Teamsters for YRC's regional operating unit New Penn, who initially rejected YRC Worldwide's new labor contract, have voted to approve the contract 912-334.
New Penn local unions requested the revote after hearing about a possible merger of New Penn with YRC, which would cause the loss of hundreds of Teamster jobs, said Teamsters National Freight Director Tyson Johnson, in a letter to members.
"The New Penn local union leaders did a great job explaining the negative consequences if this revote was not successful," said Johnson. "The New Penn members realized that hundreds of jobs were at stake in this vote."
While the majority of employees of YRC and Holland approved the agreement in early August, the Teamsters at New Penn voted against it. The new contract involves a 15 percent pay cut from the full National Master Freight Agreement, an 18-month termination in pension contributions and a reduction in health and welfare contributions.
YRC's Job Security Plan, part of a company-wide effort to restore the less-than-truckload giant's financial health, will save YRC $1.2 billion over the remaining 44-month term of the agreement.
New Penn local unions requested the revote after hearing about a possible merger of New Penn with YRC, which would cause the loss of hundreds of Teamster jobs, said Teamsters National Freight Director Tyson Johnson, in a letter to members.
"The New Penn local union leaders did a great job explaining the negative consequences if this revote was not successful," said Johnson. "The New Penn members realized that hundreds of jobs were at stake in this vote."
While the majority of employees of YRC and Holland approved the agreement in early August, the Teamsters at New Penn voted against it. The new contract involves a 15 percent pay cut from the full National Master Freight Agreement, an 18-month termination in pension contributions and a reduction in health and welfare contributions.
YRC's Job Security Plan, part of a company-wide effort to restore the less-than-truckload giant's financial health, will save YRC $1.2 billion over the remaining 44-month term of the agreement.
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