June 27, 2008: Interstate Bakeries Corp. must file a new reorganization plan by Monday and get support from its unions or provide a liquidation strategy to its lenders.
The stipulations are laid out in the bankrupt company's most recent financing package provided by a group of lenders. Kansas City-based IBC filed for protection from creditors in September 2004 amid rising costs and declining sales.
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UPS CEO Carole Tomé’s Better, Not Bigger strategy is about cutting volume and Teamster jobs. South Carolina Local 509 has fought back and won new driver positions. Shop Stewards John Gacsey and Russell Sires share how the fight played out in their building in Palmetto.
President Shawn Fain led members of the United Autoworkers (UAW) to victory in the Stand Up strike against the Big Three automakers. Now, he’s facing trumped up allegations from a federal monitor who’s trying to tip the balance in the upcoming UAW election for International Union officers. Here’s what you need to know.
