Wednesday, 27 May 2015
Last updated 35 min ago
Jul 7 2009 | 2:16am ET
Following a federal order to reinstate 134 striking workers at its Stella D’oro bakery in the Bronx, private equity firm Brynwood Partners is shutting the factory.
Last week, a National Labor Relations Board administrative law judge sided with the Bakery, Confectionery, Tobacco Workers and Grain Millers union, finding that Stella D’oro, which makes Italian-style cookies and breadsticks, had improperly refused to bargain with the union. This week, it reinstated the workers, only to tell them it would shut the New York factory in October.
“The decision to close the Bronx bakery operations has not been made in haste or without significant planning,” Stella D’oro said. Greenwich, Conn.-based Brynwood, which bought Stella D’oro from Kraft Foods in 2006, made to decision to pull the plug.
Stella D’oro notified the union that it would be shutting the plant, required by federal law to provide 60 days notice of mass layoffs.
Stella D’oro said it would move the bakery operations and continue to produce the products currently manufactured in the Bronx. The company says that the hourly wages and paid leave under the contract that expired in August made the factory bleed losses.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…