Bankruptcy

Why America Cannot Afford to Let the U.S. Postal Service Go Bankrupt

Bill Boone was a fresh-faced 23-year-old in 1952 when he cast his first ballot for U.S. president, while proudly serving aboard an aircraft carrier off the coast of Korea. The U.S. Postal Service carried that vote untold miles to the election board in Boone’s hometown of Benton, Arkansas, and he’s considered “the mail” an essential …

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Even in Bankruptcy, Coal Companies Can’t Stop Selling Out Workers

After key environmental protections were rolled back by the executive order of President Donald Trump in March 2017—including the Obama-era Clean Power Plan—coal magnate Robert E. Murray cheered the news. “I think it’s wonderful, not just for the United States coal industry, our miners and their families, but it’s wonderful for America,” said Murray, then-CEO of …

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Future of workers uncertain as third-biggest US coal company declares bankruptcy

Coal’s decline is hitting workers first and worst. The third-largest coal company in the United States has declared bankruptcy, leaving the future of its more than 1,000 workers uncertain. The announcement is also the latest indicator that the faltering coal industry is spinning further into decline despite the efforts of President Donald Trump to save …

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Banking On Bankruptcy: Emails Suggest Negotiations With Detroit Retirees Were Designed To Fail

Even before one of their own was appointed emergency manager of the city, lawyers who were consulting with Michigan officials over the winter believed Detroit should move into bankruptcy proceedings that would free the city to walk away from its commitments to retirees. Emails between Kevyn Orr — now Detroit’s emergency manager but at the time an …

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“This is Not Just a Steelworker Issue”

Showing solidarity with our union brothers and sisters is a great way for us to ring in the New Year, says Jim Key, vice president at large of Steelworkers Local 550 in Paducah, Ky. Key, also his local’s legislative and political chairman, is asking union members and union supporters nationwide to take a minute to …

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Tribune Emerges Today from 4-year Bankruptcy, with Intent to Sell All Newspapers, TV Stations

Warren Buffett or civic-minded local investors in L.A., Chicago, Baltimore or other Tribune cities might be unable to purchase the papers individually, unless or until they were broken up by a subsequent owner.  The newspaper sale has been anticipated for months, but Tribune was expected to keep and grow its broadcast business, so the offloading …

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Just When You Thought the Hostess Story Couldn’t Get Worse…

Money that was intended for employee pensions was used by Hostess Brands management to cover operating expenses and workers were never compensated for the lost payment, Yahoo News reports. An undetermined amount of money that Bakery, Confectionery, Tobacco Workers and Grain Miller (BCTGM) members were supposed to receive as part of their contract with the …

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Hostess Blames Union For Bankruptcy After Tripling CEO’s Pay

Today, Hostess Brands inc. — the company famed for its sickly sweet dessert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production. But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company …

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Madeline Messa

Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.