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TRUCKING INDUSTRY * USA - Teamsters ratify YRC plan; Hoffa wants banks ‘to step up’
Washington,DC,USA -The Trucker -8 July 2009: -- Teamster members who work at the freight companies of YRC Worldwide Inc. — Yellow, Roadway and Holland — have approved a Job Security Plan that provides economic relief for YRC as it works to get through the worst economic crisis since the Great Depression, the union reported Friday... The modifications were ratified by a 58.5 percent to 41.5 percent margin, with 64 percent of members casting ballots. Ballots were mailed to union members on July 17 and were due Aug. 6... YRC called the IBT vote a “major step forward in the company's comprehensive plan.” The Job Security Plan provides YRC with over $1.2 billion of cost savings over the remaining 44 month term of the agreement and greatly enhances YRC’s financial position, the union said...Labels: trucking industry nerws USA
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