Why Teamsters Allowed 22,000 Union Jobs To Vanish
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Major Wall Street firms have jockeyed for pole positions to strip Yellow of its assets in a bankruptcy liquidation worth upwards of $2 billion.
Yellow’s $2 billion in assets will be a financial bonanza for Wall Street as 30,000 people are put out of work.
Yellow Corp. officially called it quits, announcing the filing of Chapter 11 bankruptcy, and blamed its demise on the union representing most of their employees
Yellow’s bankruptcy puts 30,000 workers out of their jobs and sets the stage for a looting of the company by Wall Street.