Teamsters Sacrifices 30,000 Workers: 3 Ways Union Contributed to Yellow Trucking’s Demise
8/6/23
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from Daily Signal,
8/1/23:
After 99 years in business, trucking giant Yellow Corp. shut down its operations on Sunday, and its 30,000 employees will lose their jobs.
The company’s closure follows on the heels of negotiations with the Teamsters union, which represents 22,000 members of Yellow’s workforce.
While there are undoubtedly many factors that contributed to Yellow’s closure, its forced dealings with Teamsters were central among them.
Unions are best known for negotiating higher compensation and giving workers representation with management. But unions actually have a say in—and often contractual control over—all things worker-related, meaning they can effectively usurp a company’s management.
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