Trucking giant Yellow Corp. has announced they have filed a massive lawsuit against the International Brotherhood of Teamsters, citing $137 million in damages.
According to the lawsuit, Yellow alleges the defendants breached their union contract by blocking Yellow's restructuring plans to modernize its business operations necessary to compete "against non-union carriers."
“We do not take this action lightly, but the Union’s leadership has left us with no choice,” said Yellow Corporation management. “For many months, we have made good faith efforts to meet with the IBT to propose a path forward that works for all parties, but they refuse even to meet, let alone engage in honest talks."
According to the press release issued Tuesday, Yellow has been reaching out to stakeholders in Washington DC, as well as the Biden Administration directly to caution the impacts to the national supply chain if a deal is not reached. According to Yellow, if they are not able to reach a deal by mid-July, they may be forced to shut down, leaving 30,000 employees without a job.
Darren Hawkins, the CEO of Yellow posted a video message Tuesday morning via Twitter in an effort to speak directly to the Yellow employees.
"We are fighting for the livelihood of our 30,000 employees. We will do all we can to save these American jobs."
Read the complaint HERE