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Today in Labor History

Feb. 22, 1892
epresentatives of the Knights of Labor and the United Mine Workers meet in St. Louis with 20 other organizations to plan the founding convention of the People’s Party. Objectives: end political corruption, spread the wealth, and combat the oppression of the rights of workers and farmers .

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Updated: Feb. 22 (14:05)

1.5M Retirees Await Congressional Fix for a Pension Time Bomb
Teamsters Local 355
1.5M Retirees Await Congressional Fix for a Pension Time Bomb
Teamsters Local 355
2019 Budget Attacks Postal Workers
Charlotte Area Local APWU
National Director Letter Regarding Vote of No Confidence in SWA VP of Maintenance Operations
AMFA
Attack on Public Sector Unions Funded by Wealthy Donors
Teamsters local 570
Attack on Public Sector Unions Funded by Wealthy Donors
Teamsters Local 355
 
     
Hostess Files for Bankruptcy
Updated On: Feb 13, 2012

Company Will Continue to Operate


JAN. 12, 2012 |  A Local 570 employer, Hostess Brands, Inc., announced yesterday it had filed for bankruptcy protection to confront the enormous debt and labor obligations that it claims restricts its ability to compete. It plans to continue operating while it restructures the company. Hostess employs more than 7,500 Teamster-represented delivery drivers and merchandizers; 29 are Local 570 members. The Teamsters National Bargaining Committee has been working with Hostess management for months to identify mutual solutions that would address the company's problems. "Our members have already given at the well, and this time it will take sacrifices among all parties - management, lenders, equity holders and employees – to restructure Hostess into a viable enterprise that is well-positioned for growth," said Denis Raymond, Director of the Teamsters Bakery and Laundry Conference, in an IBT press release. "We were hoping that could have been done prior to a bankruptcy filing, but unfortunately that did not occur. We remain committed to finding a solution, if possible, over the next few months during the bankruptcy process." You can find additional IBT information and news stories here, download a Hostess Member Update here, and take a look at what a retired Hostess Teamster had to say about this latest company development. Update: Teamsters set the record straight on Hostess (1/16)


 
 
Teamsters local 570
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