Yellow Freight to Lay Off 160 Workers
Yellow Freight System
said Monday that it has laid off 160 salaried employees due to current economic conditions.
The company, a unit of
Yellow Corp.
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(YELL)
, handles the regional and international transportation of industrial, commercial and retail goods and materials. The company said the employees who were cut could be recalled within 90 days if economic conditions improve.
Yellow Freight said 60 employees will be cut from the company's headquarters in Overland Park, Kan., while 100 additional workers across the country will be laid off.
The company also said about 1,000 unionized employees remain on furlough. Yellow Freight System has 25,000 workers, including about 18,000 unionized employees.
