Yellow Teamsters say preparing for possible strike as early as July 24

The International Brotherhood of Teamsters reported that the Central States Board of Trustees voted Monday to suspend health care benefits and cease pension accruals for Yellow workers, after two Yellow operating companies, Holland and Yellow Freight, failed to fulfill their financial obligations. Yellow owed Central States $50M on July 15, a payment it missed and must still make by July 23 to avoid a work stoppage and interruption in benefits for Teamster families, the union stated. Teamsters are preparing for a possible strike as early as July 24. “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,” said Teamsters General President Sean O’Brien.