OVERLAND PARK, Kan., April 17, 2013 /PRNewswire/ -- YRC Worldwide announced today that it has reached a tentative agreement with the leadership of the International Association of Machinists (IAM) on a new contract. The agreement will now go to the IAM-represented employees for a ratification vote. During the ratification process, IAM-represented employees will continue to report to work under provisions of the current agreement.
The previous contract with IAM employees expired on March 31, 2013. Negotiations continued with IAM leadership during a mutually agreed-upon extension of the contract. While the agreement will affect less than 1% of the company's 32,000 employees, it offers important shared-sacrifice provisions that will bring IAM members in alignment with their fellow YRC Worldwide employees. The tentative agreement is an essential action to ensure that all employees participate in the recovery of the company on an equal basis.
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.
Web site: www.yrcw.com
Follow YRC Worldwide on Twitter: http://twitter.com/yrcworldwide
SOURCE YRC Worldwide