Teamsters Threaten Strike as Yellow Corp. Skips $50 Million in Benefits Contributions

The Central States Board of Trustees has voted to suspend health care benefits and pension accruals for Yellow workers after the company failed to make a $50 million payment to the Central States Health and Welfare Fund and the Central States Pension Fund. Teamsters are preparing for a possible strike starting on July 24 if the payment is not made by July 23. The Teamsters criticize Yellow for its mismanagement and neglect of its responsibilities, stating that the company has only itself to blame for the situation.