Trucking company Yellow lays off 150 employees in New Hanover Co., over 20,000 nationwide
WILMINGTON, N.C. (WECT) - Public documents indicate that trucking firm Yellow Corporation laid off 1,000 employees in North Carolina on July 30, including 150 in New Hanover County.
Employees were also laid off in Mecklenburg, Edgecombe, Cumberland, Wake and Onslow counties, per the N.C. Department of Commerce WARN summary as of Aug. 3. Nationwide, the WARN ACT Notice says the company is expected to layoff about 22,000 employees.
The notice filed by Yellow Corp states that it and its affiliates YRC Inc., USF Holland LLC, New Penn Motor Express LLC, and USF Reddaway, Inc., shut down their regular operations permanently and terminated the employment of employees at all locations. The WARN Act requires notices to be filed with the state in the cases of certain mass layoffs, and for companies to provide notice of mass layoffs to workers ahead of time when able.
“The Company was not able to provide earlier notice of the Shut Down as it qualifies under the “unforeseeable business circumstances,” “faltering company,” and “liquidating fiduciary” expectations set forth in the WARN Act. The Company expects all layoffs and location closures relating to the Shut Down to be permanent. The Company had hoped to complete one or more transactions and secure funds and business to prevent the closing of these locations but was unable to do so. These circumstances were not reasonably foreseeable at the time notice would have otherwise been required and notice is further excused because the business is being liquidated,” the notice states.
The Teamsters Union and multiple media reports indicate that Yellow Corp. has shut down its operations and was headed for bankruptcy as of July 31.
You can read the full notice below:
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