YRC Extends Pay Cut Decision Deadline

By: Associated Press Email
By: Associated Press Email

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The deadline for a vote to lock in an immediate 10% pay cut and other contract modifications for union workers at YRC Worldwide has been extended by one week.

Overland Park-based YRC is one of the nation's largest trucking companies. Ballots were to be counted by tomorrow. But YRC pushed the deadline to Jan. 6 because of holiday mail volume, harsh winter weather in parts of the U.S., and a high number of ballot requests.

Earlier this month, the Teamsters union and YRC agreed to a tentative plan for union workers to take an immediate 10 percent pay cut to boost the company's slipping finances.

The 40,000 union workers employed by YRC are currently covered under a five-year contract that began in March. The company has a total of about 58,000 employees.

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