September 24, 2010: On September 29, local union officials from freight locals will meet in Dallas where the International will outline the tentative agreement which the International Union has reached with YRCW.
Then the decision will be in the hands of YRCW Teamsters.
The Hoffa administration has offered new concessions, on the condition that CEO William Zollars be cut loose. His employment contract ends December 31.
The largest concession presently in place—the withdrawal of YRCW from Teamster pension funds—expires on December 31. The current negotiations are to replace that deal; the International Union has offered concessions of about $350 million per year—approximately equal in dollar value to the expiring pension deal.
This could possibly be accomplished by YRCW resuming some partial pension payments, in exchange for other concessions by YRCW Teamsters.
The 15 percent wage concession in place everywhere except Chicago (where it is 10 percent) remains in effect until March 31, 2013. Additional wage concessions are unlikely to be part of the proposal.
YRCW Teamsters, working and laid off, will be entitled to vote on the concession proposal. The mail referendum will be held in October.
The International Union has recommended that all freight locals schedule YRCW membership meetings for October 2-3 or October 9-10 weekends.