Friday, October 10, 2008

YRC Logistics in St. Louis closing, leaving 47 jobless

YRC Logistics Inc., a subsidiary of trucking and freight giant YRC Worldwide Inc. of Overland Park, Kan., is shutting down one of its operations in the St. Louis area and eliminating 47 employees.

YRC Logistics notified the Missouri Department of Economic Development about the job cuts in a Worker Adjustment and Retraining Notification (WARN) Act notice Sept 9. Keener Tippin, a Missouri Department of Economic Development spokesman, said the company will complete the layoffs next month.

Suzanne Dawson, a YRC spokeswoman, said YRC Logistics is making the job cuts because of changes in some contracts that the company has with two companies. One of those contracts, she said, involves Cincinnati-based Procter & Gamble Co.

YRC Worldwide has struggled since last year, reporting losses and laying off workers as it faces a slow economy and tries to speed up integration of two subsidiary trucking companies. Its chief financial officer of less than a year, Stephen Bruffett, resigned Aug. 14 to take a similar position with competitor Con-way Inc.

No comments: