Major UPS rival announces at least 8,000 job losses as 100-year-old company threatens to declare bankruptcy ...Middle East

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ONE of the oldest trucking companies in the US is laying off thousands of employees as they head toward bankruptcy. Yellow, which has been in existence for almost a century, announced on Friday that it was laying off 8,000 of its non-union employees, in a memo obtained by Freight Waves. APYellow has laid off 8,000 of its employees due to the company’s immense debt[/caption] On Friday, the memo explained the situation to its former employees. “We regret to inform you that your employment with Yellow Corporation, or one of its subsidiaries, will permanently terminate on July 28, 2023, or within 14 days after. The Company is shutting down its regular operations on July 28, 2023, cl

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Last updated : 30 July 2023 clock 02:24 AM

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Major UPS rival announces at least 8,000 job losses as 100-year-old company threatens to declare bankruptcy ...Middle East

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