Detailed text transcripts for TV channel - MSNBC - 20161030:11:39:00
Filing for chapter 11. that certainly was want the plan when they bought the company from industry giant oneida five years earlier. >> we manufactured foroni oneid and other flatware marketers. >> when the recession hit in 2008, orders for forks, knives, and spoons simply dried up. >> they stopped buying from us, or in some cases they would buy things they didn't have a lot of. it was dribs and drabs, not leerily what we needed. >> with bearically any cash coming in, the pair took a drastic action. they closed the factory, let 100 employees go, and shifted production for the remaining clients ...
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