Workers feel blindsided after 99-year old trucking company Yellow shuts down

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BREAKING STORY. >>> THIS IS YOUR NEWS AT 5:00. WE CONTINUE TO STREAM LIFE ON CBS NEWS PHILADELPHIA. GOOD EVENING, EVERYONE, I'M UKEE WASHINGTON. >> Jessica: I'M JESSICA KARTALIJA. ALL NEW AT 5:00, NEARLY CENTURY OLD TRUCKING COMPANY IS REPORTEDLY CLOSING UP SHOP AND LAYING OFF ABOUT 30,000 WORKERS NATIONWIDE. >> Ukee: THE SUDDEN SHUT DOWN IS HAVING AN IMPACT ON WORKERS IN OUR AREA AS WELCH CBS PHILADELPHIA'S DAN SNYDER REPORTS FROM BUCKS COUNTY. >> Reporter: WORKERS ARRIVED HERE AT THE YELLOW CORE FACILITY IN BENSALEM THIS MORNING TO FIND THIS, A PADLOCKED GATE AND A SIGN SAYING THE OPERATIONS HAD CEASED. AND WORKERS TELL US, THIS IS THE CULMINATION OF A LONG FIGHT WITH THE COMPANY. >> REAL SAD. >> IT HURTS. >> IT HURTS. >> YUP. >> I GOT A FAMILY TO WORRY ABOUT. >> THE COMPANY JUST STABBED US IN THE BACK. >> Reporter: WORKERS LEFT WITH QUESTIONS AFTER YELLOW CORP. CLOSES ITS DOORS ACROSS THE NATION LEAVING THOUSANDS WITHOUT A JOB. JOHN FIGUEROA WHO IS HAS WORKED FOR YELLOW FOR 28 YEARS SAYS HE WAS GIVEN NO NOTICE. >> THE PARKING LOT COUPLE GUYS PULLED UP ASKED ME AND I TOLD THEM I DON'T KNOW WHAT'S GOING ON. >> Reporter: ACCORDING TO A RELEASE FROM THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS IT WAS SERVED A LEGAL NOTICE SAYING THE COMPANY WILL FILE FOR BANKRUPTCY. YELLOW HAS FACED FINANCIAL ISSUES DESPITE A $6,700,000,000 LOAN FROM THE FEDERAL GOVERNMENT IN 2020. REPORTS SHOW THE COMPANY WAS IN A LENGTHY FIGHT WITH THE TEAMSTERS OVER FAILED PAYMENTS TO PENSION AND HEALTH INSURANCE PLANS. JUST LAST WEEK, THE UNION CANCELED A THREATENED STRIKE AND GAVE THE COMPANY A MONTH TO MAKE THE PAYMENTS. >> BASICALLY, THIS -- WE'VE BEEN DOING EVERYTHING THAT WE CAN FOR THIS COMPANY FOR THE LAST 18 YEARS. IT'S JUST THEY COULDN'T JUST PULL THEIR HEAD OUT OF BLEEP TO GET ANYTHING GOING. >> Reporter: UNION OFFICIALS SAY THEY HAVE ABOUT 100 UNION WORKERS AT THE BENSALEM FACILITY. ALL NOW WAITING TO FIND OUT WHAT'S NEXT FOR THEM. FIGUEROA SAYS HE KNOWS WHAT HE WANTS TO SEE. >> I'D LIKE TO SEE THE DOORS REOPEN. A LOT OF FAMILY HERE. >> Reporter: WE DID REACH OUT TO YELLOW CORP. FOR A STATEMENT ON THE CLOSING AND WHAT'S THEY CAN FOR THE COMPANY. SO FAR WE HAVE NOT HEARD
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Channel: CBS Philadelphia
Views: 17,809
Rating: undefined out of 5
Keywords: Eyewitness News Evening, Local news, Yellow Corp., Layoffs
Id: J6VVxLEDl3Y
Channel Id: undefined
Length: 2min 11sec (131 seconds)
Published: Mon Jul 31 2023
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