November 25, 2008: YRC Worldwide management is seeking to cut Teamsters wages as it tries to arrange new financing to pay off debt.
The Teamsters union said it has been in talks for several weeks over givebacks on the National Master Freight Agreement, the labor contract that was renewed earlier this year.
Click here to read more at Traffic World.TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register.
The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter. The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.
