Downers Grove-based Hearthside Food Solutions, which is under investigation by the U.S. and Illinois labor departments for alleged child labor violations, voluntarily filed for Chapter 11 bankruptcy protection in Texas on Friday. The food manufacturer, which was named in a sweeping investigation into migrant child labor published by the New York Times last year, said it didn’t expect any disruptions to production or other company operations. Bloomberg first reported the company, which maintains it has never knowingly employed children at its production facilities and that the allegations were not a primary driver of its restructuring plan, was preparing to file for bankruptcy. “We have taken decisive action across our company to put our past challenges behind us, and are encouraged by the improvement we have already seen,” the company’s CEO, Darlene Nicosia, said in a statement. In a news release, Hearthside, a contract food manufacturer that produces packaged foods such as cookies, crackers and frozen foods for other companies, said the restructuring plan would allow it to shed nearly $2 billion in debt while securing around $200 million in new capital at exit.
Downers Grove-based Hearthside, Under Investigation For Alleged Child Labor, Files For Bankruptcy
Talia Soglin, Chicago Tribune: Business
Mon, 11/25/2024 - 11:30am
Topics: downers grove-based hearthside food solutions chapter york times bloomberg we darlene nicosia shortly paul cicchini romeoville you village temps rhonda burke u.s department labor charlesbank capital partners partners group hearthside hearthside hearthside u.s illinois times tribune investigation bankruptcy company production allegations agencies billion facilities year staffing manufacturer ongoing workforce published friday spokesperson reported plan restructuring operates foods third-party
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- Downers Grove-based Hearthside, under investigation for alleged child labor, files for bankruptcy
Downers Grove-based Hearthside Food Solutions, which is under investigation by the U.S. and Illinois labor departments for alleged child labor violations, voluntarily filed for Chapter 11 bankruptcy ...
11/25/2024 - 8:11 am | View Link - More
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