YRC, Teamsters Forming Competitiveness Committees

YRC Worldwide said Monday that joint committees representing the company and the Teamsters union are being formed to address YRC’s “competitiveness and reentry into union pension plans.”

As part of the plan, the Teamsters named Teresa Ghilarducci as its selection for its YRC board seat, which was part of the two sides’ recently negotiated job-security plan.

Ghilarducci is the Bernard L. and Irene Schwartz Professor of Economic Policy Analysis at the New School for Social Research in New York City.

“The joint labor-management committees provide an additional avenue for the Teamsters to be proactive in our continued efforts to preserve jobs and benefits of our hardworking YRCW members,” Teamsters General President Hoffa said in a statement.

As YRC “returns to profitability, these efforts will provide further momentum as we focus on additional improvements to solidify the company's industry leading position,”  said YRC Chairman and Chief Executive Officer Bill Zollars.

YRC is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.