YRCW Worldwide, Inc. (YRCW) announced on February 13th that it has closed on the financing of a new $700 million term loan and a $450 million asset-based loan facility, which was the final piece to an improved capital structure.
Teamsters working for YRC Worldwide Inc. (YRCW) have approved a tentative agreement aimed at protecting more than 30,000 jobs. Workers voted this weekend after rejecting a prior company proposal.
As YRCW members prepare to review and vote on the YRCW tentative agreement, here is a flier with frequently asked questions and the answers to those questions.
For a summary of the YRCW tentative agreement, watch this 21-minute PowerPoint summary that reviews the key points of the agreement.
Today, leaders from Teamster local unions that represent workers at YRC Worldwide Inc. (YRCW) overwhelmingly recommended to approve a tentative agreement and to send it out to the membership for a vote.
(WASHINGTON) – The Teamsters Union announced today that it reached a tentative agreement with YRC Worldwide Inc. (YRCW) that, if ratified by the membership, will provide a pathway for substantial debt reduction and refinancing initiatives that will permit the company to protect and preserve more than 30,000 good American jobs.