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Kansas City Business Journal: YRC Worldwide CEO’s compensation slides in 2009

March 26, 2010: Reflecting YRC Worldwide Inc.’s dismal 2009, CEO Bill Zollars saw his annual compensation decline almost 10 percent to $1.9 million, according to an analysis of securities filings. Zollars received a base salary of $928,104, which included a 10 percent pay cut he shared with other non-union employees, the company reported to the Securities and Exchange Commission late Thursday. He also received a $135,000 “other compensation” fund, which he could use for various...

Congress to consider YRC pension relief

March 23, 2010: YRC Worldwide Inc.’s push to get relief for its benefits costs picked up momentum Monday as the U.S. Senate began to consider a bill that would address problems with multi-employer pension plans. Sen. Bob Casey of Pennsylvania said he would introduce a bill intended to protect the pension payments of retirees of failed businesses while assisting companies such as YRC, whose pension liabilities include non-YRC retirees. Click here to read more at...

Victory on YRC Excess Overtime

March 19, 2010: Just three days after TDU.org exposed a deal between YRCW and the IBT to weaken the freight contract clause requiring the call-back of laid-off Teamsters, the deal appears to be canceled. A management memo dated March 18 and headed “25% O/T methodology – not good news” Holland VP for Labor Relations Steve Blubaugh informs managers that they must return to the “old” (proper) way to calculate recall of laid off Teamsters when...

ABF Concessions: What Protections for Teamsters?

March 19, 2010: The International Union held a conference call on March 18 to inform ABF members that a vote on concessions is likely coming down the pike. Freight Director Tyson Johnson said he has held some 25 conversations with ABF in the past year about their situation, and that concessions are needed to help the company stay healthy. Surveys of members are out to ABF Teamsters, and by March 22 the International will start...

YRC, Teamsters Work on Concession Holdouts

March 18, 2010: As the Teamsters mull concession talks with ABF Freight System, YRC Worldwide is still trying to get some members to accept concessions approved last year. About 10 percent of YRC Worldwide’s 34,000 Teamsters still reject the concessions, the company said in its annual 10-K report, released March 16. Click here to read more at The Journal of Commerce.
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