what's with all this talk about YRC Worldwide going bankrupt with the current Covid-19 shutdown. Any news on this?
16 replies (most recent on top)
What about them not paying medical for anyone to me this is a sign worst yet to come
one post says they will do a significant downsize??? How much more downsizing can this company do. They will never get out of debt. They have been on the verge of bankruptcy for over 10 years. They are asking for relief from union benefits again!! This is not a good sign either.
So why isn't management being furloughed??? The workers on the front lines that do the support and make sure this company stays afloat are the ones suffering. The 25% reduction of employees are the ones who are loyal. I wonder who makes these layoff decisions.
It’s working it’s way up the ladder too. There are quite a few unnecessary levels of management in several areas. You know who you are.
Inside sales headed back to India. They will also replace local sales. HNRY is their primary focus. No union.
To the person let go from the sales support. We didnt even notice you were gone as you never do what your supposed to anyway. The sales team was just fine without you trust me , and as far as the layoffs , everyone acts like the whole country isn't going through this right now , we are not old he only ones in the country to be laid off , we should come together and be supportive , as far as upper management, they pay the cost to be the boss , we all had opportunities at that place if you chose not to take them and that kept you on the layoff level that's your own fault
YRCW will not go under. They may have a significant downsize and rebuild. They definitely couldn’t continue doing what they were doing. It just wasn’t working. It is sad how many people out there who would like to see the company go under. Why would anyone cheer for that? Any idea would that would do to the economy?! In addition to thousands of job losses. Shame on anyone who would for wanting that to happen. I believe they’re here to stay. Some may not like the changes they are making or have made and are going to make but times have changed and will continue to change. If the company weren’t making any changes at all, that would concern me more.
I left the freight world for over 20 years in the military before returning with Reddaway and I am flabbergasted at the decisions and disconnects between the Corporate and the ground truth employees and customers. I have watched the last 6 mos or so the blatant disregard for the employees, equipment and customers. It seems according to the guys on the ground that have been here for 15+ years that the corporate decision makers are making the type of decisions that only makes sense on paper i.e a college MBA or a manager who has never worked the ground with little to no real world experience with the nuances that makes a company successful. It appears they are oblivious to the effects the old trucks and no uniforms have on impressions of the company and more importantly the face of the company.
Fundamentals include the branding of the company in regards to uniforms.....uniforms signify solidarity of effort a unified company. The old days of the complete uniform is not expected but say 3 summer shirts per year and 2 sweatshirts and a jacket with the company logo. The effects on the employee are dramatic and this carries over to the customer
Old Equipment- Its expensive but would a low cost wrap or low cost paint job so that the trucks don't look wore out and faded k–l the company? NO! can allowing the faded wore out trucks stay unimproved over prolonged periods have negative effects? YES. the effects again on the drivers can be dramatic as well as the branding of the company in the eyes of customers
Understanding the bottom line in freight is critical profits from pickup to delivery is measured in pennies on the dollar....companies in the freight world cannot afford to have the above issues chipping away at company progress.
Little issues like assigning routes or areas when possible is important to customers who know the company and its service by the driver they deal with....working with the same people as often as possible is lower stress for the customer and allows for more effective service. Loyalty is not taught in college but working with people daily and receiving an experience Phd in customer interaction tells drivers that customers are loyal to people....after all it must be remembered that the shipper even corporate may have multiple options at their discretion to choose the carrier
Safety personnel who do not interact with employees, do no ride alongs with drivers on occasion and create the impression that they are headhunting and never training is terrible for company morale....a safety guy for a company should know for example that powerlines that cross roads, alleys etc...that do not branch off to buildings are required to be 18ft...everyone seems to know this except Reddaways. The fear and concern from drivers in such an environment makes drivers tense and worried daily about such things in which the responsibility belongs to the municipalities not the company. The 0 tolerance environment creates a climate of deceit where drivers conceal minor bumps from the company. Also I have seen from first hand experience in other companies that drivers become reluctant to send their trucks in for repair unless they have no other choice.
The saddest part is the deceit and lack of communication between the management and the employees....it is painfully clear why some decisions are made however we do not see the effort of the sales force out soliciting customers.....they do not need to be corporate deals again the local outlets have flexibility to select the carrier they receive from or ship with.
I can confirm the above Sales people from 4 different companies different systems different process with zero training and zero support. Seems this is by design.
Ater 10 years of concesions by the Teamster employees of over $3 BILLION, they still are in debt for over $900M from the loans being restuctrued and extendning the concesions in 2014 when they had debt of $1.3 BILLION. Even with them paying 2009 wages, they still can't operate at a protfit. Sooner or later the investors will make the call to stop. It is ALL in the hands of the investors.
Sales Support Team member who claims to have been laid off was likely fired however often times a company will allow the termination to be called a layoff so that the person who lost the job can at least collect unemployment.
Maybe your the one who needs to pay more attention sourpuss!
The original question did ask about going out of business, but after a sales support employees replied about being fired the conversation took a turn. Layoffs can be closely related to a company possibly folding. Pay more attention next time.
The question was about YRC Worldwide going bankrupt not layoffs. Read the question next time. Well aware most companies will be doing layoffs and furloughs during this time.
Every freight company is going to have layoffs! The country, world just came to a screeching halt,what do you expect, business to go on as usual!?
They just got a reprieve on loan payments... Stock is going up right now... Should be ok for the time being...
The bitter way in which you speak of YRC sounds like a more accurate description for your dismissal would be terminated as opposed to laid off. You give no indication of why you think they are horrible other than your untimely departure and that you think the sales team is lost without you. You speak ill of a company you willingly worked for until having been dismissed for what was a tough business decision during an unprecedented time.
It is understood how being uprooted from a good job can be a life changing event, but wishing 30,000 people may lose their livelihoods is a hateful mindset. A common thread with former YRC employees often times, is thinking that they will somehow be vindicated or that it will do their heart good should the concern fail. For your own peace of mind it may be wise to consider changing your way of thinking about this. Luck to you and yours, Tag
I havent heard this but it doesnt surprise me. I got laid off from the Sales Support Team in Urbandale IA on 3/31/20. We were the only ones that did that job so not sure who’s supporting the sales team now. Definitely cant be good and i bet the sales team is freaking out we are gone since they have no idea how to do their jobs. YRC is a horrible company to work for and them going bankrupt would make my 2020