There is no rich company, do you believe everything someone tells you?

Where did you get this information eh? Do you work for them, and they told you this?

Isn't it much more likely that TDM made this company up, (sounds made up to me) as an excuse to cut benefits and salaries, since they are admittedly bleeding money out of every orifice?

There is nothing to sell, and hence with what we know it makes no sense. TDM is not a large corp, brand name, nor is it an owned property. It's a rented crap hole above a library because they could not afford to pay the rent anymore where they were.

Use logic, look up this Juren, see if they even exist. I would wager that this is just a bunch of BS to excuse cutting salaries and benefits.

"Oh, we have no control over this, it's the new company we are working for." Gimmie a break. If there is a new company runing things at this one branch, (again this makes no sense) why is Woody Ding still involved in the company?

You've been lied to my friend, it's still just TDM, they are simply trying to snowball teachers into taking a new crap deal since they can't afford the current crap one. Think about it.