YRC cuts jobs to offload expenses

Discussion in 'YRC Freight' started by Eric Zeemen, Aug 3, 2017.

  1. Eric Zeemen

    Eric Zeemen New Member

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    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.
     
  2. hilo342

    hilo342 Active Member

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    More old news. From February
     
  3. jenny807

    jenny807 Active Member

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    Get lost with your old news...new guy...
     
    Last edited: Aug 3, 2017
    aztec warrior and Big Dave like this.
  4. Big Dave

    Big Dave Dispatcher for Team BRG-Wong

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    Hope this won't affect my weekend dispatch job.
    And they better not get rid of Donna!! :ranting2:
     
    aztec warrior likes this.
  5. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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