ironpony
Professional Pot-Stirrer
In exchange for $700 million in loans, YRC gave the federal government a 30% stake in the company. Coupled with recent news that YRC pushed off payments in its benefit plan that provides coverage for current and retired workers, paints a picture of a company mired in debt, that may default on this public loan made with tax dollars.
YRC defers benefit plan payment
YRC defers benefit plan payment
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