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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The Teamsters Independent Investigations Officer, Judge Timothy Hillman, has recommended that charges be filed against Albany Local 294 President Thomas Quackenbush for illegally converting union funds into thousands of dollars in gifts for its retiring principal officer.
Our contract campaign at UPS forced the company to install 18,000 new fans inside of buildings. Many of those fans are filthy and just spew dust and dirt around. We can make UPS address the problem by taking union action. Here’s how.
