Joe Raedle/Getty Photos Information Trucker Yellow Corp. (NASDAQ:YELL) has despatched out notices to prospects and workers saying it has ceased all operations, and the Teamsters union stated the corporate notified the union it intends to file for chapter, The Wall Avenue Journal reported Sunday. A failure would imperil almost 30K jobs, together with ~22K Teamsters …
Joe Raedle/Getty Photos Information
Trucker Yellow Corp. (NASDAQ:YELL) has despatched out notices to prospects and workers saying it has ceased all operations, and the Teamsters union stated the corporate notified the union it intends to file for chapter, The Wall Avenue Journal reported Sunday.
A failure would imperil almost 30K jobs, together with ~22K Teamsters members, after a whole bunch of Yellow’s (YELL) non-union workers had been laid off Friday as the corporate stopped taking in new shipments from prospects.
Prospects say disruptions needs to be restricted, in response to the report, after many shifted their cargoes to rivals in latest weeks, hastening Yellow’s (YELL) demise.
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