Teamster Yrc Tentative Agreement

Teamster Yrc Tentative Agreement

Local 710 managed to eliminate the company`s proposal for a two-tiered compensation system, won the national wage package (the previously rejected agreement included a lower wage package than the national one) with retroactive effect to April 1, 2019 and ensured the language in the contract itself for a “red district agreement” protecting the bargaining unit if a third party is used , for example. B HNRY Logistics. The union`s bargaining committee said on the Teamsters` website that it had reached a preliminary agreement in principle with YRC`s subsidiaries Freight, New Penn and Holland of YRC. The Committee granted an extension of the current agreement until 31 May to allow both parties to finalise the language and other issues and to allow ratification of votes for union members. YRC Worldwide – the parent company of YRC Freight, New Penn and Holland – and the Teamsters union have reached an interim agreement on a new collective agreement. Details of the new employment contract have not been released. David Ross of Stifel Nicolaus viewed YRCW`s statement as a reaction to the sharp decline in YRCW shares, which fell below $1.00. He noted that, although a YRCW press release stated that he had reached a preliminary agreement with the International Brotherhood of Teamsters on the modification of his current employment contract, the details were not reached. “We believe the company has put concessions on the table to be reviewed by the Teamsters, which may include salary cuts, pension allowances and co-remuneration in the health sector. The way in which members vote on changes to the employment contract depends, in our view, on the proposed concessions,” said Ross. For example, an additional 5% reduction in wages could be tastier than a 15% reduction. And co-pay in the health sector has been a no-start for Teamsters in the past. MOKENA, IT | The Teamsters Local 710 Negotiating Committee for YRC and Holland Clerical Workers reached a strong preliminary agreement last week, accompanied by a full recommendation from the trade union committee. The 53 office workers are subject to a white paper agreement that is separate from the national agreement on the master freight agreement, ratified last year.

“It`s been a long road, but in any case it`s worth it,” said JoAnne Lizak, a member of the Dutch commission. “I am so pleased that we can finally return to the members a treaty of which we are proud. Getting this provisional agreement shows what is possible if you are supported by the solidarity and strength of the Union of Teamsters. The company stated that “details of the interim agreement are expected to be available next week [13-17 July] after further discussions with labour management.