Following round-the-clock negotiations with Jack Cooper and one of its lenders during the week of July 29, the Teamsters National Auto Transporters Industry Negotiating Committee (TNATINC) has received a Last, Best and Final Offer (LBFO) in the form of a Restructuring Term Sheet to save more than 2,200 Teamster jobs at the company.
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(WASHINGTON) – The sale of Jack Cooper Transport was finalized today, a move that will protect the livelihoods of about 2,200 Teamsters and their families.
A bankruptcy judge has approved the sale of the old Jack Cooper automobile transport company aimed at saving 2,200 union carhaul jobs
Over a four-day period ending on Sunday, September 8, Teamster members employed at Jack Cooper Transport voted by a 2-1 margin to approve the Last, Best and Final Offer presented by the company.
Now that members have overwhelmingly approved Jack Cooper’s Last, Best and Final Offer – by a margin of 67% of the valid 1,295 votes cast – the proposed sale of the company is moving forward.
The Last, Best and Final Offer (LBFO) from Jack Cooper will be voted on by the membership over the four days of September 6, 7, 8 and 9, 2019.
Frequently asked questions based on those from our recent teleforum about the Jack Cooper Transport reorganization.
Here's are some recent news articles about the Jack Cooper Reorganization.
On August 5, 2019, leaders of local unions that represent members at Jack Cooper met by tele-conference and voted overwhelmingly to send members a Last, Best and Final
Offer (LBFO) aimed at saving more than 2,200 Teamster jobs for a vote in the near future.