Stella D’oro Factory to Close in Bronx, N.Y. due to Union $$$ demands.

[Soul Crusher]

July 6, 2009, 5:03 pm
Stella D’oro Factory to Close in October
By Jennifer 8. Lee

Hiroko Masuike for The New York Times
 
The Stella D’oro biscuit factory in the Bronx will close in October, its owners announced on Monday.
Last week, a federal judge ordered Stella D’oro to reinstate 134 workers after a protracted 10-month strike. This week, the company invited the workers back. It also announced that it would close the factory in October.

The decision to close Stella D’oro’s only factory, which is based in the Kingsbridge section of the Bronx, was made by Brynwood Partners, the private equity company based in Greenwich, Conn., which bought the company in 2006.

“The decision to close the Bronx bakery operations has not been made in haste or without significant planning,” a statement from the management said. Operations will be moved elsewhere and the products would continue, the statement said.

The workers had gone on strike on strike last Aug. 14, two weeks after their contract had expired. The owners maintained that the hourly wages of $18 to $22 an hour and nine weeks of paid leave made the factory unprofitable. It demanded significant reductions in wages and benefits in order to move the factory to profitability.

Last week, an administrative law judge with the National Labor Relations Board in Washington found that the company had improperly refused to bargain with the union by declining to provide the union with a copy of its 2007 audited financial statement.

The union representing the workers — Local 50 of the Bakery, Confectionery, Tobacco Workers and Grain Millers — was alerted by a letter from Daniel J. Myers, Stella D’oro’s chief operating officer under the federal Worker Adjustment and Retraining Notification Act, also know as the WARN Act, which requires that mass layoffs have at least 60 days notice.

Under the legislation, the workers might be eligible to receive unemployment insurance benefits, job retraining, and re-employment services.

Stella D’oro was founded in New York in 1932 by an Italian immigrant, Angela Kresevich, and her husband, Joseph, and became known for its brand of lightly sweetened Italian baked goods. The company was sold in 1992 to Nabisco and then to Kraft, before it was bought by Brynwood Partners. At the point the family sold the company, it employed 575 people with 1991 sales of $65 million.

________________________ ________________________ __________________

Once again, Unions are the emeny of the employee, not the friend. 

[Deicide]

July 6, 2009, 5:03 pm
Stella D’oro Factory to Close in October
By Jennifer 8. Lee

Hiroko Masuike for The New York Times
 
The Stella D’oro biscuit factory in the Bronx will close in October, its owners announced on Monday.
Last week, a federal judge ordered Stella D’oro to reinstate 134 workers after a protracted 10-month strike. This week, the company invited the workers back. It also announced that it would close the factory in October.

The decision to close Stella D’oro’s only factory, which is based in the Kingsbridge section of the Bronx, was made by Brynwood Partners, the private equity company based in Greenwich, Conn., which bought the company in 2006.

“The decision to close the Bronx bakery operations has not been made in haste or without significant planning,” a statement from the management said. Operations will be moved elsewhere and the products would continue, the statement said.

The workers had gone on strike on strike last Aug. 14, two weeks after their contract had expired. The owners maintained that the hourly wages of $18 to $22 an hour and nine weeks of paid leave made the factory unprofitable. It demanded significant reductions in wages and benefits in order to move the factory to profitability.

Last week, an administrative law judge with the National Labor Relations Board in Washington found that the company had improperly refused to bargain with the union by declining to provide the union with a copy of its 2007 audited financial statement.

The union representing the workers — Local 50 of the Bakery, Confectionery, Tobacco Workers and Grain Millers — was alerted by a letter from Daniel J. Myers, Stella D’oro’s chief operating officer under the federal Worker Adjustment and Retraining Notification Act, also know as the WARN Act, which requires that mass layoffs have at least 60 days notice.

Under the legislation, the workers might be eligible to receive unemployment insurance benefits, job retraining, and re-employment services.

Stella D’oro was founded in New York in 1932 by an Italian immigrant, Angela Kresevich, and her husband, Joseph, and became known for its brand of lightly sweetened Italian baked goods. The company was sold in 1992 to Nabisco and then to Kraft, before it was bought by Brynwood Partners. At the point the family sold the company, it employed 575 people with 1991 sales of $65 million.

________________________ ________________________ __________________

Once again, Unions are the emeny of the employee, not the friend. 

Wow, I remember that factory..closing...damn.

