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 urge the hedge fund to exchange or sell.

Read the full Teamster press release at StreetInsider.com.

Get Advice Join TDU Donate

Recent News

UPS Teamsters United Zoom Event: Moving from Problems to Solutions

Join a UPS Teamsters United national zoom event to talk about how we can move from problems to solutions in upcoming negotiations and how you can get involved in the UPS contract campaign, Sunday, October 16 at noon ET / 11am CT / 10am MT / 9am PT.

Rank-and-File UPSers Share Sample Contract Proposals

Rank-and-file UPSers have compiled sample contract proposal ideas for the National Master Agreement. Click here to see what they've come up with. And make sure you attend your local union’s proposal meeting.

View More News Posts