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Article: SEN. SCHUMER HELPS TO BROKER DEAL TO SAVE MAKERS OF DRAKES COFFEE CAKE - PRESERVES 230 JOBS IN UPSTATE NEW YORK
- Article from:
- US Fed News Service, Including US State News
- Article date:
- February 4, 2009
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The office of Sen. Charles E. Schumer, D-N.Y., issued the following news release:
U.S. Senator Charles E. Schumer today announced that he successfully helped broker a deal between International Bakeries Corporation (IBC) and General Electric (GE) that ensures the company can now emerge from bankruptcy, preserving the jobs of the 230 Upstate New Yorkers who work for Drakes Coffee Cakes. Schumer said that the company is a critical employer across New York State and, had a deal not been reached, the company could have closed and the jobs lost. IBC employs nearly 800 people in New York State and more than 22,000 people across the country.
"Upstate New Yorkers can now have their Drakes cake and ...