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YRC, Teamsters end first week of talks without deal

Associated Press

Trucking company YRC Worldwide Inc. and officials from the Teamsters union have ended their first week of talks, so far unable to reach a deal on more employee concessions that the trucker says would help it stave off a bankruptcy filing.

The nearly 40,000 unionized employees of YRC, which runs trucks under such names as Yellow and Roadway based in Akron, already agreed to a 10 percent cut in pay earlier this year to hold up the company's battered finances. In exchange for the pay cut, workers got a 15 percent stake in the company.

But the company is asking for more cuts as shipping declines in the weak economy.

The Teamsters said negotiations will resume next week in Washington.

Associated Press

Get the full article here.


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