[Soul Crusher]

I went to Manhattan College which is two blocks away. 

[Deicide]

Those were some good cookies.

[Soul Crusher]

Those were some good cookies.

Yeah agreed. 

Broadway is going to become like the 70's soon the way things are going. 

[BM OUT]

9 weeks paid leave?Are you fucking kidding me?Thats why unions SUCK!!!

[Soul Crusher]

9 weeks paid leave?Are you fucking kidding me?Thats why unions SUCK!!!

Liberalism is a severe mental disorder. 

Unions destroy anything and everything they touch.   

[SAMSON123]

July 6, 2009, 5:03 pm
Stella D’oro Factory to Close in October
By Jennifer 8. Lee

Hiroko Masuike for The New York Times
 
The Stella D’oro biscuit factory in the Bronx will close in October, its owners announced on Monday.
Last week, a federal judge ordered Stella D’oro to reinstate 134 workers after a protracted 10-month strike. This week, the company invited the workers back. It also announced that it would close the factory in October.

The decision to close Stella D’oro’s only factory, which is based in the Kingsbridge section of the Bronx, was made by Brynwood Partners, the private equity company based in Greenwich, Conn., which bought the company in 2006.

“The decision to close the Bronx bakery operations has not been made in haste or without significant planning,” a statement from the management said. Operations will be moved elsewhere and the products would continue, the statement said.

The workers had gone on strike on strike last Aug. 14, two weeks after their contract had expired. The owners maintained that the hourly wages of $18 to $22 an hour and nine weeks of paid leave made the factory unprofitable. It demanded significant reductions in wages and benefits in order to move the factory to profitability.

Last week, an administrative law judge with the National Labor Relations Board in Washington found that the company had improperly refused to bargain with the union by declining to provide the union with a copy of its 2007 audited financial statement.

The union representing the workers — Local 50 of the Bakery, Confectionery, Tobacco Workers and Grain Millers — was alerted by a letter from Daniel J. Myers, Stella D’oro’s chief operating officer under the federal Worker Adjustment and Retraining Notification Act, also know as the WARN Act, which requires that mass layoffs have at least 60 days notice.

Under the legislation, the workers might be eligible to receive unemployment insurance benefits, job retraining, and re-employment services.

Stella D’oro was founded in New York in 1932 by an Italian immigrant, Angela Kresevich, and her husband, Joseph, and became known for its brand of lightly sweetened Italian baked goods. The company was sold in 1992 to Nabisco and then to Kraft, before it was bought by Brynwood Partners. At the point the family sold the company, it employed 575 people with 1991 sales of $65 million.

________________________ ________________________ __________________

Once again, Unions are the emeny of the employee, not the friend. 

The company claimed that it paid the employees 18 to 22 dollars per hour, but that is NOT the hourly wage of the employees. Those may be the wages of management and the nine weeks are the managments vacation. The employees are more than likely making 10 to 12 dollars per hour and that is after years of working there. Seems this same game was played with the auto workers claimiing they were making 70 dollars per hour when the vast majority were making 35,000 per year or less. These company games of inflating salaries is to garner sympathy from the dumb public and to trick the masses by factoring social security, vacation, health insurance, pension etc etc in order to make an hourly wage equivalent. So these fantastic numbers come about of 20 to 30 dollars per hour...in New York...making cookies and bread?...YEAH RIGHT!!!

Stop falling for the game...this is why america is in the financial shape it is in now...LIARS, THIEVES AND SWINDLERS running the show..

[Hereford]

Thank you unions, for another job well done of putting business OUT of business.

[Bindare_Dundat]

Don't people read the news? I work in the trades and things are worse than I can remember, People are cancelling contracts because they have no money and can't get any money and these people wanted more paid time off and 18- 22 an hour? wtf?

[GigantorX]

The company claimed that it paid the employees 18 to 22 dollars per hour, but that is NOT the hourly wage of the employees. Those may be the wages of management and the nine weeks are the managments vacation. The employees are more than likely making 10 to 12 dollars per hour and that is after years of working there. Seems this same game was played with the auto workers claimiing they were making 70 dollars per hour when the vast majority were making 35,000 per year or less. These company games of inflating salaries is to garner sympathy from the dumb public and to trick the masses by factoring social security, vacation, health insurance, pension etc etc in order to make an hourly wage equivalent. So these fantastic numbers come about of 20 to 30 dollars per hour...in New York...making cookies and bread?...YEAH RIGHT!!!

