MILE MARKER #51
Teamsters leaders vote unanimously for union workers at trucking company YRC Worldwide to take an immediate 10% pay cut to hold up the company's dwindling finances.
Teamsters spokesman Bret Caldwell said Wednesday union leaders reviewed the deal and said they expect to send it out for a member vote on Dec. 9. Ballots are expected to be counted on Dec. 30.
Teamsters spokesman Bret Caldwell said Wednesday union leaders reviewed the deal and said they expect to send it out for a member vote on Dec. 9. Ballots are expected to be counted on Dec. 30.
The 40,000 union workers at YRC Worldwide Inc. are currently covered under a 5-year contract that began in March. Caldwell said the agreement is an amendment to help cope with current market conditions. The Overland Park, Kan.-based company has about 58,000 employees.
The cut will not include any changes in health care or other benefits.
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