Teamsters proposal would give YRC more operating cash

June 22, 2009: YRC Worldwide Inc. may get more leeway from its major union, which would provide more operating cash.

Representatives from freight locals of the International Brotherhood of Teamsters Union, which represents most YRC (Nasdaq: YRCW) workers, met last week in Chicago to talk about the company’s operating and financial condition, the Teamsters said in an update. Based on internal and independent financial analyses of the company, the representatives unanimously agreed to let a negotiating committee work on how to meet YRC’s need for more cash, the update said. Union members would have to vote on any proposed changes.

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

Members Vote for a New Beginning in Local 96

Washington Gas utility workers have voted in new leadership in Teamsters Local 96 in Washington, D.C. after a grassroots campaign by the New Beginning Slate.

Happy Thanksgiving

Happy Thanksgiving from TDU. We're thankful for union members who are organizing for economic and social justice. Change is coming to the Teamsters!

View More News Posts