Transportation
Teamsters Deny Yellow’s Claim That Union Caused Trucking Firm’s Bankruptcy
- Labor leader says trucking firm ‘blew through’ bailout funds
- Yellow CEO has accused the union of ‘destructive tactics’
Yellow Corp. trucks at a facility in Hayward, California, on Aug. 2.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The International Brotherhood of Teamsters balked at Yellow Corp.’s efforts to blame the union for financial woes that sent the short-haul trucker spiraling into bankruptcy.
Teamsters President Sean O’Brien said Monday that the union “sacrificed billions” to keep Yellow afloat even as the firm “blew through a $700 million government bailout.” The company for years used its financial troubles to extract concessions from workers, he said.