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

TDU Stands With Teachers Striking in LA

Teachers in Los Angeles are striking for good jobs and better schools, and TDU members stand with them, rain or shine.

Teamster Resolutions for 2019

2018 saw a growing rank-and-file rebellion in labor—in the Teamsters, that rebellion is led by TDU.

View More News Posts