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 3. Industrial relations


30,000 OUT OF WORK AS SHIPPING FIRM YELLOW CEASES OPERATIONS



Company says union 'refused to negotiate company's long-planned and necessary
modernization effort'


BY Jim Wilson 01 Aug 2023
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Yellow, one of America’s biggest shipping companies, officially closed shop
after 100 years in business.

The company served the International Brotherhood of Teamsters (Teamsters) –
which represents about 22,000 Yellow workers – legal notice of the ceasing of
its operations on Monday. The company intends to file for bankruptcy.

“Today’s news is unfortunate but not surprising,” said Sean M. O’Brien,
Teamsters general president. “Yellow has historically proven that it could not
manage itself despite billions of dollars in worker concessions and hundreds of
millions in bailout funding from the federal government. This is a sad day for
workers and the American freight industry.”



Yellow received a $700-million pandemic relief loan from the federal government
in 2020, which loaded further debt on to a struggling service, according to a
report from The Guardian.

Yellow has not provided details of the development on its website or on social
media as of writing.

The move puts in peril the jobs of some 22,000 Teamsters members and about 8,000
non-unionized workers.

In April, Bed Bath & Beyond (BBB) initiated a Chapter 11 bankruptcy filing, as
it failed to gather the $300 million it needed in capital during its ongoing
sales and stock price slump. And McDonald’s requested that workers work remotely
over a three-day span as it prepared to lay off staff in the U.S. and in other
countries.


UNION ‘REFUSED TO NEGOTIATE’

Last week, Yellow said it was exploring opportunities to divest its third-party
logistics company, according to The Guardian’s report. The report also noted
that Yellow averted a Teamsters strike earlier this year.


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On July 19, however, Yellow announced that Teamsters publicly claimed that the
union may strike at the company over its failure to make its July contribution
to Central States pension and health and welfare funds.

The employer claimed that a strike “would be anything but lawful, as it would
violate the parties’ collective bargaining agreement”. In June, Yellow wrote to
the funds, requesting a short-term deferral of its obligation to pay
contributions for two months, July and August, with interest, the company said.

Yellow blamed Teamsters for putting the jobs of the 30,000 Yellow employees in
danger.

“For many months, Teamsters’ leadership has steadfastly refused to negotiate the
company’s long-planned and necessary modernization effort that would enable
Yellow, a 100-year-old company, to streamline and strengthen its operations to
compete against non-union carriers.”

Yellow is seeking to recover more than $1.5 billion in lost enterprise value,
allegedly caused by the Teamsters, and it intends to continue with its breach of
contract case against the union.








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