Posts tagged insolvent

    Teamsters Sacrifices 30,000 Workers: 3 Ways Union Contributed to Yellow Trucking’s Demise

    August 2, 2023 // A key reason Yellow was said to be closing its doors is that the union was refusing Yellow’s restructuring and modernization efforts. Part of that restructuring would have included efficiency savings by enabling an additional 600 utility truck drivers to also sometimes perform dock work, but the union controls what tasks workers are allowed to perform, and Teamsters President Sean O’Brien asserted that this restructuring “would have decimated thousands of Teamsters jobs.” Instead, the union’s refusal to allow company management to do what it felt necessary to save the business contributed to the decimation of 22,000 Teamsters jobs.