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<blockquote data-quote="JonFrum" data-source="post: 574377" data-attributes="member: 18044"><p>Hoffa reopened the YRC Contract just months after it was ratified, to give YRC, our competitor, a 10% wage cut.</p><p></p><p>Now, just months later, Hoffa has reopened the YRC Contract again to allow an additional 5% wage cut, plus an 18 month withdrawal from the pension plans.</p><p></p><p>This is an $11-plus per hour savings in wages and benefits for YRC.</p><p></p><p>Normally a company with the degree of troubles YRC has would eventually go bankrupt. But YRC has a friend in Hoffa. IF you can cut labor expenses more that $11 an hour, with similar cuts to management, I suppose any company could be saved, no matter how badly run.</p><p></p><p>Now ABF is loosing money and wants concessions, to "level the playing field."</p><p></p><p>Read about the concessions YRC Teamsters are currently voting on here . . .</p><p><a href="https://web.archive.org/web/20141013023208/http://tdu.org/node/3213" target="_blank">https://web.archive.org/web/20141013023208/http://tdu.org/node/3213</a></p></blockquote><p></p>
[QUOTE="JonFrum, post: 574377, member: 18044"] Hoffa reopened the YRC Contract just months after it was ratified, to give YRC, our competitor, a 10% wage cut. Now, just months later, Hoffa has reopened the YRC Contract again to allow an additional 5% wage cut, plus an 18 month withdrawal from the pension plans. This is an $11-plus per hour savings in wages and benefits for YRC. Normally a company with the degree of troubles YRC has would eventually go bankrupt. But YRC has a friend in Hoffa. IF you can cut labor expenses more that $11 an hour, with similar cuts to management, I suppose any company could be saved, no matter how badly run. Now ABF is loosing money and wants concessions, to "level the playing field." Read about the concessions YRC Teamsters are currently voting on here . . . [URL]https://web.archive.org/web/20141013023208/http://tdu.org/node/3213[/URL] [/QUOTE]
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