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Teamsters See Need For 'Comprehensive Restructuring' At YRC Worldwide
By Bob Sechler, Of DOW JONES NEWSWIRES
The Teamsters union said late Friday that it will only support new employee concessions at YRC Worldwide Inc. (YRC) if the effort "supports a comprehensive restructuring" at the struggling trucking company.
"Our goal is to facilitate that restructuring and protect as many Teamster jobs as possible," the International Brotherhood of Teamsters said in a statement to its members.
The union said it will agree to submit recent YRC cost-saving proposals for ratification of its members only "if certain conditions are met."
Read more: Teamsters See Need For 'Comprehensive Restructuring' At YRC Worldwide
By Bob Sechler, Of DOW JONES NEWSWIRES
The Teamsters union said late Friday that it will only support new employee concessions at YRC Worldwide Inc. (YRC) if the effort "supports a comprehensive restructuring" at the struggling trucking company.
"Our goal is to facilitate that restructuring and protect as many Teamster jobs as possible," the International Brotherhood of Teamsters said in a statement to its members.
The union said it will agree to submit recent YRC cost-saving proposals for ratification of its members only "if certain conditions are met."
Read more: Teamsters See Need For 'Comprehensive Restructuring' At YRC Worldwide