Bankruptcy - USA - Blue Bird files plan for restructuring
FORT VALLEY, Ga.,USA -WALB TV 10/AP -28 Jan 2006: -- School bus manufacturer Blue Bird Corporation is asking a federal court to approve a prepackaged bankruptcy plan as part of its restructuring... The company said in a statement that it is moving forward with a debt-for-equity conversion plan that will strengthen its balance sheet.... Company could not say when the plant would resume full production. About 400 employees were working yesterday... Spokesman Mike McCurdy says the temporary shutdown and the company's financial troubles are the result of the slow time of year for the company as most schools order buses in May...
posted by Unknown @ 12:04 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home