Source: (or lookup the code) https://www.law.cornell.edu/uscode/text/11/1113
Topics regarding layoffs at Dean Foods Co.
What happens to drivers at plants that were not purchased (Miami)
$426,000,000 divided by 15,000 employees is $28,400 per employee. Then run it as employees choose. Wonder how much employees could save?
I am a teamster with Dean's. we would like to know what to expect if dfa does take over. any major changes to health care ?pension? Pay scales ? Working conditions? Thanks in advance to any input. Lot of nerves on edge right now
DFA’s stalking horse bid sets the floor price of the sale of Dean, the country’s largest milk producer, to prevent low-ball offers ahead of its April 13 deadline and potential auction set for April 20. If Dean, headquartered in Dallas, accepts a... — read more
Will DFA will assume all liabilities like the over $800 million Central States pension liability? If so they really would be paying $1.225 billion?
44 plants and all the stuff that goes with them for 425 million dollars? That's 9.7 million dollars per plant. That's dirt cheap. When Deans filed bankruptcy and reported they were talking to DFA the lawyer for the bondholders protested. He stated... — read more
Under the deal, Dairy Farmers of America also agreed to make job offers to Dean Foods workers at the 44 facilities. Dean Foods has about 15,000 employees nationwide.
My guess is DFA took the most populated cities, and left the rural ones to fend for themselves. I can't fault them it makes sense. Also in looking at the 2 other big milk companies that I know of, they pulled out of the cities that were already... — read more
Who feels more secure about this deal? Honestly it looks good on paper but if it goes through do you really think dfa wants to keep all 44 plants online when milk consumption has been in decline ?. Also what will happen to locations that have been... — read more
I guess everybody got that list of what plants are going to be shut down and which ones are not. Which one's got bought and which ones did not get bought not too sure which one of the unions and which ones are not. Prior to working at Dean Foods was... — read more
Does anyone know what will happen to the union agreements on DFA acquired plants (assuming it goes through)? Can they/will they kick out the Unions? Also, what is your personal opinion on the unions? Would you like to see the unions remain or be... — read more
Dean Foods Facilities / Locations Not Included in APA Total = 16 (28%) AL – Homewood/Birmingham, AL (Fluid) CA – Hayward, CA FL – Miami, FL HI – Hilo, HI HI – Honolulu, HI IL – O’Fallon... — read more
DFA does not want them. Not included in deal. I thought someone on here was beating their chest like King Kong bragging how they are modern and great????
DFA will acquire 44 of the Company’s fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (the “Stalking Horse Assets”).
How did Dean Foods get into this mess? Yes, there has been a decrease in the overall consumption of dairy milk as people buy soy, almond and pecan varieties. While true, this is only part of the story. A complete telling of Dean’s financial ruin... — read more
To dean's 37 million stip and kerp compensation.also 2 new court dates March 30 and April 22 omnibus hearings
Borden and Dean met for 30 minutes and couldn’t come to an agreement. Google dean foods
So does the mandatory group driver meeting next week. anybody else have a meeting next week on Wednesday? . Wondering what this is going to be about the safety update? The future D food?
First, if Dean and DFA already have a failed past and a rocky current relationship, how will DFA make any money bottling and selling milk without lowering the price it pays for members’ milk it hopes to bottle? Secondly, who exactly is DFA going... — read more
Dean Foods Shareholders Ask For Ch. 11 Committee
So did anything come out of todays hearing?? Im no expert but I don't see anything that means anything. Stock did not nose dive so guess business as usual? How long can they survive? Not one change at my plant way too much overtime and way too many... — read more
Feb 10th was the deadline for company to notify court of planned sale or to file a plan detailing the planned restructure of the company. Deadline has been extended to Feb 24.
Honestly Im ready for the place to close but dont want to be that guy who left a good paying job. Im not a vet so i dont have any infatuation that some of you older guys have for the milk industry. Im just ready to move on with my life already
Odds are a new owner will buy them out and continue business as usual. The competitors have run down outdated facilities and are not equipped to produce the volume they turn out. But folks we need to be honest here, Deans is just another company... — read more
CEO Scozzafava provided an update on the potential sale of the company “It’s very possible that we won’t do anything, and we’ll continue to execute the plan that we have, which we’re very happy with, and we’ll continue to make progress on it.”... — read more
Dairy Farmers of America Inc. said its plan to buy Dean Foods Co. assets is taking longer than expected because of the “complicated” nature of the business.
With milk being still a necessary product in schools, hospitals, military and other institutions. Seeing the government offer dollars to the farmers for supplements during the China tariffs trade war, I cant help but think that a offer to assist the... — read more
Today the tone-deaf HR leadership of Dean sends a note advising employees that they have the option of deferring a portion of their 2019 STI bonus. Fascinating bit of news since there are many, many dean foods employees who had deferred comp... — read more
What are your thoughts on pensions?
What's going to happen any details? Does anybody know news has been super quiet about this. Possible DF could last till 2021?
Wells Enterprises has officially bowed out of all interest in Le Mars plant. Asking price for plant and former Schuster office space currently under Deans ownership was too steep. $21,750,000 was what I was told. Again my insider works for Wells... — read more
Did you know.... Walmart built a dairy in Indiana to basically undersell Dean/Mayfields production... Then after the bankruptcy, offered the production to Dean Foods at the lower price so they could keep the doors open and shut down the Indiana... — read more
Why is it every time a meaningful post shows up it is deleted?? What about everyone's thoughts on February 11th???!!!
Dairy Farmers of America gives statement on potential Dean Foods merger
Wilbraham,Ma Dean foods Just got another hit of listeria in one of our work centers.
What's driving people to but this supposedly soon to be worthless stock? Is the Phoenix going to rise from the ashes?should have bought at its low of 4 cents maybe?
It been mentioned previously that there were going to be some things reported or updated in February. Now that February is literally right around the corner. Anybody heard what's the come? 850 million and still hanging out there we still riding on... — read more