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August 2, 2023

Yellow Trucking Co. to Shut Down, Costing 30,000 People Their Jobs
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In other labor news, the trucking company Yellow is shutting down and
will reportedly file for bankruptcy. Thirty thousand people could lose
their jobs. The president of the Teamsters, which represents over
two-thirds of Yellow workers, said, "Yellow has historically proven that
it could not manage itself despite billions of dollars in worker
concessions and hundreds of millions in bailout funding from the federal
government." Yellow received $700 million from the government in a
pandemic-era bailout, despite the company facing a lawsuit from the
Justice Department for allegedly defrauding the federal government.


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