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Home » Posts tagged with » bankruptcy
Imports Helped Kill The Twinkie, Hostess Brands Workers Get Assistance
By WideWorldOfWork.com— Imports of cheap baked goods helped kill the Twinkie and the Ding Dong. A U.S. Department of Labor investigation has found that increased imports of baked products contributed importantly to Hostess Brands’ sales declines, worker layoffs and ultimately its bankruptcy liquidation. The DOL says that the approximately 18,000 workers laid off in 48 […]
PBGC Bails Out Hawker Beechcraft Pension Plans
31/01/2013 Comments Off on PBGC Bails Out Hawker Beechcraft Pension Plans
The Pension Benefit Guaranty Corporation (PBGC) will assume benefit payments for more than 9,500 workers and retirees from two of Hawker Beechcraft, Inc.’s pension plans under a bankruptcy court agreement announced Thursday, Jan. 31, 2013. The settlement also includes $2.5 million to those salaried retirees whose benefits exceed those paid by PBGC under rules set […]
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