The Teamsters issued a strike notice Tuesday, as Yellow's failure to make a payment to health care and pension funds could lead to benefit suspensions.
The International Brotherhood of Teamsters issued a strike notice Tuesday, after the union said Yellow Corp.’s failure to make a “critical” payment to health care and pension funds could lead to benefit suspensions.
The... The International Brotherhood of Teamsters issued a strike notice Tuesday, after the union said Yellow Corp.’s failure to make a “critical” payment to health care and pension funds could lead to benefit suspensions. The union said two of Yellow’s operating companies, Holland and Yellow Freight, missed a $50 million payment due July 15 to the Central States Health and Welfare Fund and the Central States Pension Fund for June 23. As a result, the Central States Board of Trustees voted to suspend health-care benefits and cease pension accruals for Yellow workers, effective July 23, if the payment isn’t made.
“Two months’ of deferrals to Central States would represent approximately $50 million. Only the first of those two month payments has been deferred to date,” a company spokesperson said in an emailed response to MarketWatch. “The company intends to repay the funds with interest immediately upon securing additional financing and has asked the funds to discuss acceptable terms.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AOC Condemns UPS for Refusing to Pay Workers Fairly in Rally With TeamstersRep. Alexandria Ocasio-Cortez joined a rally in New York with Teamsters union members, condemning UPS for not paying fair wages as 340,000 workers prepare to strike.
Weiterlesen »
Teamsters leader asks Biden not to get involved in possible UPS strikeUPS workers may be inching closer to a strike. The head of the Teamsters Union, Sean O'Brien, stated in a call with members on Sunday that he has asked the White House not to intervene if UPS workers end up on strike, according to the Associated Press.
Weiterlesen »
Teamsters leader tells Biden to butt out of labor talks with UPS as strike loomsThe president of the Teamsters said Sunday that he asked the White House on several occasions not to engage in his ongoing negations with UPS as a strike looms near.
Weiterlesen »
UPS Teamsters to rally in LA as strike deadline nearsBoth sides left the bargaining table on July 5 with no further dates scheduled for labor negotiations. Their contract will expire July 31.
Weiterlesen »
Raytheon changes its name to RTX Corp.Aerospace and defense company Raytheon Technologies Corp. has changed its name to RTX Corp., according to a filing with the Securities and Exchange...
Weiterlesen »
AAR Corp. stock rallies after air-travel rebound lifts salesShares of AAR Corp. rose after hours on Tuesday after the aviation-service company reported fiscal fourth-quarter results that beat analysts’ expectations,...
Weiterlesen »