Message to Carhaul Teamsters About Allied Bankruptcy Petitions
The following is a statement from the Teamsters National Automobile Transporters Industry Negotiating Committee (TNATINC) about the involuntary bankruptcy case involving Allied Systems Holdings Inc.:
The attempt to force Allied into involuntary bankruptcy was filed by two New York hedge funds. The Teamsters Union is monitoring the litigation, but is not directly involved. Allied did not file this action and will need to defend itself. This is a dispute between the companies.
The Teamsters Union message to our Allied members is to keep working as usual while this dispute is resolved in federal and state courts.
In a memo released today, Allied President and CEO Mark J. Gendregske wrote, “… there is no impact on your wages, salaries and benefits or any other aspect of our operations as a result of this legal action. For all of our employees, it remains business as usual.”
The Teamsters will continue to fight for our Carhaul members’ interests and will keep Allied members updated at www.teamster.org/content/carhaul.