ABF Freight Systems is warning its workers it may seek the same kind of concessions that competitor YRC Worldwide recently negotiated with its unionized employees.In an internal memo to employees, ABF President and Chief Operating Officer Wesley B. Kemp said the company is already losing business to non-union carriers, and the YRC wage cuts add that much more pressure to compete in the LTL market.
"If we're going to do anything about this, now may be the best time to act, while we're financially healthy, rather than waiting until we face a crisis," Kemp said in the memo. "We'll be following the YRCW results closely in the coming days and will let you know what we feel is best for our company."
In confirming the memo, David Humphrey, ABF's director of investor relations, noted that ABF employees "do a great job" for the company. "Nevertheless, it is true that the total cost of our wages and fringe (benefits) are higher than many of our competitors. That makes it difficult for us to grow, especially in the current economy. We always welcome the opportunity to talk to the Teamsters about additional ways to improve our competitive position and to preserve Teamster jobs."
4 comments:
Here comes the greed."while we're financially healthy" said the boss man.Watch out brothers and sisters BOHICA is on its way. What is BOHICA you may ask? It stands for BEND OVER HERE IT COMES AGAIN. Good luck and God bless you all. Fraternally yours S.L.D.
WHY SHOULD I TAKE A PAY CUT WHEN THEY ARE GIVING BILL ZOLLARS A SEVEN MILLION DOLLAR CHRISTMAS BONUS.THE ONLY WAY THIS IS GOING TO HAPPEN IS IF MANNAGEMENT IS WILLING TO GIVE UP ALL BONUSES AND INCENTIVES ALONG WITH ANY RAISES.LETS ASK BILL ZOLLARS TO TAKE A PAY CUT AND SEE HOW HE LIKES IT LETS TALK ABOUT MAYBE TEN OR FIFTEEN MILLION PAY CUT FOR HIM.
CF all over again . Funny how Yellow buys up other companies and then has a Non-Union Sister company YRC Logistics . LayOffs for Union Members ,Expired Contract . 8 months to get a new contract, as it is being tallied the members are hit with another case of Corporate Greed .Where is the Retro Pay ? Take a Pay Cut ? Yea Right , stick it to me Again , No Thanks .
yeah lay off another driver hire another high paid loser to sit in a cubicle no one gets paid unless freight moves you think they"d get it by now!! maybe we can build bridges to where they work for free and don't need benefits I believe it's called FANTASYLAND not sure where you got your degree but I'm sure it's gotta be from there also Mr. Mega-Bucks when you can justify your pay then send me a memo about how we're overpaid and need to sacrifice until that day I suggest you get your tin cup and get in line with the big three other smart guys who want to borrow money from guys who work for it Mr. Pres.
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