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Stock Market & Financial Investment News

News Breaks
January 17, 2014
17:14 EDTYRCWTeamsters announce tentative agreement with YRC Worldwide
The Teamsters Union announced that it reached a tentative agreement with YRC Worldwide that, if ratified by the membership, will provide a pathway for substantial debt reduction and refinancing initiatives. On January 9, a ballot count revealed that an initial company proposal was rejected by over 19,000 Teamster members who voted over several weeks. Details of the revised proposal will be reviewed at a meeting of local union officials to be held on January 21. It is up to that committee to approve sending the revised proposal to the membership for a ratification vote.
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