IBT Tells YRC Members that the Plan Is Working

January 8, 2010: The International Union held a YRC members conference call yesterday to congratulate themselves and to thank members for their sacrifices to keep YRC rolling. IBT Freight Director Tyson Johnson also stated that he expects Chicago Teamsters to take a 5% pay cut by February 1.

The rumor in Chicago is that another vote is coming soon. It will be the third vote on the same concessions for Local 705 and the fourth for Local 710 members.

In response to a question, Freight Director Tyson Johnson said he expects YRC to meet its commitment to resume paying members’ pension contributions at the end of 2010. That will be about $300 per week per member, or about $500 million in 2011.

A recording of the conference call is on teamster.org

Other Freight News

Forbes: Moody’s Lifts YRC’s Rating.

Huffington Post: YRC Situation Spotlights Need for Banking Reform


Be the first to comment

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

Recent News

UPS Proposes 70-Hour Work Week

Teamsters United reports that UPS has a contract proposal on the table that gives the company the right to force package drivers to work up to 70 hours a week anytime they deem it necessary “to avoid service disruptions.”

 

In Divided Vote, IBT Moves Ahead with Pension Threat at ABF

(Reprinted from www.ABFTeamstersUnited.org) A divided IBT General Executive Board voted 13-9 to move ahead with the ABF ratification vote and rejected a motion to fix the pension freeze that threatens the retirement benefits of hundreds of ABF Teamsters.

View More News Posts