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Company forced to lay off workers after 90’s Bain Capital buyout
In 1994 a group of investors led by Bain Capital took over a company called Dade International, then later started laying off workers and closing plants. The company eventually went bankrupt and 3,000 jobs were lost. Cindy Hewitt, a former Human Resources Manager at Dade talks with Rev. Al Sharpton about the devastation she witnessed firsthand as the company laid off workers. Tad Devine also weighs in.