Teamsters proposal would give YRC more operating cash

June 22, 2009: YRC Worldwide Inc. may get more leeway from its major union, which would provide more operating cash.

Representatives from freight locals of the International Brotherhood of Teamsters Union, which represents most YRC (Nasdaq: YRCW) workers, met last week in Chicago to talk about the company’s operating and financial condition, the Teamsters said in an update. Based on internal and independent financial analyses of the company, the representatives unanimously agreed to let a negotiating committee work on how to meet YRC’s need for more cash, the update said. Union members would have to vote on any proposed changes.

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

Get Advice Join TDU Donate

Recent News

Getting Out the Vote for O'Brien-Zuckerman Teamsters United

The ballots are out and we’re on the verge of making history. As of Monday, 100,925 ballots are in. That means the vast majority of members who will vote in the election have not voted yet. Here are five things you can do right now to get out the vote.

Teamster Insurgents Could Win Their Union Election

One of the most common sentiments repeated by workshop leaders at the TDU convention was, ​The real fight is about to begin after we win.” — By Ryan Haney (reprinted from In These Times & Labor Notes)

View More News Posts