Print This
E-mail This Write a Letter
To The Editor
ShareThis
YRC Worldwide said Monday that joint committees representing the company and the Teamsters union are being formed to address YRC’s “competitiveness and reentry into union pension plans.”
As part of the plan, the Teamsters named Teresa Ghilarducci as its selection for its YRC board seat, which was part of the two sides’ recently negotiated job-security plan.
Ghilarducci is the Bernard L. and Irene Schwartz Professor of Economic Policy Analysis at the New School for Social Research in New York City.
“The joint labor-management committees provide an additional avenue for the Teamsters to be proactive in our continued efforts to preserve jobs and benefits of our hardworking YRCW members,” Teamsters General President Hoffa said in a statement.
As YRC “returns to profitability, these efforts will provide further momentum as we focus on additional improvements to solidify the company's industry leading position,” said YRC Chairman and Chief Executive Officer Bill Zollars.
YRC is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Last edited by slavenomore; 05-24-2010 at 11:58 AM.
"Thanks to the sacrifice and hard work of our members, YRC is rebounding from the impact of the economic recession and efforts by non-union companies in the freight industry to drive YRC out of business," said James Hoffa, the Teamsters’ general president, in a written statement.
The Teamsters also announced today that it named Teresa Ghilarducci to be its selection for its YRC board of director’s seat, which was recently negotiated as part of the job security plan with the LTL conglomerate.
Ghilarducci is the Bernard L. and Irene Schwartz Professor of Economic Policy Analysis at the New School for Social Research in New York City and is currently a trustee for the UAW Retiree Medical Benefits Trust for GM, Ford, and Chrysler, and the Goodyear Retiree Health Care Trust for Steelworker trustees.
Last edited by slavenomore; 05-24-2010 at 03:06 PM.
YRC pension re-entry news
Linear Mode
