YRC Worldwide lenders extend deadline ahead of union vote result

October 27, 2010: YRC Worldwide Inc. will have some breathing room with its lenders, even if the tentative concessions agreement with its union fails to pass later this week.

In a securities filing Tuesday, the Overland Park-based trucking company (Nasdaq: YRCWD) said the recent renewal of a key piece of financing won’t expire immediately if the International Brotherhood of Teamsters votes down a third round of wage and benefit concessions.

Click here to read more at the Kansas City Business Journal.

Get Advice Join TDU Donate

Recent News

Teamsters Join Union Effort to Ban Wall Street Payouts in Defense Industry

The Teamsters joined the United Autoworkers (UAW) and five other international unions representing members at the largest U.S. defense contracts in a letter calling on Congress to ban defense contractors from funneling money to Wall Street investors through stock buybacks and dividends instead of investing in jobs and infrastructure.

Amazon Drivers Join Teamsters in New York City

Amazon drivers at the company’s DBK1 facility in New York City marched on the boss to demand union recognition and better pay, healthcare, and job security.

View More News Posts