July 12, 2011: YRC Worldwide is one step away from completing its financial restructuring by a July 22 deadline, a key official at the $4.4 billion trucking company said Monday.
The company secured a $400 million asset-based loan facility from its lenders, and now must raise $100 million through the sale of convertible securities to its lenders.
Click here to read more at The Journal of Commerce.
Hundreds of Teamster members joined our webinar on The Legal Rights of Union Stewards with labor attorney Dave Suetholz. Check out a recording of the workshop below, plus workshop slides and resources for grievance investigation.
As Yellow Corporation moves to liquidate its assets, the IBT is fighting for former Yellow Teamsters in court to recover vacation pay, grievance settlements, and other monetary claims. Teamster benefit funds are also demanding full payment.
