Two months after YRC Worldwide received approval from its lenders to use real estate as collateral for union pension deferrals, the Teamsters union formed a committee to consider whether changes are needed to its national contract with the company to pursue such a strategy.

“We are forming this committee to review the contract in efforts to help YRCW survive this recession and hopefully come out stronger than ever,” said Teamsters President James P. Hoffa in a June 5 statement. “Our number one priority is to protect our members and their families, and that’s our paramount concern throughout this process.”
Teamsters Weigh YRC Pension Deferments | Journal of Commerce