Abf freight - international brotherhood of teamsters
4 pages - 894.9 KB
For abf freight system, inc. that will protect thousands of. teamster members' jobs and their health, welfare and pension benefits.
Document in text mode:
UPDATETEAMSTERSABFFreightAPRIL20,2010FreightLeadersOverwhelminglyEndorseEconomicReliefPlanPackageWillProtectJobs,BenefitsOnMonday,April19,leadersoffreightlocalunionsfromacrossthecountryoverwhelminglyendorsedaneconomicreliefplanforABFFreightSystem,Inc.thatwillprotectthousandsofTeamstermembers’jobsandtheirhealth,welfareandpensionbenefits.“LocalunionleadersunderstandthatweneedtotakeaboldsteptohelpABFgetthroughthisterribleeconomyandthatwemustactnowtopreventfarworseproblemsdowntheroad,”saidTysonJohn-son,DirectoroftheTeamstersNationalFreightDivision.“Noonewantstoseewagecuts,butthisagreementprotectsourABFmembers’jobsandtheirhealth,welfareandpensionbenefits.”Johnsonsaidtheunionrespondedtomembers’concernsthatitonlymoveforwardifitcouldindependentlyverifythecompany’sfinancialsituation.“Anindependentfinancialadvisorhasverifiedthatthecompanyislosingmoneyandhasbeenexhaustingitscashreserves,”Johnsonsaid.“Themessageisthatwemustactnow.”“ABFhasbeenbleedingandtheycannotkeepbleeding,"saidTeam-stersGeneral...
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