Arnulfo Chavez watches milk on a bottling line at Oberweis Dairy in North Aurora on March 1, 2017. Oberweis Dairy has notified the state it may lay off 127 workers as part of its Chapter 11 bankruptcy filing Friday.
“We have been told by counsel a notice is required if it’s reasonably foreseeable that jobs may be lost, even if there is a possibility or probability that jobs will not be lost,” Kraber said. “Not issuing the notice prior to filing would likely cause an adverse impact on general unsecured creditors.”protection Friday in Chicago after failing to find a buyer to rescue it from financial distress.
Oberweis filed a motion Monday requesting to pay $340,000 in outstanding wages owed to employees. Payroll averaged about $891,000 every two weeks from January through March this year, according to the filing.
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