YRC Economic Relief Plan Gains Support
As ballots were distributed to rank-and-file members of the International Brotherhood of Teamsters (IBT), industry leaders reportedly were supporting the economic relief plan at YRC Worldwide.
The relief plan proposed by the motor carrier includes a 10% reduction in gross wage and mileage rates to extend through the term of the current National Master Freight Agreement (March 13, 2013). The cost of living adjustment will also be suspended for the period.
There are no changes to any health, welfare and pension contributions, said the IBT.
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