Updated April 22, 2013: The IBT and ABF have agreed to extend bargaining another 30 days, as ABF continues to demand big cuts in health care, pensions and wages. The extension now runs until the end of May.
According to an IBT Bulletin issued late yesterday, ABF is demanding that Teamsters pay $240 per month for family health coverage, with reduced benefits; big cuts in pension contributions, which would have the effect of removing ABF from big pension plans, including Central States and Western Conference; and a 6.5% wage cut.
The company has issued its own bulletin defending the big concession demands. They issued a later statement claiming members pensions would not be endangered by their proposal.
The effect of the concessions would be that most ABF Teamsters would pay nearly $3,000 a year for reduced health coverage; would take a pay cut of about $1.60 per hour, which would cut over $4,000 per year for most Teamsters; and could have their pensions endangered.
ABF Teamsters: stay informed, stay united.