Site Map Icon
RSS Feed icon
 
 
 

Today in Labor History

June 18, 1941
Union and civil rights leader A. Philip Randolph and others meet with President Roosevelt about a proposed July 1 March on Washington to protest discrimination in war industries. A week later, Roosevelt orders that the industries desegregate.

- Union Communication Services

Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
  Member Resources  
     
UnionActive Newswire
 
Join the Newswire!
Updated: Jun. 18 (12:05)

Experts Say Auto Tariffs Would Raise Prices, Cost Jobs
Teamsters Local 355
Combined Insurance Company
NJLESA
The Next Shop Steward Training is Here!!!
IBEW Local 483
M2M Leadership Quarterly Meeting!
IBEW Local 483
Sea of Blue Cruise November 1st, 2018
IAFF Local 122
PASSINGS OF OUR BROTHERS & SISTERS
Teamsters Local 71
 
     
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
Copyright © 2018, All Rights Reserved.
Powered By UnionActive™

754389 hits since May 20, 2010
Visit Unions-America.com!

Top of Page image