YRC, Machinists Reach Tentative Agreement
YRC Worldwide said it has reached a tentative agreement with the International Association of Machinists on a new contract.
The agreement will now go to IAM’s membership for a ratification vote. During the ratification process, IAM-represented employees will continue to report to work under provisions of the previous agreement, which expired on March 31.
Negotiations continued with IAM leadership during a mutually agreed-upon extension of the contract, the less-than-truckload carrier said.
While the agreement affects less than 1% of the YRC’s 32,000 employees, it offers important shared-sacrifice provisions that will bring IAM members into alignment with other YRC Worldwide employees, the company said.
“The tentative agreement is an essential action to ensure that all employees participate in the recovery of the company on an equal basis,” YRC said in a statement.
YRC is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
