AP: YRC, Teamsters end abbreviated week of talks
AP:
NEW YORK — 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.
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Tags: YRC Worldwide
