foreign [Music] Setters okay y'all so I got a story for y'all and I do have video at the end of the one of the workers going off and in my opinion rightfully so so let's get started let's get into this story all right so first the title of the article says yellow core trucker goes ballistic at bosses after firm stopped making contributions to Workers pension fund as 1.2 billion dollars in debt leaves it on brink of bankruptcy this is the distressing moment a yellow core trucker is told the pension he has built up over 30 years won't be topped up by the company as it nears bankruptcy footage shared on Tick Tock shows the worker angrily shouting after learning his health care benefits and pension payments had ceased the worker who is believed to be operating in Florida says it's the MFS up there I worked my a for this company this is my money y'all are playing with F this s the Central States Board of Trustees at yellow said they will be suspending health benefits and pension accruals for workers as the company struggles to refinance 1.2 billion dollars in debt the Teamsters Union representing 22 000 truck drivers are preparing to strike as early as Monday the video believed to be from earlier this week shows Furious workers in a Depot after hearing that the company has failed to make a 50 million dollar payment for employee benefits pensional Crews and employee health care is also set to be suspended on July 23rd in the footage the employee shouts and paces back and forth yelling nobody tell me about why I why am I getting emotional he continues I've been here 30 years nobody's telling me to calm down Analyze That is Teamsters General president Sean M O'Brien said in a statement yellow has failed its workers once again and continues to neglect its responsibilities this corporation's gross mismanagement is another affront to the livelihoods and well-being of 22 000 Teamsters Nationwide following years of worker give backs Federal loans and other bailouts this deadbeat company has only itself to blame for being in this embarrassing position Teamsters general secretary treasurer Fred Zuckerman said yellow has a responsibility and obligation to workers our members should not suffer because of Management's incompetence and financial irresponsibility he continued this is a new low even for a company as dysfunctional as yellow the teamsters are working with our local unions and we will continue to regularly update members as the situation unfolds yellow the third largest carrier in the country has seen its stock plunge more than 90 percent since the beginning of 2022 has hit out at the union for impeding a scheme to combine its Trucking divisions the company currently 1.6 billion dollars in the red filed a 137 million dollar lawsuit against the union last month for unjustifiably blocking the plan the corporation has also applied for a temporary restraining order to prevent workers from striking 1.2 billion dollars of the company's debts are due for repayment this summer including 700 million dollars owed to the federal government a spokesman told dailymail.com the company intends to repay the funds with interest immediately upon securing additional financing and has asked the funds to discuss acceptable terms I'm stepping out the article for a second so they're basically trying to get new financing to pay off old financing that sounds like bad business okay back to the article yellow has flirted with bankruptcy on four other occasions before being bailed out by lenders the Teamsters Union the federal government or a collection of all three the ongoing saga has meant that some employees don't believe the company's plans are credible it's like crying wolf at this point Brian actually a mechanic for the company told Freight waves yellow has told workers that a strike now may tip the company into a chapter 7 liquidation bankruptcy proceeding other workers such as Paul duquette are more resigned to things ending badly I don't see things happening in a good light right now duquette said it's sad I won't even complain about the pay but the health insurance I can't work here without that duquette added the driver who previously worked for a company that closed warned that if there is a strike the company is likely done if people pull their Freight we're going to be in big trouble indeed shipping customers are rushing to rival operators to avoid any disruption in their own business business The Wall Street Journal reported among the freight brokers diverting their business is Uber's Freight division we are really hoping they can resolve this and if they do we will bring freight back said Leo Ron CEO of Uber's Freight unit until that point we need to do what's in the best interest we think of our shippers and protect against any future disruptions he explained right here ing films nobody tell me to calm my ass down everybody right you're right that so so this is what I'm saying how the feels that man so this is what I'm saying anytime anytime the government and Alaska anytime the government bails out a corporation as I was editing this story I saw that the same workers came back on the same I think the same Tick Tock account but they're saying that they still have their job they're no longer going out of business and even the one that was going off in the First videos in this video so I think it's worth watching just so y'all know what's currently going on at the time of me editing this video was posted for hours previous to me editing today so please watch this video so y'all can get a full picture and let me know what y'all think in the comments talk to you later bye good morning family good morning family as you guys can see that um yellow didn't shut down be back in business we never left we never never left we never left so now you know we need the customers to come back to support us man you know we fought we fought very hard for you guys Amen to stay in business you know know we just want you guys to come back to support yellow we're trying to rebuild the brand amen yellow can better serve us better um take care of us as drivers so we can better serve you guys that's it you know what we deserve we work hard to come along and take away some people from the lobbyist with your hands and your Your Health and Welfare on the panels everything we deserve better this is a third largest trucking company in the United States the third largest there's no reason they put them to keep doing what they're doing every four to five years we get a contract we get a contract that man say your name a lot of people don't know when you saw me get a raise another day you'll explode and get upset that was coming from the heart that was from the heart man you know and you put so much into this job we work hard here man amen I spend more time here than I spend up my own home and stuff and then to help this company take away my health care my pension I'm to pay me and and and and we see other companies and we the third largest trucking company in the United States of America oh my business coming since the 80s I'm old man remember God is not a failure God is not a failure remember I always keep praying keep praying God is not a failure hallelujah amen that's it that's it you heard it here first we in business we never left you know thank you Hey listen man we just want to thank you guys y'all did so much for us y'all protect our job you know for you guys right now we will not be here right now today and I think the world for coming to our rescue and helping us keep this job thank you thank you thank you amen and we are forever grateful to you guys who did what you did the make awareness of what this company is going through so we thank you you know telling people to hit the follow button so we can keep them updated I don't feel you never yeah hit the following you Hallelujah keep you guys update with every change all we know right now the union and yellow are they coming together we rebuilding the company so we can better serve the customer we asking you guys to shoot we begging you guys to come back because we need you guys without you guys we're not a company just come back we down here in Florida we can promise our Florida customer we're going to take care of them we're going to do better job than we did before you know now we got those um management exposed so they can take care of us so we can better take care of you guys better equipment better yellow new yellow for everybody you know so come back you know I'm here with my brother we back at work Monday mornings empty coping you know local 740. local 74. I know a lot of people don't know who I am I'm Frankie that's my name Frankie material I'm 369. you know I'm Gonna Keep the girl party local 769. that is not a failure Hallelujah everybody have a blessed day let me tell y'all something last week we we gonna smile it was a sad week today man we could smile thanks to you guys you know amen we allowed to you know we happy today you know we still have a job but the only thing right now we need the customers to come back just come back to us we never left it was just a little hiccup come back to us you know let's grow this company together we'll take care of you guys you know all right thank you so much everybody have a blessed day [Music]