Posts tagged Steel Belt
How the Teamsters Cost 30,000 People Their Jobs
July 10, 2025 // "That's true," says Palagashvili. "[Yellow Corp] was having a lot of financial issues. But if you're on the verge of collapse, the last thing you need is a Teamsters Labor Union contract that says you have to increase labor costs. Yellow is basically covered in gasoline, and Sean O'Brien comes and lights the match." Meanwhile, union leadership help themselves. The Teamsters now brag that it has $1 billion in assets. Sean O'Brien pays himself more than $430,000 per year. The same year Yellow went bankrupt, United Auto Workers went on strike against Stellantis, the company that owns Chrysler. Stellantis gave in, giving the UAW a pay raise and promising to open a new plant. But then Stellantis started laying off workers: 1,340 during the strike and 2,450 more the next year.