March 3, 2008: The International Brotherhood of Teamsters said Thursday that it’s working on bringing a new investor to Interstate Bakeries Corp. that would inject an undisclosed sum into the bankrupt company.
Teamsters spokesman Rich Volpe said the union has reached an agreement with New York-based hedge fund Ripplewood Holdings, including on the collective bargaining agreements for the 10,000 employees of IBC represented by the union.
Read more at kansascity.com.
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