ABF CEO Calls for Quitting Teamster Pension Plans

May 11, 2007: “We believe there is an opportunity in this negotiating cycle to withdraw from some or all of these [Teamster pension plans] and provide benefits directly to our employees, and we’re prepared to negotiate that with the Teamsters in the coming negotiations.”

“We view the multiemployer [Teamster pension] withdrawal opportunity to be the most significant thing facing us.”

-- Robert Davidson, CEO of ABF, Interviewed on May 8, 2007 by transportation stock analysts

There you have it. The CEO is telling you that ABF would love to bust our pension plans, and take over employee pensions, in the coming round of negotiations.

There is no reason for this demand to be considered by our union or our members. We should push that off the table right from the start, and let the carriers know that we are bargaining to improve health care and pensions, not turn control over to the employers.

The best way to start would be setting a precedent in the UPS and UPS Freight negotiations: bring more brothers and sisters into our Teamster pension plans, and not split them up.

To hear audio of the report by ABF CEO Bob Davidson and YRC CEO Bill Zollars, click here.

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