|By PR Newswire||
|January 26, 2014 11:22 PM EST||
WASHINGTON, Jan. 26, 2014 /PRNewswire/ -- Teamsters working for YRC Worldwide Inc. [NASDAQ: YRCW] have approved a tentative agreement aimed at protecting more than 30,000 jobs. Workers voted this weekend after rejecting a prior company proposal. Teamsters at YRCW approved this latest proposal by a vote of 12,267 to 6,314.
Vote results can be viewed at http://teamster.org/sites/teamster.org/files/finalyrcw.pdf.
"This was a very difficult vote for our members, but in the end they did what they believe will give this company the best chance to stay in business and protect their jobs," said Jim Hoffa, Teamsters General President and Co-Chairman of the Teamsters National Freight Industry Negotiating Committee (TNFINC). "Now we will hold management's feet to the fire to make sure our members' jobs are protected and redouble our efforts to make sure this company handles its finances responsibly."
The plan will provide a pathway for substantial debt reduction and refinancing initiatives that will permit the company to protect jobs.
"Once again, our members' sacrifices are providing the lifeline for the company," said Tyson Johnson, Director of the Teamsters National Freight Division and Co-Chairman of TNFINC. "Now we fully expect the company to successfully conclude the deleveraging and refinancing components of the restructuring to once and for all put this company on a sustainable path."
The agreement approved this weekend contained significant improvements over the company's prior rejected proposal. On Jan. 9, a ballot count revealed that an initial company proposal was rejected by over 19,000 Teamster members who voted over several weeks.
Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Follow us on Twitter @Teamsters and "Like" us on Facebook at www.facebook.com/teamsters.
SOURCE International Brotherhood of Teamsters
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 28, 2016 04:30 PM EDT Reads: 1,171
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Jul. 28, 2016 04:30 PM EDT Reads: 879
Jul. 28, 2016 04:15 PM EDT Reads: 337
Jul. 28, 2016 04:15 PM EDT Reads: 1,768
Jul. 28, 2016 03:45 PM EDT Reads: 1,012
Jul. 28, 2016 03:45 PM EDT Reads: 1,098
Jul. 28, 2016 03:30 PM EDT Reads: 697
Jul. 28, 2016 03:30 PM EDT Reads: 342
Jul. 28, 2016 03:15 PM EDT Reads: 678
Jul. 28, 2016 03:15 PM EDT Reads: 1,900
Jul. 28, 2016 03:00 PM EDT Reads: 1,559
Jul. 28, 2016 12:49 PM EDT Reads: 291
Jul. 28, 2016 12:45 PM EDT Reads: 1,782
Jul. 28, 2016 12:30 PM EDT Reads: 590
Jul. 28, 2016 12:00 PM EDT Reads: 1,230