Stella D’oro Factory to Close in October
By Jennifer 8. Lee
Stella D'oro factoryHiroko Masuike for The New York Times The Stella D’oro biscuit factory in the Bronx will close in October, its owners announced on Monday.
Last week, a federal judge ordered Stella D’oro to reinstate 134 workers after a protracted 10-month strike. This week, the company invited the workers back. It also announced that it would close the factory in October.
The decision to close Stella D’oro’s only factory, which is based in the Kingsbridge section of the Bronx, was made by Brynwood Partners, the private equity company based in Greenwich, Conn., which bought the company in 2006.
“The decision to close the Bronx bakery operations has not been made in haste or without significant planning,†a statement from the management said. Operations will be moved elsewhere and the products would continue, the statement said.
http://cityroom.blogs.nytimes.com/2009/07/06/stella-doro-factory-to-close-in-october/
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And then the plant shuts down:
Stella D’oro Factory to Close in October
By Jennifer 8. Lee
Stella D'oro factoryHiroko Masuike for The New York Times The Stella D’oro biscuit factory in the Bronx will close in October, its owners announced on Monday.
Last week, a federal judge ordered Stella D’oro to reinstate 134 workers after a protracted 10-month strike. This week, the company invited the workers back. It also announced that it would close the factory in October.
The decision to close Stella D’oro’s only factory, which is based in the Kingsbridge section of the Bronx, was made by Brynwood Partners, the private equity company based in Greenwich, Conn., which bought the company in 2006.
“The decision to close the Bronx bakery operations has not been made in haste or without significant planning,†a statement from the management said. Operations will be moved elsewhere and the products would continue, the statement said.
http://cityroom.blogs.nytimes.com/2009/07/06/stella-doro-factory-to-close-in-october/