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Teamster Locals Support Aggressive Measures to Protect Contract

(WASHINGTON) – Today, Teamster Local Unions that represent more than 1,000 Allied Systems Holding workers unanimously supported informing its members on the need to take aggressive action – up to and including a lawful strike – if the current Black Diamond/Spectrum bid to buy Allied proceeds and is approved by the bankruptcy court on Tuesday, Sept. 10.

On Wednesday, June 19, U.S. Bankruptcy Court Judge Sontchi approved revised motions by Allied Systems Holdings that establishes a process for interested parties to bid on Allied and bring it out of bankruptcy. Additionally, Judge Sontchi approved replacement debtor-inpossession (DIP) financing by Black Diamond and Spectrum to fund Allied through the sales process.


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