa understands without the companies to hire people, membership can't grow. If you are willing to benefit when times are good, you will need to feel some pain when times are bad. If union companies keep going out, what do you think will be left for you when its time to collect that pension? Do you think that Conway or Old Dominion are going to be looking to hire a driver who worked for a company that went south and the union had a chance to stop it and its members said no?

    I understand not wanting to give up hard fought gains, but it is economics 101. 15% gone(or deferred) better than 100% with no prospect of ever getting it back. But what they heck, C.L. Werner has a job waiting for you! $500 a week!
     
  10. latanea

    latanea Road Train Member

    1,337
    234
    Sep 21, 2007
    cincinnati (sharonville)
    0
    500 a week...


    wow - that was teamster rate back in 1976!
     
  • Draft saved Draft deleted