YRC Worldwide ending contract negotiations with machinist union

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YRC Worldwide says it will end contract extension discussions with the International Association of Machinists (IAM) April 15.

While the company will continue to talk with the IAM, YRC officials cite a lack of significant progress in the negotiations as the cause to drop the process.

Of the company’s 32,000 employees, less than .1 percent is represented by the IAM.

The company says it has contingency plans in place to ensure there is no interruption of operations or disruptions in customer service after Monday.

The contract with IAM employees originally was scheduled to expire on March 31, 2013 and negotiations have continued during a mutually agreed-upon contract extension.

To-date, the IAM has rebuffed the same shared-sacrifice measures that YRC Worldwide says other union and non-union company employees have accepted.

The International Brotherhood of Teamsters, representing more than 25,000 employees at the company, agreed to a series of concessions including wage cuts and halted pension payments until 2015.

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