YRC Worldwide Ends Contract Extension with International Association of Machinists
Less than one-tenth of 1% of YRCW employees represented by the IAM
OVERLAND PARK, Kan., April 12, 2013 /PRNewswire/ — YRC Worldwide announced today that it is ending a contract extension with the International Association of Machinists (IAM), effective April 15. While the company will continue to talk with the IAM, the lack of significant progress in the negotiations led to the action. Of the company’s 32,000 employees, less than one-tenth of 1 percent is represented by the IAM. The company has contingency plans in place to ensure there is no interruption of its operations or disruptions in customer service after April 15. The contract with IAM employees originally was scheduled to expire on March 31, 2013. Negotiations have continued during a mutually agreed-upon extension of the contract. To date, the IAM has refused to accept the same shared-sacrifice measures that all other union and non-union employees of YRC Worldwide have accepted.
About YRC Worldwide
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is the holding company for a portfolio of successful brands including YRCFreight, YRC Reimer, Holland, Reddaway, and New Penn, and provides China-based services through its JHJ joint venture. YRC Worldwide has one of the largest, most comprehensive less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. Through its team of experienced service professionals, YRC Worldwide offers industry-leading expertise in heavyweight shipments and flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods with confidence. Please visit www.yrcw.com for more information.
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SOURCE YRC Worldwide