IE Business Daily Business news for the Inland Empire.
A global logistics company has asked its union drivers, dock workers and other employees to make concessions so that the company can survive another financial storm.
YRC Worldwide probably will ask the workers to postpone raises and curtail donations to a Teamsters pension plan, according to a report originally published in The Press-Enterprise.
Officials with YRC and the Teamsters are scheduled to meet with locals to talk about restructuring their agreement. If a deal is not reached, YRC could go out of business. That would eliminate an estimated 26,000 jobs, including 1,000 to 1,500 jobs in the Inland Empire, according to the report.
YRC owns several trucking and logistics brands, including Yellow Freight, New Penn and USF Reddaway.
