Posts tagged bankruptcy
Opinion: Hochul must shame LIRR unions —by revealing their outrageous strike demands
September 15, 2025 // The agency’s overtime spending regularly stands out by national standards (only periodically rivaled by the MTA’s other big rail outfit, Metro-North, which is stuck operating under the federal law that governs the LIRR). LIRR employees in 2023 made an average of more than $26,000 each in overtime alone.
Holy Family Hospital’s Allied Health Professionals Consider Union
June 12, 2025 // Markman said the hospital’s human resources department sent a flier to those eligible to vote seeking to undermine the unionizing campaign. The flier, “Collective Bargaining Union Promises vs. the Facts,” says that unions make promises they have no power to enforce. “Under a union contract, you could end of with the same, more or less than you have now,” it reads. Markman said the nurses union is evaluating whether the flier rises to the level of an unfair labor practice. In the meantime, the union countered with its own flier.
Foreign aid freeze results in mass layoffs that could ‘crash’ the industry
February 5, 2025 // The U.S. is the largest provider of humanitarian assistance globally, deploying billions of dollars through multiple agencies, including the U.S. Agency for International Development. The majority of USAID’s funds are awarded competitively through contracts, grants or cooperative agreements with international development groups and private federal contractors.
Postal chief brags of 100% union ‘comrades’ as bankruptcy nears
November 19, 2024 // The agency reported on Thursday a loss of $9.5 billion, $3 billion more than last year. Reuters reported that in a statement about its restructuring plan, USPS said, "If we do nothing more, we remain on the path to either a government bailout or the end of this great organization as we know it."
Commentary: 20 Years Later, Orange County is Still Dealing with ‘Legalized Corruption’
October 16, 2024 // Tom was not alone, of course. Too many of California’s 58 county boards of supervisors and 482 cities’ council members did – and still do – the same thing. And the liabilities are reflected when you review their annual comprehensive financial report rankings provided on the California Policy Center website. The lesson for voters is to elect individuals who have financial literacy, follow sound advice from accountants and actuaries, and emphasize timely transparency. Regretfully, too many are beholden to self-interested public employee union leaders who helped get them elected to their positions. And the annual comprehensive financial reports provide the accountability of the actions of prior elected officials. The impact of Wilson’s two votes will linger for decades.
Yellow Found Liable for $6.5 Billion in Pension Claims
September 20, 2024 // Earlier this month, Goldblatt ruled that Teamsters president Sean O'Brien could be deposed regarding the leadup to Yellow's bankruptcy, which could be a factor in whether the estate must pay up the class-action claims. According to Yellow, letters and conversations between O'Brien and former Yellow CEO Darren Hawkins show that the trucking company had a reasonable basis to believe it could prove that the company is not liable for the WARN Act claims. The Teamsters represented 22,000 of Yellow's roughly 30,000 employees when the company went under, with both parties blaming the other for the logistics firm's demise.
Huge shipping company shuts down and files Chapter 7 bankruptcy
July 10, 2024 // A review of the Texas Workforce Commission website shows that U.S. Logistics Solutions did not file a 60-day notice to employees that's required under the Worker Adjustments and Retraining Notification Act for companies with more than 100 employees. Failure to file the notice led a former employee on June 24 to file a class-action adversary proceeding complaint in the U.S. Bankruptcy Court against the debtor. The Charlotte, N.C.-based private equity firm in a statement said that all of the shipping company's employees had received their final paychecks, according to FreightWaves.
The astonishing number of fast food jobs lost – and restaurants shut – because of California’s new $20-an-hour minimum wage
June 11, 2024 // When the Democrat governor signed the law in 2023, Newsom said the state was getting 'one step closer to fairer wages, safer and healthier working conditions, and better training by giving hardworking fast food workers a stronger voice and seat at the table.' But Republican critics claimed the wage hike would simply mean workers are replaced with self-checkouts and 'robot cooks.' Harsh Ghai, a Burger King franchisee with 140 restaurants on the West Coast announced in April how he planned to have digital kiosks installed in all his locations in two months.
The Delivery Business Shows Why Unions Are Struggling to Expand
May 29, 2024 // But the union has also suffered losses. Yellow, a trucking company that employed 24,000 Teamsters, shut down and filed for bankruptcy protection last year. Amazon and FedEx said they were confident in their approach to managing and compensating workers. Amazon said it had made investments that bolstered pay and benefits at its delivery contractors. FedEx said its nonunion model allowed it to quickly increase pay whereas UPS’s union employees were bound by the terms of five-year contracts.
Key shipping company shutters operations; bankruptcy uncertain
April 23, 2024 // The U.S. logistics industry has been battling with financial distress this year with companies filing for Chapter 7 bankruptcy to liquidate, Chapter 11 reorganization, downsizing operations or just shutting down operations.