YRCW will “revise proposal” to Teamsters

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.

 

 

Get Advice Join TDU Donate

Recent News

Zoom Call for IBT Election Volunteers on Saturday, August 14

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. 

Central States Assets Fall – But Relief is Coming!

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.

View More News Posts