Kansas City Star: Teamsters Strike a Deal to Save IBC

August 22, 2008: Just a day after the International Brotherhood of Teamsters said Interstate Bakeries Corp.’s bankruptcy reorganization was nearly toast, the union announced a deal to save it.

The union, which represents about 9,500 of the baking giant’s roughly 25,000 employees, said it worked overnight Tuesday to strike a deal with hedge fund Ripplewood Holdings and creditors to craft a plan the Teamsters say will “save IBC from liquidation and protect Teamster jobs,” according to its news release.

Click here to read more at The Kansas City Star.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Honoring Our Veterans

Thank you to veterans and their families for their service and their sacrifices. 

Hoffa Ratifies Another Weak Contract at UPS Freight

Another weak UPS Freight contract has been ratified after Hoffa threw away our union’s bargaining leverage and left members defenseless against company threats.

View More News Posts