Friday, October 10, 2008

Mother's Cookies is Dead

By Chris Thompson
Fri, Oct 10, 2008 at 12:21 PM

Double phooey. Mother's Cookies, the Oakland company that has sold dessert treats for 92 years, will shut down forever on Monday. Managers cited the rising price of fuel and raw materials. According to the San Francisco Chronicle, the parent company filed for bankruptcy earlier this week. Of course, the parent company of that parent company is a private equity firm in Connecticut. Driver and Teamster member Frank Makely told the Chron that the firm bought the cookie manufacturer for a song, never spent money maintaining or keeping up equipment, and intended all along to sell whatever assets are left for a small profit, wiping out hundreds of jobs in the process. "The owners came in to get rid of us, to chew us up and spit us out," he says.

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