J
Jay C
Guest
Teamsters for a Democratic Union, based in Detroit, reported on its website, www.tdu.org, that the Teamsters and YRC Worldwide Inc., New Penn's parent, are negotiating for YRCW to re-enter a pension payment schedule.
A concession agreement approved a year ago requires management to resume full participation in pension plans on Jan. 1.
YRCW is asking the Teamsters to approve a lower contribution rate because it is scheduled to increase to more than $8 an hour in August, TDU said. That increase would add about $40 million a month to YRCW's pension contributions.
http://www.google.com/url?sa=t&...Cw&usg=AFQjCNHixX0lHxpkEfGyEDLyWngUD0H4wQ
http://www.tdu.org/node/3950