Results 1 to 4 of 4
Like Tree1Likes
  • 1 Post By crazy

Thread: Dairy related Bankruptcy's

  1. #1
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    YRC
    Posts
    13,777
    Rep Power
    919

    Default Dairy related Bankruptcy's

    https://www.mcall.com/business/mc-bi...uci-story.html

    We lose some Teamster jobs with this but don't know all the facts.
    Main reason is that Wal-Mart opened some kind of plant in Indiana. The Midwest dairy farmers got the work and alot of PA farmers are in huge trouble.


    I'd like a study on the affects illegal immigrants have had....it may or may not be a big part...but I, personally would like to know.

  2. #2
    I Am Rocking Now

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    new penn
    Location
    Northeastern PA
    Posts
    21,857
    Rep Power
    0

    Default re: Dairy related Bankruptcy's

    The milk plants are only part of the problem today.. I have a friend who basically was a dairy farmer in New York state.. Now all he does is raise dairy cattle and grows hay..he could no longer afford to have cows to produce milk as it was a losing proposition . It was companies like Dean foods that set the prices and they set the prices to the likes of Walmart and other large grocery chains.. Some states including PA use to protect the dairy farmers.. Always would see a sign in the dairy dept about that.. Long gone.. Dairy today is a tough business..
    slavenomore likes this.

  3. #3
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    YRC
    Posts
    13,777
    Rep Power
    919

    Default re: Dairy related Bankruptcy's

    Quote Originally Posted by crazy View Post
    The milk plants are only part of the problem today.. I have a friend who basically was a dairy farmer in New York state.. Now all he does is raise dairy cattle and grows hay..he could no longer afford to have cows to produce milk as it was a losing proposition . It was companies like Dean foods that set the prices and they set the prices to the likes of Walmart and other large grocery chains.. Some states including PA use to protect the dairy farmers.. Always would see a sign in the dairy dept about that.. Long gone.. Dairy today is a tough business..
    I think Wal-Mart basically forces their desired price on who they buy from. Dean was undercut by the midwest.

  4. #4
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,261
    Rep Power
    338

    Default re: Dairy related Bankruptcy's

    Another dairy related bankruptcy is announced. I wonder how many Teamster jobs this will affect ?
    Or, as they state in the filing, they can't afford their debt load or pension obligations.
    I know dairy farming has been hard hit. I also feel that many of these companies use the bankruptcy courts to walk away from the promises they made to their employees.

    Dallas-Based Borden Dairy Co. Files For Bankruptcy Protection
    Generations of Americans grew up with the company’s products on their kitchen tables and images in their head. Now Borden, one the the country’s oldest and largest dairy companies, has filed for bankruptcy protection.
    Saying it’s been hurt by a drop in overall U.S. milk consumption since 2015, Dallas-based Borden Dairy Co. says it can’t afford it’s debt load and pension obligations. The company has more than 3,300 employees and runs 12 plants across the country.
    The statement did not say if the plans on staying in business long-term or liquidate. According to court records, during 2019 Borden reported a net loss of more than $42 million.
    https://dfw.cbslocal.com/2020/01/06/...ry-bankruptcy/

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354