Bankrupt trucker Celadon told laid off employees that they’ve lost health insurance and won’t receive unused vacation time pay — read the full letter here

The trucking giant Celadon declared bankruptcy on December 8, according to federal filings. That leaves about 3,800 employees suddenly jobless weeks before Christmas. Of those, 1,300 have mostly administrative nondriving tasks. The majority of them work in Celadon’s Indianapolis headquarters.An internal document shared with Business Insider revealed that Celadon immediately ended health insurance for those approximately…

Bankrupt trucker Celadon told laid off employees that they’ve lost health insurance and won’t receive unused vacation time pay — read the full letter here

The trucking giant Celadon declared bankruptcy on December 8, according to federal filings. That leaves about 3,800 employees suddenly jobless weeks before Christmas. Of those, 1,300 have mostly administrative nondriving tasks. The majority of them work in Celadon’s Indianapolis headquarters.An internal document shared with Business Insider revealed that Celadon immediately ended health insurance for those approximately 1,300 employees.Sign up for Business Insider’s transportation newsletter, Shifting Gears, to get more stories like this in your inbox.Visit Business Insider’s homepage for more stories.This week has brought the largest bankruptcy in truckload history — Celadon Group Inc., which was based in Indianapolis. The company filed for bankruptcy on December 8 and announced it would close its doors. “We have diligently explored all possible options to restructure Celadon and keep business operations ongoing, however, a number of legacy and market headwinds made this impossible to achieve,” Paul Svindland, the CEO of Celadon, said in a statement.Rumors of a bankruptcy started on Friday night, when the trucking-industry publication FreightWaves published that the company was slated to file for Chapter 11 protection. Sources told Business Insider Celadon truckers’ fuel cards were shut off and that they feared being
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