Hooligan
12-25-2008, 06:59 AM
Shuttered bakery reopens, rehires workers
ASHLAND, Ohio (CNN) -- An Ohio bakery shut down in October is bustling again, with 60 eager employees who had expected a Christmas on the unemployment rolls.
Some 300 workers lost their jobs when the Archway cookie factory in Ashland, Ohio, was suddenly closed by the private equity firm that owned it. The workers also were left without benefits like health insurance.
But then Lance Inc., a Charlotte, North Carolina-based snack food company, purchased Archway at a bankruptcy auction. And last week 60 workers were asked to return immediately, with perhaps more coming back in the months ahead.
Story Highlights
Archway bakery suddenly closed doors in October, throwing some 300 out of work
Lance snack food company steps in, buys Archway at bankruptcy auction
New owner gives each laid-off worker a prepaid $1,500 debit card
Company rehires 60 workers, says more will regain jobs if orders keep coming in
http://www.cnn.com/2008/US/12/23/cookie.factory.reopens/index.html
ASHLAND, Ohio (CNN) -- An Ohio bakery shut down in October is bustling again, with 60 eager employees who had expected a Christmas on the unemployment rolls.
Some 300 workers lost their jobs when the Archway cookie factory in Ashland, Ohio, was suddenly closed by the private equity firm that owned it. The workers also were left without benefits like health insurance.
But then Lance Inc., a Charlotte, North Carolina-based snack food company, purchased Archway at a bankruptcy auction. And last week 60 workers were asked to return immediately, with perhaps more coming back in the months ahead.
Story Highlights
Archway bakery suddenly closed doors in October, throwing some 300 out of work
Lance snack food company steps in, buys Archway at bankruptcy auction
New owner gives each laid-off worker a prepaid $1,500 debit card
Company rehires 60 workers, says more will regain jobs if orders keep coming in
http://www.cnn.com/2008/US/12/23/cookie.factory.reopens/index.html