http://www.asturpyme.com/user_detail.php?u=teaxkarie
A spokesman for the confirmed Mondayh whenthe in-person talks would continue. Discussions, which began a week ago, are beingf held at the Teamsters’ Washington headquarterw and byconference call. Neither the company nor the unioh has disclosed the content of the But union reform organization said the parties are considering a proposal in which YRC would quit participatinyg in Teamster pension plans for aboutr14 months, a move that could save abouty $500 million. Unlike previous this plan would not offer union members anythingin return. The Teamsters are askintg YRC to arrange more bank financing and guarantee that it will full y return to the pension plans afterthat period, TDU said.
The parties are attempting a rapid process that could end in a vote by affecter union membersthis month, TDU said. Overland Kan.-based trucking company YRC (Nasdaq: YRCW), which has roughlyt 49,000 total employees — more than half of them union memberx — has been weighed down by debt and a length yfreight recession, and lost $257.4 milliobn in the first It has integrated subsidiaries, shut down laid off workers and sold property to try to cut costss and maintain liquidity.
Early this year, Teamsteres members agreed to a 10 percent wage cut and suspensionjof cost-of-living adjustments through 2013 in exchangs for a 15 percent stake in the YRC also has been negotiating to defer unionh pension fund payments using company real estate as collateral and on June 18 secures an agreement with the largest pensionj fund to defer $83 million in The union has said it also is reachinb out to stakeholders — such as pension funds and YRC’x lenders — to address the cash issue.
No comments:
Post a Comment