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Representatives claim the US International Longshoremen and Warehouse Union (ILWU) “will continue to operate as usual”, despite it declaring bankruptcy and entering Chapter 11 over the weekend.
Chapter 11 bankruptcy is a procedure that allows businesses to recognise their debts while continuing operations, and is often referred to as ‘reorganisation bankruptcy’.
ILWU leaders said the union, which represents dockers at west coast US ports, had been forced into the move due to the cost of its continuing litigation with Filipino terminal operator ...
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tabish Ali
October 04, 2023 at 7:15 amDespite declaring bankruptcy and entering Chapter 11, it’s great to know that the US International Longshoremen and Warehouse Union (ILWU) will continue operating normally.