YRC Worldwide lenders extend deadline ahead of union vote result

October 27, 2010: YRC Worldwide Inc. will have some breathing room with its lenders, even if the tentative concessions agreement with its union fails to pass later this week.

In a securities filing Tuesday, the Overland Park-based trucking company (Nasdaq: YRCWD) said the recent renewal of a key piece of financing won’t expire immediately if the International Brotherhood of Teamsters votes down a third round of wage and benefit concessions.

Click here to read more at the Kansas City Business Journal.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

First Look at UPS Contract Proposals

The proposals have been approved for the UPS national contract. Here are some of the issues that will be on the table when negotiations begin in January.  (Reprinted from www.TeamstersUnited.org)

first-look-thumb.jpg

UPS Bargaining Proposals Set

The Teamster bargaining demands for the UPS contract were approved by representatives from UPS locals today at the Two-Person meeting held near Washington, DC. (reprinted from www.TeamstersUnited.org)

View More News Posts