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Economy
Yellow lays off huge swath of workers as embattled 99 year-old trucking firm teeters on brink of bankruptcy
2023-07-30
[Daily Mail, where America gets its news] Good job killing the goose that laid the golden eggs, Teamsters.
  • Yellow made massive layoffs on Friday and is reportedly weighing bankruptcy

  • The trucking company narrowly averted Teamster strike earlier this week

  • Company faces cash crunch and could filed for bankruptcy as soon as Monday
Related:
Teamster: 2023-07-22 Yellow Corp trucker goes ballistic at bosses after firm STOPPED making contributions to workers' pension fund - as $1.2billion debt leaves it on brink of bankruptcy
Teamster: 2023-06-30 A major UPS strike is looming ‐ here's what that means for your packages
Teamster: 2023-06-05 Merit Doesn't Matter Anymore
Posted by:Skidmark

#8  Oh, how I loved being given instruction on how to behave in the paste up room at the newspaper. Hands in pockets. If I touched anything it could trigger a grievance from the pressmen's union.
Posted by: M. Murcek   2023-07-30 14:26  

#7  Why people don't have conferences with a normal slide show in Philadelphia because of union rules?

Come to McCormick Place in Chicago and try to plug in an extension cord or power strip to a a wall or floor outlet.
Posted by: Mullah Richard   2023-07-30 14:08  

#6  In a graduate school business class someone who was described as a senior exec at GM was quoted as saying: "GM is a pension and healthcare company that builds cars."
Posted by: NoMoreBS   2023-07-30 12:57  

#5  Wonder why Union has a hard time winning votes in southern factories, the ones that were built or moved out of Union states.
Posted by: Procopius2k   2023-07-30 12:07  

#4  Wonder why GM builds 70% of its cars in China?

Why businesses went to Mexico?

Why people don't have conferences with a normal slide show in Philadelphia because of union rules?

Why fast-food joints are going to automated kiosks versus paying $15/hour?

We do it to ourselves.
Posted by: DooDahMan   2023-07-30 10:59  

#3  Big Labor™ at its ugliest: "Hey, UPS, give us all we want or we will bankrupt you like Yellow!" ...Of course all the employees at the defunct company are just 'collateral damage'. IMO, Big Labor™ is just as rapacious and evil as Big Business™ except that the union management doesn't seem to care how many dues paying workers they deny a payroll to with their tactics ...the management has a business to run and products it has to sell.
Posted by: magpie   2023-07-30 10:31  

#2  Eventually the parasite grows so large that it overwhelms the host.
Posted by: ed in texas   2023-07-30 08:35  

#1  Flashback to Hostess and the union that put into closing and bankruptcy.
Posted by: Procopius2k   2023-07-30 08:33  

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