December 5, 2013: Tomorrow Teamster local officials will meet in Dallas to hear directly from company representatives their proposal for a five-year contract extension.
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The National Freight Negotiating Committee for the International Brotherhood of Teamsters is scheduled to meet with IBT local union leaders Dec. 6 to review a proposal from YRC Worldwide Inc. to modify an existing restructuring agreement that expires March 31, 2015.
Logistics conglomerate YRC Worldwide and its workers have been caught between the proverbial rock and a hard place for at least five years. Now the squeeze is getting even more uncomfortable for both sides, and it could soon come to a crisis point for the second time in four years.
UPDATED November 27, 2013: The Freight Division has scheduled a two-man meeting for December 6 in Dallas to review proposals made by YRC to extend the current MOU. All locals representing YRC Teamsters have been asked to send representatives for the meeting.
YRC Worldwide Inc. wants a five-year extension of its labor contract with the International Brotherhood of Teamsters, the labor union confirmed during a Monday conference call with its local leadership.
Updated November 19, 2013: Talks have begun between YRC and the IBT Freight Division over a five year extension of the contract. Tyson Johnson held a conference call for local union officials today to report on the initial sessions.
YRC Worldwide Inc.’s negotiations with the International Brotherhood of Teamsters will not be finished by Friday, according to a report filed by Bloomberg.
YRC Worldwide Inc. saw its third-quarter revenue increase by $15.9 million from the same quarter the previous year, and operating income dropped by $21.5 million during the same time period.
November 8, 2013: YRC CEO James Welch presented his case to Teamster local officers three days ago for a five-year contract extension, in order to secure new financing.
YRC Worldwide Inc., saying it intends to negotiate an extended labor contract with the Teamsters union, has delayed release of its quarterly financial report.