Ever had any Silvercup Bread?

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Rob Lister
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Re: Ever had any Silvercup Bread?

Post by Rob Lister »

Ah, Silvercup. A true union success story!
For Christmas 1974 the Teamsters union wanted a 10 percent commission on bread delivered to non-union stores and supermarkets in ’75. Silvercup had an exclusive three-year contract with the city Board of Education and could not raise prices after Nixon sold grain to Russia and prices here doubled. The city was also in a recession.

Silvercup countered with an offer of 2 percent to the union. The Teamsters stood firm on their 10 percent and threatened to strike. Silvercup said if you do we will shut down the factory. The union laughed and said you can’t because you just bought a new fleet of trucks.

The workers went on strike and the factory closed its doors. Silvercup sold off the new trucks and ovens, as well as whatever else it could sell for salvage. It owed the IRS $500,000 in withholding taxes and another $500,000 in pension funds; 600 people lost their jobs.
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Re: Ever had any Silvercup Bread?

Post by solely »

No never, Wonder bread only.

Thanks Rob.
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Re: Ever had any Silvercup Bread?

Post by Anaxagoras »

Abdul Alhazred wrote: Wed Feb 05, 2020 5:51 pm Sounds to me like it was Nixon's fault, not the union.
Never the union's fault.
Did other bread companies go out of business for the same reason?
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare
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Re: Ever had any Silvercup Bread?

Post by robinson »

Abdul Alhazred wrote: Wed Feb 05, 2020 4:52 pm Question is addressed to anybody, but the one I'm trying to get a rise out of is ed. 8)
still working on Sophrosyne, but I will no doubt end up with Hubris
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Re: Ever had any Silvercup Bread?

Post by Nyarlathotep »

Never even heard of it. Local brand?