Heartbreaking video shows a driver releasing his frustration after learning that his pension is at risk amidst trucking company Yellow Corp.’s financial woes.
On July 15, Yellow withheld pension and healthcare payments totaling $50 million and now will be booted out of the Central States Pension Fund on July 23, according to The Hill. Teamsters are threatening to strike July 24 in response. Yellow says that they plan to pay the pension fund as soon as they can secure financing.
The video below was shared by TikTok user Fracky on June 20 (strong language warning).
The video is captioned:
“This is what happens when you tell a driver that has been working for yellow freight for over 30 years that they are no longer going to have a pension.“
@doneright40 This is what happens when you tell a driver that has been working for yellow freight for over 30 years that they are no longer going to have a pension.#yellowfreight #teamstars ♬ original sound – Francky
In a followup video, the driver from the first video and others talk more about the current situation with Yellow.
Pay up yellow we need our jobs to feed our family. Yellow just received over $700 million dollars, what happened to that money?