OVERLAND PARK, Kan., Nov. 26, 2013 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (YRCW) announced today that the International Brotherhood of Teamsters (IBT) has set a Two Man Committee meeting date of December 6 for local labor leaders to review and to decide to submit the company's proposal to the membership for a ratification vote.

"This meeting and the subsequent vote, which we believe will be ratified, is another important and positive development in our long-planned refinancing process and the continued implementation of our turnaround plan. We are grateful to our union and non-union employees who have made significant sacrifices to keep our company moving forward and our customers who have shown solid support in this process," said James Welch, CEO of YRC Worldwide.
YRC Worldwide Company Contract Proposal to be Reviewed by Local Union Leaders - Yahoo Finance