YRC Worldwide drivers and dock workers voted to keep wages reduced by 15% until 2015, as part of concessions to help the company stay afloat. The workers are also allowing the company to suspend pension payments until June, and they agreed to more flexible work rules. The company says that new deal signals an era with the workers more involved and invested in the fate of the company. The Teamsters, who represent the workers, lobbied Wall Street to help get the money to save the company. The company says that workers are the reason that they are still in business.
See "Union workers approve key cost-cutting deal with YC Worldwide", Randolph Heaster, Kansas City Star, November 1, 2010