Re: Another union ruined trucking company goes tits up

[Secret Papers]

Molly Bolt <mollyth...@gmail.com> wrote in
news:58a03f0d-77cb-49c6...@googlegroups.com:

>

NEW YORK CITY, NEW YORK: US trucking firm Yellow has fired several
employees as the company reels under financial crisis and is reportedly
filing for bankruptcy, Daily Mail reports. The popular trucking company
which received a $700 million pandemic loan from the federal government
informed its employees on Friday, July 28, that it is "shutting down
regular operations" and laying off non-union employees" at all of its
locations."

Almost 8,000 members of the company's sales force, business operations and
technology departments can be immediately impacted due to the company's
layoff. Besides, another 22,000 unionized drivers and freight handlers can
be without jobs if the company fails to operate.

Who owns Yellow transport company?
The owner of Yellow transport company is Yellow Roadway Corporation which
changed its name to YRC Worldwide in 2006. The company also has made its
presence known in the international market, particularly China as it
extended beyond its existing Canadian operations through Reimer. Yellow
Roadway purchased half of Chinese freight-forwarding company JHJ
International Transportation Co. Ltd in September 2005 and bought a 65
percent share of Chinese Shanghai Jiayu Logistics Co in August 2008.

https://www.msn.com/en-us/money/companies/who-owns-yellow-transport-
company-trucking-firm-fires-employees-and-shuts-down-operations-after-
700m-pandemic-loan-bailout/ar-
AA1ewPnm?ocid=hpmsn&cvid=059fa8ac22744c47b4b76b22279ac03a&ei=19