Stop falling for the game...this is why america is in the financial shape it is in now...LIARS, THIEVES AND SWINDLERS running the show..

Where in the article did it state how much management was making? The answer is nowhere, again you are making things up and throwing your own conjecture in with no facts to back it up,

The employees are more than likely making 10 to 12 dollars per hour and that is after years of working there

Is this in the article? Please stick with the facts and what is presented in the article. You seem to have a real problem not talking out of your ass. If you're going to run your mouth and shit up threads please provide some facts or proof about your assertions.

[BM OUT]

The company claimed that it paid the employees 18 to 22 dollars per hour, but that is NOT the hourly wage of the employees. Those may be the wages of management and the nine weeks are the managments vacation. The employees are more than likely making 10 to 12 dollars per hour and that is after years of working there. Seems this same game was played with the auto workers claimiing they were making 70 dollars per hour when the vast majority were making 35,000 per year or less. These company games of inflating salaries is to garner sympathy from the dumb public and to trick the masses by factoring social security, vacation, health insurance, pension etc etc in order to make an hourly wage equivalent. So these fantastic numbers come about of 20 to 30 dollars per hour...in New York...making cookies and bread?...YEAH RIGHT!!!

Stop falling for the game...this is why america is in the financial shape it is in now...LIARS, THIEVES AND SWINDLERS running the show..

You obviousy know NOTHING about NY or the east coast.You dont make 10-12 dollars in New York ,especially if your union.Teachers in New York start at 60,000 a year.Wharehouse guys on the east coast make 18-20 an hour easily.I work in a wharehouse and I make 20.00 an hour [we just moved from CT last year]in CT.

[Soul Crusher]

You obviousy know NOTHING about NY or the east coast.You dont make 10-12 dollars in New York ,especially if your union.Teachers in New York start at 60,000 a year.Wharehouse guys on the east coast make 18-20 an hour easily.I work in a wharehouse and I make 20.00 an hour [we just moved from CT last year]in CT.

I went to school two blocks from there and the company is known as a good company. 

I dont blame the workers as much as the Unions since i guaranty you that the employees individually would probably want to work something out with the company to save the jobs. 

Conducting business in NYC in a union facility is very expensive and the overall cost of business is crushing. 

[24KT]

The company claimed that it paid the employees 18 to 22 dollars per hour, but that is NOT the hourly wage of the employees. Those may be the wages of management and the nine weeks are the managments vacation. The employees are more than likely making 10 to 12 dollars per hour and that is after years of working there. Seems this same game was played with the auto workers claimiing they were making 70 dollars per hour when the vast majority were making 35,000 per year or less. These company games of inflating salaries is to garner sympathy from the dumb public and to trick the masses by factoring social security, vacation, health insurance, pension etc etc in order to make an hourly wage equivalent. So these fantastic numbers come about of 20 to 30 dollars per hour...in New York...making cookies and bread?...YEAH RIGHT!!!

Stop falling for the game...this is why america is in the financial shape it is in now...LIARS, THIEVES AND SWINDLERS running the show..

That's why private equity companies shouldn't be in charge of businesses. They don't make decisions to close businesses because the businesses aren't viable, ...but because they are unable to extract as much money as they want from them. Their primary motivation is profit, ...as much possible profit at any cost, ...not in producing a high quality product of value to consumers. If you give a Private equity company a car, ...they won't drive it, ...not when there is more money to be made by selling it off piece by piece. Give me a break! They held out for 10 months... 10 months! ...and refused to share audited financials with the union!    Oh please! They weren't broke, ...they were greedy. That said... I'm gonna miss Stella D'Oro biscotti. 

[Soul Crusher]

That's why private equity companies shouldn't be in charge of businesses. They don't make decisions to close businesses because the businesses aren't viable, ...but because they are unable to extract as much money as they want from them. Their primary motivation is profit, ...as much possible profit at any cost, ...not in producing a high quality product of value to consumers. If you give a Private equity company a car, ...they won't drive it, ...not when there is more money to be made by selling it off piece by piece. Give me a break! They held out for 10 months... 10 months! ...and refused to share audited financials with the union!    Oh please! They weren't broke, ...they were greedy. That said... I'm gonna miss Stella D'Oro biscotti. 

The Union does not own the company.  These union punks could care less about the workers.