Yrc Worldwide INC. DL 1 (WKN: A0H0VA)
sekko1982
Optionen
| Boardmail an "Schokoriegel" |
Wertpapier: Yellow Corp |
Teamsters: YRC Worldwide should restart pension payments in January
Kansas City Business Journal - by David Twiddy Staff Writer
The International Brotherhood of Teamsters says it will continue to pressure YRC Worldwide Inc. to restart employee pension contributions in January — even if those payments are smaller than expected.
In a conference call with members Tuesday evening, Teamsters officials said they were negotiating with YRC to ensure that the Overland Park-based trucking company (Nasdaq: YRCW) meets its current obligation to begin making payments to the retirement benefit plans early next year. That requirement was part of concessions the union members agreed to last year in a bid to save the company.
But the officials also said YRC continues to struggle to attract customers in a very competitive marketplace and could face financial difficulty in financing pension contributions, estimated at $25 million to $30 million a month.
“Whether they return to full contribution or not we won’t know at this time,” said Tyson Johnson, the Teamsters freight director. “The main issue is that we bring YRC back into our plans at some contributory rate. I’d like to tell you today that they’ll be back at the full chip, but that’s why we’re in these meetings today.”
YRC had about 34,000 employees as of March; the Teamsters represent about 70 percent of its employees.
Johnson said the union also is working with YRC to find ways to make the company more competitive. But he denied rumors that it was hammering out new concessions.
“We have not opened the contract for negotiations,” he said. “We are going to look at areas within the confines of work rules that we can give YRC somewhat of an edge in the marketplace.”
Last year, YRC secured two rounds of concessions from its union work force — amounting to 15 percent wage cuts and permission to waive its pension obligations for 18 months — in a bid to provide the company with additional liquidity. Those concessions were key in persuading bondholders to exchange their debt for a majority share of the company, which helped YRC avoid a bankruptcy filing.
Last month, YRC said that although freight levels have continued to rise and it expects adjusted operational income to be positive in the second quarter, it probably will need to delay restarting its pension payments.
Read more: Teamsters: YRC Worldwide should restart pension payments in January - Kansas City Business Journal
Entweder gibt es hier einen fantastischen Rebound(nach Kärung mit der Pensionskasse), oder es steht die Insolvenz ins Haus. Aber läßt der Pensionsfond YRC wirklich bankrott gehen?
Ist da nicht eine Einigung im Sinne aller Beteiligten sinnvoller?
Wenn man es nur wüßte. Ich riskier aber trotzdem eine Posi.
Zu den Pensionszahlungen: Man hat sich im Jahr 2009 auf ein Kürzung der Löhne und Gehälter um 15 % geeinigt.Das Unternehmen ist jetzt im zweiten Quartal, das es positives EBITA schreibt.Mit dem Verkauf der Logistik Firma hat man einen Zweig abgestoßen, der nicht gewinnbringend gearbeitet hat. Auch soll der Preiskampf im Schiffsverkehr nicht mehr stadtfinden was zu einer erhöhten Marge führt. Der Abbau der Mitarbeiter von 55.000 auf 33.000 ging in Etappen. Einsparungen: Liegen 1 Quartal 150 Millionen 2. Quartal: 200 3. Quartal: 250 4. Quartal: 300 Mio Ich denke wenn all die Massnahmen greifen ist yrcw in der Lage diese Pensionen zu bezahlen, bzw. die Gehälter zu erhöhen. Da gibt es Spielraum im Unternehmen vielleicht weitere Entlasungen mehr Arbeitsstunden. ich denke das jeder der in Amerika einen Job hat da mitmachen wird. Und Teamster ist sicherlich nicht interessiert das 70 % der Mitarbeiter die bei yrcw arbeiten nacher auf der Strasse stehen. Denke da wird sich ein Mittelweg finden. Sonst hätten sie ja schon im 2009 sagen können wir machen nicht mit. Klar müssen die Gewerkschaften sich für die Mitarbeiter einsetzten, aber das nacher alle auf der Strasse stehen, da hat keiner was davon.
Below are the top five companies in the Trucking industry as measured by the potential gains between the current stock price and the projected average analyst target.
YRC Worldwide (NASDAQ:YRCW) has a potential upside of 233.3% based on a current price of $0.15 and an average consensus analyst price target of $0.5.
Quality Distribution (NASDAQ:QLTY) has a potential upside of 112.8% based on a current price of $5.17 and an average consensus analyst price target of $11.
Trailer Bridge (NASDAQ:TRBR) has a potential upside of 96.1% based on a current price of $3.06 and an average consensus analyst price target of $6.
Avis Budget Group (NYSE:CAR) has a potential upside of 89.4% based on a current price of $9.82 and an average consensus analyst price target of $18.6.
Hertz Global (NYSE:HTZ) has a potential upside of 69.1% based on a current price of $9.46 and an average consensus analyst price target of $16.
SmarTrend is bearish on shares of YRCW and our subscribers were alerted to Sell on May 05, 2010 at $0.49. The stock has fallen 69.1% since the alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/...e-potential-yrcw
Entweder Du bist short, dann herzlichen Glückwunsch oder Du blubberst nur...