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Hey, maybe they're hirin... Whoops. Nevermind.
Posted on 10/09/2008 2:33:45 PM PDT by nickcarraway
Some 250 workers across Northern California are losing their jobs because the company that makes Mother's Cookies has filed for bankruptcy.
Workers at the Mother's Cookies distribution center in San Jose told KTVU that they got notices last weekend. They said they were told not to come to work on Monday.
Longtime workers said they've been left without a job, without any severance pay and without health benefits. Worker Michael Bynum said, "I think it's corporate greed. I think we found a company that's looking at bottom line. They're looking at what they can do with companies. It sounds like they want to restructure and they want to break the union and go to cheaper labor."
Mother's Cookies was founded in Oakland in 1914. In the early 1990s it was sold and has changed hands several times since then.
An international congolmerate closed the Oakland Bakery in 2006.
The current owner says it plans to cease all operations in the United States. It cited rising food and fuel prices in the chapter eleven bankruptcy filing.
Now, for this, we need a bail out.
Just curious? Were the bakers unionized?
They want to break the union? Say it ain’t so!
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Hey, maybe they're hirin... Whoops. Nevermind.
This company is what the bailout was about, there is no credit for small business to borrow to pay payrolls...of course it didn’t get the credit flowing. Most companies operate on credit with taxes and other expenses that come like emergency repairs, etc...very few companies have operating capital on hand for more than a month...this has been going on for about a month.
very good point
I see where the FBI raided a couple of ACORN headquarters here this morning. I hope they get all of them, all across the country.
Wasn't it Hillary Clinton who once said that she couldn't be bothered with companies that were under capitalized? I've got a nasty feeling that we're going to be seeing just how many of the small businesses that make up the life blood of the US economy go under for just this reason.
I know that a company that I once worked for, a computer system VAR never could have made it had their line of credit dried up. I remember as the company was growing, we had 2 banks that gave us credit lines of half a million each, and a 1 million dollar line through TRW. Our problem was pushing the limit every month. The company was never late on paying off the credit lines, but near the end of the month, the amount of available credit to purchase additional products for our customers would get uncomfortably tight.
Thankfully it didn't and in just 8 years they went from sales and service of about $100,000 a month to roughly $2 1/2 to $3 million a month. They never could have grown like that without the credit line being available and growing along with the company.
Mark
Iced circus cookies and iced oatmeal cookies - the two best cookies in the world!
I'm inconsolable, LOL.
Not quite the same as dunking a circus animal cookie in a cold glass of milk, but this is still pretty cool:
Mother’s Cookies that last forever:
http://www.slashfood.com/2008/10/10/mothers-cookies-that-last-forever/
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