Reuters logo
Teamsters reach tentative deal with YRC Worldwide
January 17, 2014 / 10:40 PM / in 4 years

Teamsters reach tentative deal with YRC Worldwide

Jan 17 (Reuters) - The Teamsters union said it has reached a tentative agreement with trucking company YRC Worldwide Inc for a new labor contract that sets the stage for the struggling company to push ahead with a refinancing plan.

YRC shares rose 10 percent in extended trading after closing at $15.82 on the Nasdaq.

The deal, which would need to be ratified by union members, would save about 30,000 jobs at the company, the International Brotherhood of Teamsters said in a statement.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below