After operating under bankruptcy protection twice in the last two and a half years, the country’s number two auto hauler — Performance Transportation Services Inc. – has announced that it will cease operations and go out of business. The final blow to the hauler’s business came earlier this month when the Teamsters struck PTS due to a court ordered wage cut.
Despite the downfall of PTS, U.S. auto shipments aren’t expected to be affected by the closure. Since the strike – which began on June 9 — automakers have developed contingency plans to ensure dealership deliveries remained on schedule.
PTS CEO Jeff Cornish blamed the Teamsters’ leadership for the ultimate downfall of the company. “Management and many of our Teamster members were willing to make the required sacrifices to save the company,” Cornish said to employees in a letter. “But the leadership of the union had a different agenda.”
The Teamsters struck after a court ruled that PTS could reduce union pay by 15 percent for 2 months. The Teamsters have reported that the “vast majority” of the 1,250 striking drivers have found other jobs.
06/16, 12:46 PM
posted by:
howsmydriving
Where’s our daily Camaro story???
06/16, 1:09 PM
posted by:
TomF
Good job, Teamsters. That worked out nicely.
06/16, 1:22 PM
posted by:
xyunya
I lived through company closure. The result is that either competition or management team buys assets for pennies on the dollar and will continue to operate under new name. I doubt, that union will be welcome by new company and if they structure them self as partnership union will be out of business.
06/16, 1:45 PM
posted by:
jumpoffit
so this was COURT ordered and they STILL struck anyway? thats awesome, way to make a company go out of business and i’m sure their strikies already found jobs elsewhere- i smell BS
06/16, 2:05 PM
posted by:
americancarssuck
**** unions. anyone in a union can suck my dick. We should ship all union workers to Iraq and let them fight over wages there. Maybe they can finally ****ing appreciate how much money they make for HOW LITTLE THEY WORK. Bunch of lazy, self absorbed white trash.
06/16, 2:32 PM
posted by:
golf4me
Ahhh, the old, classic Union parasites have finally killed another host…sure, they found other jobs, but they are running out of “hosts”…
06/16, 2:32 PM
posted by:
Z06ified
I called this. You don’t mess with bankruptcy court. The judge calls the shots in bankruptcy, not unions.
Maybe that’ll learn ya!!!
06/16, 2:38 PM
posted by:
brassmonkey
So what. Who cares? **** unions!
06/16, 8:48 PM
posted by:
The Stig
Unions are the pits.
06/17, 1:35 AM
posted by:
TOZO
Haha, Losers.
06/17, 8:56 AM
posted by:
Got Handling?
If you work under a union, for your own good, take a while to re-read this story and ask yourself whose interests the Teamsters were serving here. If you can’t find the time perhaps you could use your union-won mandatory jackoff break – just tell your boss that you are looking at porn.
06/17, 9:59 AM
posted by:
441Zuke
****ing dumbasses. Unions are bull****
06/17, 10:00 AM
posted by:
441Zuke
yeah they found jobs at mcdonalds
06/17, 1:18 PM
posted by:
ktulu
unions R necessary