#yellowfreight #breakingnews Article Source: Daily Mail | Yellow Corp trucker goes ballistic at bosses after firm STOPPED making contributions to workers' pension fund - as $1.2billion debt leaves it on brink of bankruptcy https://www.dailymail.co.uk/news/article-12325203/Veteran-Yellow-Freight-worker-roars-anguish-discovering-pension-peril.html Music @SouthStreet24Media Full Article: This is the distressing moment a Yellow Corp 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 TikTok 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 motherf******s 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 would be suspending health benefits and pension accruals for workers as the company struggles to refinance $1.2 billion debts. 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 payment for employee benefits. Pension accruals and employee healthcare is also set to be suspended on July 23. In the footage the employee shouts and paces back and forth, yelling: 'Nobody tell me about why am I getting emotional.' He continues: 'I've been here thirty years. Nobody tell me to calm down. Analyze that s****.' 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 givebacks, 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 this 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 $1.6billion in the red, filed a $137 million 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.

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