re: #42 Charles Johnson

Ampad is the shell company that was used by Bain to take over SCM Office Supplies. The layoffs that destroyed a lot of people’s lives happened when Ampad bought out SCM; it was the first thing they did.

It seems it was a labor dispute stemming from the terms of the sale….

AmPad bought SCM Office Supplies Inc., a subsidiary of Smith Corona, in July 1994. The labor problems started almost immediately after the sale.

Under the terms of the sale agreement on file with the Securities and Exchange Commission, AmPad did not have to honor the “bargaining agreement with the Union.” The Boston Globereported that “within hours [AmPad] released some 250 plant workers” at the Indiana plant. The workers had to reapply for jobs, the Globe reported, and all but 58 returned. But not for long. The plant closed seven months after the sale and five months after the strike began.