![]() ![]() If approved at the local level, current employees who are still under the company’s “new-hire wage progression” program, usually the first two years of employment, will be bumped up to the 100% pay rate for their applicable jobs. YRC will determine which regions should implement the bonus plan to hire new drivers and the local unions have the discretion to approve or decline the plan. The plan calls for the sign-on bonuses to be paid in three installments over 18 months and not to exceed $7,500. The memo highlighted a provision for increased wage rates previously laid out in the national master freight agreement (NMFA), which was last ratified in May 2019, to address “challenges hiring and retaining qualified employees in certain areas of the country.” ![]() In a Tuesday memorandum to local unions representing YRC Freight, New Penn and Holland, the negotiating committee of the Teamsters informed the rank and file that a new-hire bonus of up to $7,500 could be paid to drivers. Less-than-truckload (LTL) carrier YRC Worldwide ( NASDAQ: YRCW) and the Teamsters have agreed to implement hiring bonuses for new CDL drivers.
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