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YRC Concessions Pass in Chicago Local 705

February 2, 2010: After three votes, a YRC concession package has passed in Chicago Local 705, but without a 5 percent wage cut. Under the agreement, YRC will not make pension contributions through the end of 2010. This was the third vote on YRC concessions in Local 705. After members voted No twice, management removed the five percent wage cut from the concessions deal. Local 705 YRC Teamsters voted to approve the amended concessions deal...

Chicago YRC Teamsters Vote Again on Concessions

January 21, 2010: Chicago YRC Teamsters in Local 705 are voting yet again on concessions; the mail ballots will be counted on January 30. It’s the third time they’ve voted on the concession package, but this time the proposal does not include the additional 5% wage cut. The proposed concessions would eliminate YRCW’s pension obligations for 18 months, ending on January 1, 2011, and would keep the present wage rate of 90% of contract scale....

YRC Rolls into 2010

January 18, 2010: Like a cat with nine lives, YRCW rolled into 2010 with its debt-reduction plan implemented. The International Union got some credit for closing the deal by threatening to expose any hedge funds which refused to tender their YRC bonds because they could profit from a bankruptcy. The YRC situation has highlighted the need for new financial regulations to make such instruments illegal. Why give brokers and bankers incentives to close companies and...

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...

IBT Sets "Tele-Town Hall" for YRC Teamsters

January 5, 2010: The International Freight Division is hosting a mass telephone conference call for YRC Teamsters on Thursday, Jan. 7. The call is set for 7:30 pm Eastern time. Members should dial in to (877) 269-7289. You must enter the access code after you dial in: the access code is 14111. The IBT is expected to congratulate itself for helping YRC in its efforts to get bondholders to accept stock instead of cash payments....
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Recent News

During the Crisis of the Century, Hoffa Sides with Management

Since the beginning of the COVID-19 pandemic, Teamsters across the country have been thrust into an unexpected crisis of unforeseeable proportions. At UPS, no sooner did many of us find out that we were a part of the “essential workforce” than we were fighting on the shop floor to protect ourselves from the virus.  

All YRCW Teamsters in TeamCare Get Coverage Extended

A May 9 Memo from the IBT Freight Division reports that arrangements have been made so that both active YRCW employees and employees laid off after March 1 will have the full 8 weeks of “Layoff Coverage" going forward from May 10 to continue health care coverage, if they are in TeamCare (Central States H&W). This includes both employees who have been actively working and those who may have already used up some of the “layoff coverage.”...
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