November 2, 2010: YRC Worldwide Inc. has won a third round of concessions from its union employees in the ongoing saga of its attempts at a financial turnaround.
Now, competitor ABF Freight System Inc. is suing, saying the concessions violate a labor agreement affecting drivers and dockworkers nationwide. ABF wants the concessions, some of which started last year, to be declared null and void, and also wants $750 million in damages. Defendants include Teamsters groups and YRC subsidiaries, among others.
Click here to read more at The Kansas City Business Journal.
Do you like this post?