During negotiations for the YRCWRestructuring Plan, the company made numerous demands that the union blasted as unreasonable. The union successfully fought these proposals. Below is a list of some examples of changes the company sought, and what was eventually negotiated.
The Teamsters National Freight Industry Negotiating Committee (TNFINC) announced today that it reached a tentative agreement with YRCW that sets the foundation for a comprehensive financial restructuring and a viable, sustainable company.
As you most certainly are aware, YRCW continues to struggle to stabilize its business in these extremely difficult economic times. It faces challenges from debt obligations imposed by its lenders as well as from competitors that would like YRCW to go out of business so that they can take the company’s customers and your jobs.