April 2, 2010: On March 16 YRC filed its annual 10-K report with the US Securities and Exchange Commission (SEC).
In that report, management made the startling claim that they can impose further concessions on Locals 705 and 710 without taking any vote.
Regarding Local 705 members, management states they continue to discuss with this unit the ratification of the full wage cut.
Who are they discussing it with? Hoffa? That would be news to Local 705 members.
Regarding Local 710 members, the SEC filing claims that management has “implemented the temporary pension contribution cessation” despite its rejection three times by the rank and file.
The most startling statement in their filing is that “The Company believes that it can impose all of the labor agreement modifications due to the merger of the unit with another larger bargaining unit [the national contract].”
So YRC management arrogantly claims they could unilaterally impose the full concessions on Local 710 (and presumably 705) members, but they are not doing so to get them to “consensually approve the modifications to avoid a labor dispute.”
Contract approval is an internal union matter. Did Hoffa give them the green light for this stand?