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YRC Worldwide (Nasdaq: YRCW) announced today that the International Brotherhood of Teamsters (IBT) has set a date for a two-man committee meeting on December 6 for local union leaders to consider and decide whether to submit the proposal to the business to members for a ratification vote. .
“This meeting and the ensuing vote, which we believe will be ratified, is another important and positive development in our long-planned refinancing process and the continued implementation of our turnaround plan. We are grateful to our unionized and non-unionized employees who have made significant sacrifices to move our business forward and our customers who have shown strong support in this process, â€said James Welch, CEO of YRC Worldwide.
About YRC in the world
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., Is the holding company for a portfolio of successful businesses including YRC Freight, YRC Reimer, Holland, Reddaway and New Penn. YRC Worldwide has one of the largest and most comprehensive LTL networks in North America, with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers cutting-edge expertise in heavy truck shipments and flexible supply chain solutions, ensuring customers
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