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If It Can Happen To ABF....
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<blockquote data-quote="TooTechie" data-source="post: 1150126" data-attributes="member: 28388"><p>I agree that those kind of givebacks are horrible, however that company is dying. In 2011 for the entire year their net profit was only 7.7 million. The whole year profit/loss for last year was a net LOSS of 7.7 million. That's not just a bad quarter but rather a net loss for the entire year. And for the first quarter alone of 2013...drum roll....$13.4 Million net LOSS just for the first quarter...</p><p></p><p>With that in mind, I'm sure IBT is bargaining to protect its members as much as possible while trying to make sure they still have a company for which to work.</p></blockquote><p></p>
[QUOTE="TooTechie, post: 1150126, member: 28388"] I agree that those kind of givebacks are horrible, however that company is dying. In 2011 for the entire year their net profit was only 7.7 million. The whole year profit/loss for last year was a net LOSS of 7.7 million. That's not just a bad quarter but rather a net loss for the entire year. And for the first quarter alone of 2013...drum roll....$13.4 Million net LOSS just for the first quarter... With that in mind, I'm sure IBT is bargaining to protect its members as much as possible while trying to make sure they still have a company for which to work. [/QUOTE]
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