Page 6 - Vermont Bread News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Don't miss the big stories. Like us on Facebook.   BRATTLEBORO — Koffee Kup and its subsidiary in Brattleboro, Vermont Bread Company, were shuttered Monday morning, resulting in a loss of more than 90 local jobs. According to a Tuesday news release from Dorset Partners, which specializes in “turnaround management and acquisitions,” Koffee Kup had been struggling to make ends meet for the past four years. “For each of the last four years Koffee Kup has suffered substantial financial losses and was unable to find a way out of their troubles,” states the news release,...

"For each of the last four years Koffee Kup has suffered substantial financial losses and was unable to find a way out of their troubles," the release said. "Employees, lenders, suppliers and customers all went above and beyond to support Koffee Kup during that time," the statement said, while noting that in the last six months the company was unable to find a new investor/operator. A total of about 450 employees were laid off, about half in Vermont and others at a Connecticut-based bakery, the newspaper reported. According to the bakery's website, the business started in 1940 with the owner ...

Don't miss the big stories. Like us on Facebook.   BRATTLEBORO — State and local officials are mobilizing efforts to stave off the negative impact of Koffee Kup’s decision to shutter its Vermont operations, including the closure of its Brattleboro subsidiary, Vermont Bread Company, that eliminated more than 90 local jobs. The closures were announced suddenly on Monday. According to a Tuesday news release from Dorset Partners, which specializes in “turnaround management and acquisitions,” Koffee Kup had been struggling to make ends meet for the past four years. “For...

Vermont breadmaker, baker Koffee Kup abruptly closes, lays off 250 employees The Koffee Kup Bakery in Burlington, seen on Tuesday, April 27, 2021, abruptly laid off most of its employees and shuttered the plant. Photo by Glenn Russell/VTDigger Modified: 4/27/2021 9:42:27 PM Vermont-based Koffee Kup Bakery closed its doors without plans to reopen on Monday, leaving hundreds of employees out of work. According to a notice filed with the state Department of Labor, 247 employees lost their jobs. Of those, 156 worked at the company’s Burlington location and 91 worked at a Brattleboro subsidiary,...

Vermont Business Magazine Vermont Department of Labor Commissioner Michael Harrington today issued the following statement: “On Monday April 26, 2021, the Vermont Department of Labor received formal notification from Koffee Kup Bakery (KKB), in the form of a Notice of Potential Layoff (also referred to as a WARN Notice), that the company was ceasing operations at its Burlington and Brattleboro facilities effective immediately. In an effort to immediately support the roughly 250 Vermonters who have lost their jobs, our Workforce Development and Unemployment Insurance divisions have begun the...