This was after filing for chapter 11
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Good luck. Everyone is at the mercy of the banks now. As long as they get the debt paid off. They could care less about your seniority, pay and benefits.
If you're an exec, your bonus and parachute are more secure. If you're a bankruptcy attorney for the company or banks, you'll be able to buy that second vacation home next year. If you're not an exec or lawyer, the Company has bought itself some time for the court and banks to find a buyer to maybe be your new employer. Dean Foods management now can't make any significant decisions without approval from the court and banks (for all intents and purposes, the banks own Dean Foods right now). They might get more interested buyers now that they are looking to sell only assets and not debts and liabilities. But there is no guarantee that a new owner will keep existing employees or offer the same pay or same benefits. And you likely won't ever see another dime contributed to your pension plan.