Troubled U. S. trucker YRC Worldwide is expected to increase its deadline, for the sixth time, till 11.59 pm EST Wednesday, of swapping the debt with equity as its union had pushed the banks and bond holders in order to keep the company moving.

YRC said that by reducing its 1 percent notes to 80 percent, it is increasing its deadline time by 24 hrs from 11.59 pm EST Tuesday.

Its workers, along with the International Brotherhood of Teamsters, are planning to hold a protest, asking for cooperation from creditors. The union had also named JMB Capital Partners and banks including UBS AG, Barclays PLC and Toronto-Dominion Bank as negotiators.

Jim Hoffa, Teamsters President, said that this is a crucial exchange as livelihood of 30,000 Teamster members depends on this Out of total outstanding notes of $536.8 million, 84percent of these has been offered as an exchange for equity.

In USF 8-1/2 percent notes, company has only 59 percent participation and is aiming to get at least 70 percent of it though speculations are that the lenders may even settle for the lower percentage.

YRC is in awful liquidity condition and its must for it to have debt exchange by the end of the year, and this will shelve $19 million in interest and fees.