Yellow | YRC cuts jobs to offload expenses

[Eric Zeemen]

After announcing a larger first-quarter loss, YRC Worldwide Inc. said it has cut 180 management and non-union jobs to lighten its expense load.

The Overland Park-based trucking company said it cut the jobs as part of a move to cut $25 million costs during the next year. In a release, CEO James Welchcalled the

reductions a plan to "reduce costs and de-layer our management and other non-union workforce."


"... Headcount reduction is the most significant source of savings while other changes included increasing collaboration across our companies and reducing the utilization of external professional services," Welch said.

YRC reported a net loss of $25.3 million and a comprehensive loss of $20.9 million for the first three months of the year. That compares with a net loss of $12 million and comprehensive loss of $14.6 million for the same period last year.

YRC ranked 26th on the Kansas City Business Journal's list of Top Area Private-Sector Employers, based on 1,700 local employees.

 

[hilo342]

More old news. From February

 

[jenny807]

After announcing a larger first-quarter loss, YRC Worldwide Inc. said it has cut 180 management and non-union jobs to lighten its expense load.

The Overland Park-based trucking company said it cut the jobs as part of a move to cut $25 million costs during the next year. In a release, CEO James Welchcalled the

reductions a plan to "reduce costs and de-layer our management and other non-union workforce."


"... Headcount reduction is the most significant source of savings while other changes included increasing collaboration across our companies and reducing the utilization of external professional services," Welch said.

YRC reported a net loss of $25.3 million and a comprehensive loss of $20.9 million for the first three months of the year. That compares with a net loss of $12 million and comprehensive loss of $14.6 million for the same period last year.

YRC ranked 26th on the Kansas City Business Journal's list of Top Area Private-Sector Employers, based on 1,700 local employees.

Get lost with your old news...new guy...

 

[Big Dave]

Hope this won't affect my weekend dispatch job.
And they better not get rid of Donna!!

 

[BIG R GUY]

Hope this won't affect my weekend dispatch job.
And they better not get rid of Donna!!

I like your new office Donna gave you too....