Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
International Brotherhood of Teamsters
Teamsters Broker Deal to Save Interstate Bakeries
September 7th, 2008
Representatives from the Teamsters Union worked through the night to successfully negotiate a deal between investor Ripplewood Holdings and creditors to save Interstate Bakeries Corporation (IBC) from liquidation and protect Teamster jobs. "This deal is important in IBC's recovery from bankruptcy as we work to protect our members' jobs," said Teamsters General President Jim Hoffa. "The Teamsters Union worked very hard to secure a workable plan to create a healthier company and secure good jobs for our members - the true heart and soul of IBC." "After what looked like a drop off in negotiations, I'm pleased to announce that we were able to broker a...
Source: Pharma Investments, Ventures & Law Weekly (2008-09-07)
|
