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.

Get Advice Join TDU Donate

Recent News

Landslide Victory in Des Moines Local 90

Members in Des Moines Local 90 have voted for new leadership and a new direction. Teamsters for Action activists campaigned for change at worksites across Iowa. They built a rank-and-file movement and today they won election with 80 percent of the vote. 

Join the TDU Builder's Club!

TDU members helped win new leadership in the Teamsters—and we're not done yet! We're launching a campaign to build TDU to meet the challenges ahead.

View More News Posts