Results 1 to 3 of 3
  1. #1
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    New Pennitentiary
    Location
    Pa
    Posts
    8,162
    Rep Power
    808

    Default $150 Million Pension Deficit From Philly Newspapers Sale

    Philadelphia Newspapers Head to Court as Buyer, Union Negotiate - BusinessWeek

    .....U.S. Bankruptcy Judge Stephen Raslavich is scheduled to hear from union pension funds that oppose the plan, saying it would leave them with a $150 million deficit. The buyers and Philadelphia Newspapers said they’ll ask the judge to overrule those objections and approve the plan......more......
    Last edited by slavenomore; 06-24-2010 at 07:32 AM.

  2. #2
    Getting In The Groove Now.

    Join Date
    Dec 2008
    Local Union
    470
    Employer
    ABF
    Location
    NJ
    Posts
    96
    Rep Power
    84

    Default Re: $150 Million Pension Deficit From Philly Newspapers Sale

    Great here comes more orphans for our pension plan.WTF these people bid on this company,they new full well the situation.Now they don't want to pay.

  3. #3
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    New Pennitentiary
    Location
    Pa
    Posts
    8,162
    Rep Power
    808

    Default Re: $150 Million Pension Deficit From Philly Newspapers Sale

    Quote Originally Posted by ltl1 View Post
    Great here comes more orphans for our pension plan.WTF these people bid on this company,they new full well the situation.Now they don't want to pay.
    Just like YRC to USF and New Penn.

 

 

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