New Penn | YRC, Teamsters end abbreviated week of talks

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YRC, Teamsters end abbreviated week of talks
AP ONLINE
Posted: 2009-07-02 10:31:00
NEW YORK (AP) — Trucking company YRC Worldwide Inc. and officials from the Teamsters union have ended their first week of talks, so far unable to reach a deal on more employee concessions that would help the trucker stave off a bankruptcy protection filing that could be looming.

The nearly 40,000 unionized employees of YRC, which runs trucks under names including Yellow and Roadway — already agreed to take a 10 percent cut in pay earlier this year to hold up the company's battered finances. In exchange for the pay cut, workers got a 15 percent stake in the company.

But the company is asking for more cuts as shipping declines in the weak economy and YRC is forced to make tough decisions to maintain its cash and hold off creditors.
 
YRC, Teamsters end abbreviated week of talks
AP ONLINE
Posted: 2009-07-02 10:31:00
NEW YORK (AP) — Trucking company YRC Worldwide Inc. and officials from the Teamsters union have ended their first week of talks, so far unable to reach a deal on more employee concessions that would help the trucker stave off a bankruptcy protection filing that could be looming.

The nearly 40,000 unionized employees of YRC, which runs trucks under names including Yellow and Roadway — already agreed to take a 10 percent cut in pay earlier this year to hold up the company's battered finances. In exchange for the pay cut, workers got a 15 percent stake in the company.

But the company is asking for more cuts as shipping declines in the weak economy and YRC is forced to make tough decisions to maintain its cash and hold off creditors.

Great post newpenn 107! This is exactly what we all need to do during these tough times. Sharing information and discussing the issues leads to informed voters. I hope to see other New Penn employees on this board join in. Knowledge is power! Going into another week might mean our union leaders aren't caving in so easily this time! Any thoughts?
 
Bargaining

what good is a stake in the company??? Once they go belly up, try to collect anything. If you get anything, it will go to the union, not you.
 
what good is a stake in the company??? Once they go belly up, try to collect anything. If you get anything, it will go to the union, not you.

What New Penn terminal do you work at? If you are going to come over here and spread negativity at least man up and share your location. Probably another laid off YRC driver coming over here to spout off. We will work New Penn Proud through this rough time and come out smelling like a rose.
 
What New Penn terminal do you work at? If you are going to come over here and spread negativity at least man up and share your location. Probably another laid off YRC driver coming over here to spout off. We will work New Penn Proud through this rough time and come out smelling like a rose.

Seems to know or thinks to know about a lot of what goes on at NEMF.Makes you wonder where he works...
 
Great post newpenn 107! This is exactly what we all need to do during these tough times. Sharing information and discussing the issues leads to informed voters. I hope to see other New Penn employees on this board join in. Knowledge is power! Going into another week might mean our union leaders aren't caving in so easily this time! Any thoughts?

or the union know they will hear about it if they were to have agreed already so they had it go into another week to look good so we will not call them cowards and/or company yes men
 
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