Posts tagged loan

    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.

    ‘This is a problem’: Biden faces looming strikes that could rock economy

    July 25, 2023 // Privately, some Democrats said the White House was caught off-guard by Fain’s ascension to the top of UAW. They described Biden’s team as currently being in an information-gathering mode about the union’s new leadership — a stark contrast from the close relationship it had enjoyed with former UAW president Ray Curry. Other Democrats said the White House was clearly aware of Fain’s criticism of how the Biden administration had doled out federal funds. But privately, some people in Biden’s orbit have continued to express worries that there’s distance between his agenda and a major union representing voters in a state key to his reelection. Biden’s senior staff has told allies “that the rhetoric from the new UAW leadership is concerning, this is a problem, and we’ve got to figure this out together,” according to a person familiar with the administration’s thinking.