YRC union members have until Jan. 6 to vote on contract - Wichita Business Journal:

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In a release Monday, Overland Kan.-based YRC (Nasdaq: YRCW) said the deadline was extended due toseveral factors, includin holiday mail volume, winter weather in major parts of the country and the number of ballot The extension for about 40,000 Teamster-member YRC employeesw to vote on the proposed national master freighrt agreement follows YRC’s to buy back $150 million in seniord debt that was contingent on union workers ratifyinb the wage cut. YRC had said Dec. 10 that the uniobn employees had untilmidnightt Dec.
23 to ratify the In a filing Wednesday with the Securities and Exchange YRC said it had entered intoa sale-leaseback contractr of a pool of the company’e facilities with . The purchase price for the facilities wasabout $150.5 million with initial annual lease payments of $21. million. YRC also said in the SEC filing that it had startefd negotiations with its banking group to modify termss of its credit facilities to give the company more financial including changes to itsleveragwe ratio. , a subsidiaryg of YRC Worldwide Inc., recently laid off abour 50 employeesin St. Louis and aboutg 150 in nearby Edwardsville, Ill.
, as part of a changed in service providers by one ofits