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Transcripts for BBCNEWS World Business Report 20240604 13:35:00

nearly 30,000 jobs. it raises questions about the trump administration s decision to lend the company $700 million in 2020. the us treasury holds about 30% of its shares. michelle fleury is following the story from our new york bureau, and joins me live now. what has gone on her? look, this is a company that has struggled with its debt load for a while now. although it has been profitable, the amount of debt far outweighs the size of revenue. and so clearly, it has become unsustainable judging size of revenue. and so clearly, it has become unsustainablejudging by reports. 0ver has become unsustainablejudging by reports. over the weekend, the union, because this is a union company, released a statement basically saying that they had been notified that yellow operations had ceased. let me read you the statement from the head of the union. today s two is unfortunate but not surprising. that is what the general president of the union said.

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