Yellow Files For Bankruptcy, Blames Union For "30,000 American Jobs lost"
(www.zerohedge.com)
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This is steel workers redux. What will happen is Yellow will be bought by a holding company, who will 'restructure' the company. They will either sell parts of it off or will flip it for profit. New employers will be hired and old employees will be put out to pasture. No union will remain.
I sure hope it doesn't happen.