The family-owned North Aurora dairy filed a notice with the state of possible layoffs in connection with Friday’s Chapter 11 filing.
Arnulfo Chavez watches milk on a bottling line at Oberweis Dairy in North Aurora on March 1, 2017. Oberweis Dairy has notified the state it may lay off 127 workers as part of its Chapter 11 bankruptcy filing Friday.
“We have been told by counsel a notice is required if it’s reasonably foreseeable that jobs may be lost, even if there is a possibility or probability that jobs will not be lost,” Kraber said. “Not issuing the notice prior to filing would likely cause an adverse impact on general unsecured creditors.”protection Friday in Chicago after failing to find a buyer to rescue it from financial distress.
Oberweis filed a motion Monday requesting to pay $340,000 in outstanding wages owed to employees. Payroll averaged about $891,000 every two weeks from January through March this year, according to the filing.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oberweis Dairy files for bankruptcy after failing to find a buyerThe family-owned dairy has dozens of ice cream stores and shelf space in grocery stores across the Midwest.
Lire la suite »
Oberweis Dairy files for Chapter 11 bankruptcy protectionOberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Lire la suite »
Oberweis Dairy files for Chapter 11 bankruptcy protectionOberweis Dairy, the nearly century-old suburban business known for its milk products and ice cream stores, filed for Chapter 11 bankruptcy protection on Friday,…
Lire la suite »
Seoul says North Korea fires missile toward the North’s eastern watersSouth Korea says North Korea has fired a ballistic missile toward the North’s east coast
Lire la suite »
Seoul says North Korea fires missile toward the North's eastern watersSouth Korea says North Korea has fired a ballistic missile toward the North’s east coast
Lire la suite »
The Great North American Eclipse: A Phenomenon That Affects More Than Just North AmericaThe total solar eclipse on April 8, known as the Great North American Eclipse, is not exclusively an American event. It will be visible in the southern hemisphere and will affect the South Pacific to the North Atlantic. This article provides information about the eclipse and its significance.
Lire la suite »