Teamsters Says Calling On Congress, White House And The Federal Government To Pass And Enact New Legislation That Prioritizes Workers Throughout Corporate Bankruptcy Process; To Reform Corporate Bankruptcy Laws Following Yellow Corp Filing For Chapter 11
Portfolio Pulse from Happy Mohamed
The Teamsters Union is urging Congress, the White House, and the Federal Government to pass new legislation that prioritizes workers in the corporate bankruptcy process. This call comes in the wake of Yellow Corp's filing for Chapter 11 bankruptcy.
August 08, 2023 | 4:39 pm
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Yellow Corp's recent Chapter 11 filing has prompted the Teamsters Union to call for new legislation prioritizing workers in corporate bankruptcy. This could potentially affect the company's restructuring process.
Yellow Corp's bankruptcy filing is the direct cause of the Teamsters Union's call for new legislation. If such legislation is passed, it could potentially complicate the company's restructuring process, possibly leading to a negative impact on the company's stock.
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