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  1. #1
    Having Fun Now

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    Default Teamsters and YRCW Reach Tentative Agreement

    July 9, 2009
    The Teamsters National Freight Industry Negotiating Subcommittee announced today that a tentative agreement has been reached with YRCW that addresses the Company’s immediate cash concerns and long-term competitiveness while protecting Teamster members’ jobs and benefits once the company returns to profitability.

    Details of the Tentative Agreement will be made available to the membership after being explained to Local Union leaders early next week.

    “In the midst of the worst economic recession in our lifetime our Union negotiators have crafted a Tentative Agreement with YRCW that requires shared sacrifice while preserving good jobs and benefits for 35,000 YRCW workers and their families and tens of thousands Teamster retirees,” said James P. Hoffa, Teamsters General President.

    “This is a tough situation for the company and our members,” said Tyson Johnson, Teamsters Freight Division Director and co-chairman of the TNFINC. “Our members should know our Freight leaders, Pension Fund trustees, Teamster staff and independent experts have worked tirelessly to evaluate the situation and develop a solution that protects our members and allows the company to survive the worst freight recession in several generations. We are confident this Tentative Agreement balances the need to provide job security while maintaining good quality jobs.”

    “This Tentative Agreement should also send a message to the industry players who are slashing prices in an attempt to force YRCW out of business that YRCW will have the resources to be here for the long haul,” Johnson said.
    Teamsters and YRCW Reach Tentative Agreement | International Brotherhood of Teamsters (IBT)

  2. #2
    Getting In The Groove Now.

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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    UPDATE 1-YRC and Teamsters in tentative deal; stock doubles | Markets | Bonds News | Reuters
    *****In morning trade on Nasdaq, YRC shares were up 96 cents or nearly 108 percent at $1.85.

  3. #3
    Getting In The Groove Now.

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    Last edited by HBF; 07-09-2009 at 04:12 PM. Reason: all pertaining to the same topic

  4. #4
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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    If this thing fail's No_One can say they went down over Organized Labor, all of still working are giving everything up-to-and-including-the blood-from yourselve's,, on this...

  5. #5
    I Am Rocking Now

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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    =DJ YRC, Teamsters Reach Tentative Agreement; Shares Surge

    .
    DOW JONES NEWSWIRES


    YRC Worldwide Inc. (YRCW) reached a tentative agreement with the International Brotherhood of Teamsters Thursday to modify the terms of its current labor agreement.

    Shares surged 93% to $1.72 following the news. Still, the stock has lost over 90% of its value from its 52-week high last July.

    The largest independent less-than-truckload carrier said the proposed changes would help lower the company's cost structure and preserve operating capital.

    YRC Worldwide has been forced to secure concessions from lenders amid sagging volume and multiple restructuring efforts.

    The company said it would release additional details about the tentative agreement next week, following further discussions with labor leadership. The modified agreement will be voted on by YRC Worldwide employees who are represented by the Teamsters.

    The Teamsters agreed to $200 million in wage cuts in January, and further pay and pension concessions were expected to be on the agenda for this round of talks.

    -By John Kell, Dow Jones Newswires;


    Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?...gLJ4GpiQ%3D%3D. You can use this link on the day this article is published and the following day.

  6. #6
    Getting In The Groove Now.

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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    Im laid off , do I get to vote?

  7. #7
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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    same here still laid off no chance to vote again

  8. #8
    I Am Rocking Now

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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    Quote Originally Posted by trich1953 View Post
    I'm laid off , do I get to vote?
    trich1953,
    Welcome to TeamstersOnline.com. My guess is that you would get to vote.

  9. #9
    Getting In The Groove Now.

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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    Quote Originally Posted by trich1953 View Post
    Im laid off , do I get to vote?
    You can vote as long as your not on withdraw

  10. #10
    Getting In The Groove Now.

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    Default Re: Teamsters and YRCW Reach Tentative Agreement

    Still laid off, It has been 10 months and i still say vote no, anything is going to be a give back on top of what they have ripped from my life. If you are laid off and your dues are in arrears you do not get a vote, the Union did not get you any help when you got laid off, and hasn't got you anything since you got a letter, except to say, take a withdrawal card and don't call us we'll call you. While i am still laid off, I am not letting YRCW take 10%, But that also means i'm not getting stock options.WHAT THE HELL, YRCW,705,AND HOLLAND 90%'ers, have all forgotten those laid off. I know i have lost everything. But as you all vote, laid off members will get more crap shoved down our throats. Thanks, or NOTHANKS FOR YOUR SUPPORT .....VOTE NO!

 

 
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