Son who works for YRCW - He said the union is going to put it to a vote but not yet and the feeling is vote Yes - So cool your heals and think to buy or sell ..........................
Sentiment: Strong Buy
The question is - yes to just an extension, or yes to approval to negotiate, or yes to an extension plus further concessions? I suspect the membership looks differently at the different possible options.
Agreed, the fix is in. The teamsters need the YRC dues to line their pockets. The union goons do not care if the YRC workers make 2 bucks per hour as long as they collect multiple pensions.
This is a done deal. Last time we heard all that barvado about voting no and it passed
They need the dues $$$ so no matter how anyone votes, it will be yes....
If I were in the union I would vote yes and see if they would give some stock option incentive. This stock will explode upward on a yes vote allowing a re-fi to be done. A No vote only requires the company to file BK and wipe out everything. I think I would like to have stock worth 10 times what it is worth today rather than no job. Heck keep your job and in 5 years you can scale back to today's benefits when times are better and your stock will be through the roof.