January 16, 2014. YRCW CEO James Welch now says that the company will “revise its proposal” for a contract extension, to work with the Teamsters and with their lenders to enable the company to re-finance its debt.
In a statement issued today. Welch admitted that “re-voting the same proposal is not an option.”
Teamsters at YRCW clearly gave Welch that information with the overwhelming rejection of the company’s first extension proposal. Welch now plans to deal with the International union to craft a Plan B.
The Kansas City Star reports YRC intends to revise proposal.