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07-31-2023, 01:38 PM | #1 |
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30,000 employees out of work
Yellow Freight is bankrupt and out of business. 99 years. Thanks Teamsters, bet the families of the 30,000 are union proud when they have to go on welfare.
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Gary Hansen - SS/FA 4911, B/SA 4911 |
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07-31-2023, 02:13 PM | #2 | |
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Re: 30,000 employees out of work
Quote:
https://www.cbsnews.com/news/yellow-...what-happened/
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Jeff Niceswanger 3740 SS |
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07-31-2023, 02:24 PM | #3 |
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Re: 30,000 employees out of work
Doesn't work that way. FedEx won't hire anyone that was with a union that took a 99 year old company down. They are unhireable.
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Gary Hansen - SS/FA 4911, B/SA 4911 |
07-31-2023, 02:29 PM | #4 |
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Re: 30,000 employees out of work
UPS
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Gary Hansen - SS/FA 4911, B/SA 4911 |
07-31-2023, 02:31 PM | #5 |
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Re: 30,000 employees out of work
A Teamster strike threat delivered the final blow to cash-poor Yellow
The shutdown comes just days after a Teamsters strike at the company was averted. A week ago, a pension fund for Yellow agreed to extend health benefits for workers at two Yellow operating companies after the carrier missed its $50 million benefits payment to the fund on July 15, the union said. While the extension held off a July 24 strike, the threat of a walkout that could disrupt operations prompted a wave of Yellow customers to bolt. "The Teamsters actions induced a high level of variability and uncertainty in the market for Yellow's customers. The market abhors variability and uncertainty," wrote Mike Regan, co-founder of TranzAct Technologies, which manages transportation services for retailers. "Consequently, Yellow lost substantial and much needed volume." After the Teamster strike threat, Yellow's freight volumes fell 80% within the span of a week, according to Jack Atkins, a managing director at the financial services firm Stephens who researches the transportation sector.
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Gary Hansen - SS/FA 4911, B/SA 4911 |
07-31-2023, 03:07 PM | #6 | |
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Re: 30,000 employees out of work
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I'd be finding out if UPS is hiring. At the end of this 5 year contract they will be making 49 dollars an hour plus a heck of ah defined pension. .That's almost enough to race a Superstocker on! At least a stocker.
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Jeff Niceswanger 3740 SS |
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