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Today in Labor History

Sept. 22, 2005
OSHA reaches its largest ever settlement agreement, $21 million, with BP Products North America following an explosion at BP's Texas City, Texas, plant earlier in the year that killed 15 and injured 170.

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Updated: Sep. 24 (02:05)

9/22/17 - PBC Bargaining Update
Communications Workers of America Local 3181
Upcoming Teamsters National Freight ABF Contract Negotiations-Proposals
Teamsters Local 492
Teamster UPS Screening Committees & Two-Person Review Scheduled
Teamsters Local 492
Gov Christie 200 Million Dollar Drug Initiative
New Jersey Law Enforcement Commanding Officers Association
In Case You Missed It
Teamsters local 570
In Case You Missed It
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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