Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: MONDAY, May 7, 1990 TAG: 9005070061 SECTION: NATIONAL/INTERNATIONAL PAGE: A2 EDITION: METRO SOURCE: DATELINE: WASHINGTON LENGTH: Short
The offer was made Saturday as negotiators met for the first time since mid-March and a day after the company announced a $56 million loss for the first three months of this year.
The union called the offer "greedy" and an "insult."
Bargaining talks were halted indefinitely following Saturday's session.
The company's offer, which outlines a major reduction in services for the only nationwide bus system, would give drivers $12.79 an hour rather than their previous 30-cents-a-mile rate, said Greyhound Vice President Anthony P. Lannie.
The company's poor financial situation and move to reduce services are forcing it to eliminate about 2,000 of its 6,000 driver jobs, Lannie said.
- Associated Press
by CNB