Teamsters to Receive Bonus Pool at Yellow Operating Companies
MEMORANDUM
TO: YRC Freight, Holland, New Penn and Reddaway Local Unions
FROM: John A. Murphy, National Freight Director
DATE: March 16, 2022
RE: Teamsters to Receive Bonus Pool at Yellow Operating Companies
Yellow has indicated that it is paying certain bonuses to various Company officers and/or executives. In the last agreement, TNFINC negotiated a “two for one” provision in the national agreement for executive bonuses. Specifically, for every dollar that gets paid in executive bonuses, qualified represented workers get two dollars put into a pool to split up. This year, the Teamster represented employees’ pool is $9,879,434.00; with about 20,033 individual eligible members, each member will receive $493.16. The checks to members will likely go out within the week.
JAM/ae
cc: Regional Freight Coordinators