California Investors File Bankruptcy for Golden Guernsey
Expenses for Waukesha dairy, which shut down without warning on Saturday, exceeded revenues, according to OpenGate Capital.
OpenGate Capital has declared bankruptcy for the Golden Guernsey plant in Waukesha, which led to the plant’s shutdown on Saturday, the company said Tuesday. More than 100 employees were left without answers when the plant shut down. One employee, Robert Storm, has filed a complaint with the Wisconsin Department of Workforce Development because the employees did not receive 60 days notice before they lost their jobs. Online federal records did not yet have a bankruptcy notice posted late Tuesday. The company started in 1930 as a farmer-owned cooperative in Milwaukee, and by 1935, Golden Guernsey delivered milk to the homes of 20,000 customers in Wisconsin, according to its website. By 1955, construction began at its current facility at 2101…
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John Smith
7:06 am on Thursday, January 10, 2013
It is Obama's fault. He is doing nothing to fix our situation. Redistribution of wealth doesn't work. Whoever said " I want to work for a poor man?" Its only a matter of time before he has us all jobless and you will be wondering what happened. Stay informed and think about it. Profit is not a dirty word. more ›