If ABF ask the IBT for a vote for a GIVE BACK how would you vote.
I would not give back to ABF because they just had an "equipment" meeting not too long ago about the new macks. They spent maybe 5 minutes discussing the equipment, then spent the next 20 minutes explaining how abf has $200 million in the bank and even though it is a recession period, we will not have to worry because we are a very sound company. I guess it was about a week after that when yrc announced the giveback they hoped to get, suddenly abf started talking about how they need it also.
Trouble is,There are companies out there that really do need it and they are gonna be the ones thrown away like the morning trash. The rest are just looking and getting ready because its a trend being set.Look at all the companies who now want part of the Government bailout.
I am not a frog, but considering ABF's financial status now I would vote NO.
Nope... ABF does not need a wage reduction because of there financial status. Just to give them a wage reduction because they are going to claim unfair advantage with YRCW is not good enough for me to vote yes with them. ABF does not need any wage reduction to keep the company going forward.
While I don't have a horse in this race per se' once Yellows wage reduction passes, it's nearly certain, in my opinion, that ABF will ask for one.
Guaranteed that will happen.Every company in the country ( Union/Non-Union alike) will go after this because it was done by one.Remember the wage progression thing when it started? Now everyone uses it.Not just trucking either.