NY-NJ Teamster Education Conference
Learn strategies for enforcing your rights on the job. Meet other Teamsters who are rebuilding union power. WORKSHOPS INCLUDE: Grievance Handling 1: Writing & Investigating Grievances Grievance Handling 2: Making Your Case Winning SPORH Disciplinary Cases TDU Education ConferenceSunday, June 13, 201011:00 a.m. to 4:00 p.m.Bohemian Hall & Beer Garden29-19 24th Ave., Astoria, Queens Click here to download a flyer with the schedule of the event and directions to the Bohemian Hall & Beer Garden....
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....
Kansas City Star: YRC deal erases millions in debt
January 4, 2009: YRC Worldwide Inc. and its employees finally have reason to cheer this New Year's holiday, although the trucking giant still faces challenges. After multiple deadline extensions, the company wrapped up its much-delayed financial restructuring Thursday and averted a likely bankruptcy. It still faces its seasonally slow winter and unresolved debt payments a few months away. Click here to read the full article from the Kansas City Star, at istockanalyst.com.
Reuters: Trucker YRC says critical debt exchange succeeds
December 31, 2009: U.S. trucking giant YRC Worldwide (YRCW.O) said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures. The company said holders of 88 percent of the company's outstanding notes had agreed to the swap, including 70 percent of YRC's 8-1/2 percent notes. It was that group of noteholders who had been...
804 Members Unite for Change
December 30, 2009: Three years ago, Local 804 members launched a grassroots movement to fight benefit cuts and contract concessions. In December, their hard work paid off when the 804 Members United Slate swept their local union election with 68 percent of the vote. On Jan. 1, the leadership will take office in one of the most powerful locals in our union. Local 804 represents 7,000 Teamsters in metro New York—most of them at UPS....
Teamsters Plan Protest, Call on YRC Bond Exchange Holdouts to Convert
December 29, 2009: The Teamsters Union is calling on the small number of bondholders that are standing in the way of YRC Worldwide Inc.'s financial restructuring to take part in debt-to-equity exchange. The union believes that hedge funds Brigade Capital Management and JMB Capital Partners, and banks including UBS, Barclays and TD Bank, hold positions and have not tendered. The union will protest Wednesday at the headquarters of Brigade Capital Management in New York to...
Reuters: YRC again extends equity offer, cites progress
December 29, 2009: Troubled U.S. trucker YRC Worldwide said it was again extending a crucial debt-for-equity offer that it needs to stay afloat and was working to convince bondholders to participate. The company said early Tuesday 81 percent of the company's outstanding notes totaling $536.8 million had been tendered for an exchange for equity, up from about 80 percent a week ago, but still shy of a needed threshold. Click here to read the complete...
Puerto Rico Teamsters Unite for Change
December 28, 2009: Members are uniting for change in Puerto Rico under the banner Teamsters Making the Difference. “We are proud to be Teamsters—but we are not proud of Local 901 leaders who have put their own interests ahead of the members,” said Humberto Miranda, a Local 901 Teamster and a member of Teamsters for a Democratic Union. “We’re organizing to restore democracy, integrity and power to our union,” Miranda said. That battle is far...
National Grievance Panels Set for UPS and UPS Freight
December 28, 2009: The International Union has set the dates for the national grievance panels for UPS and UPS Freight in 2010. The panels will meet three times the coming year. The first UPS national panel will be in Ft. Lauderdale, March 1-3, at the Westin Beach Resort. The other panels are scheduled for June 7-9 and Oct. 11-13, locations to be announced. The first UPS Freight Panels are scheduled to immediately follow the UPS...
North Carolina Teamsters Speak Out for Freedom of Speech
December 26, 2009: For two years, UPS management has tried to stop Teamsters in Lumberton, North Carolina from distributing Convoy. This summer, the rank-and-file members of Local 391 won a victory that strengthens the rights of all members to read and distribute TDU literature at work. The story started back in May 2007, when UPS management issued shop steward Nichele Fulmore a warning letter for passing out Convoy at the drivers’ counter before the drivers...
