It’s a sad moment, a Yellow Freight truck driver is told that his pension that he has been building for 30 years will not be supplemented by the company.
Footage shared on TikTok shows the unidentified worker screaming angrily upon learning that his health care benefits and pension payments have been stopped.
The worker, believed to be operating in Florida, can be heard saying: “It’s the ladies over there, I work hard for this company. It’s my money you guys play with. To hell with this.’
The Middle States Board of Trustees at Yellow Freight announced that it will suspend health benefits and retirement accruals for workers on Monday.
Since then, the Teamsters truckers union has announced that it is preparing workers to go on strike next Monday.
An annoyed worker was filmed screaming in a Yellow warehouse after learning his retirement was in jeopardy due to the company’s financial difficulties
The worker video clearly takes place in a depot surrounded by fellow workers.
She kept screaming and pacing back and forth: ‘Nobody told me why I was getting emotional.
‘I’ve been here thirty years. No one told me to calm down. Analyze that bullshit.’
Teamsters General President Sean M. O’Brien said in a statement: ‘Yellow has failed its workers once again and continues to shirk its responsibility.
Yellow CEO Darren Hawkins is shown. His company is facing potential bankruptcy
‘This corporate mismanagement is yet another insult to the livelihoods and well-being of the 22,000 Teamsters across the country.
“After years of wages, federal loans, and other bailouts, this loser company has only itself to blame for being in this embarrassing position.”
Teamsters Secretary-General-Treasurer Fred Zuckerman said: ‘Yellow has a responsibility and an obligation to workers.
‘Our members must not suffer from incompetent and financially irresponsible management.’
He continued: ‘This is a new low, even for a company as dysfunctional as Yellow. Teamsters is working with our local union, and we will continue to update members regularly as this situation comes to light.’
Yellow Freight currently owes $1.6 billion, $1.2 billion of which is due this summer, including $700 million, to the federal government.
A company spokesperson told The Hill: “The company intends to repay funds with interest immediately upon securing additional financing and has asked the funds to discuss acceptable terms.”
Source: | This article originally belonged to Dailymail.co.uk
