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Old 11-16-2012, 06:44 PM   #1
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No more twinkies!!!

Apparently, Hostess is closing its doors because they can't negotiate a resolution with their workers.
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Old 11-16-2012, 06:47 PM   #2
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Hostess Brands closing for good due to bakers strike - Nov. 16, 2012

I'll bet there are some mad union members.
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Old 11-16-2012, 06:50 PM   #3
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No body to blame but themselves.
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Old 11-16-2012, 06:58 PM   #4
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Old 11-16-2012, 07:08 PM   #5
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Unions will be the end of this Country!
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Old 11-16-2012, 07:09 PM   #6
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The unions are getting lots of help going toward the end of this country!

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Old 11-16-2012, 07:34 PM   #7
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We only know what we hear on the news but seems like neither side wanted to give in or be flexible. I suspect the 18,000 people losing a job might be happier if they (the union) had been a bit more flexible. Just my thoughts.
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Old 11-16-2012, 07:38 PM   #8
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Seems to me that a group of workers (union or not) that refuse to take an 8% pay cut until the company may recover (as the economy improves) and believes that the company is bluffing about closing their doors is about as intelligent as the bank robber who is cornered by the cops and puts his gun up to his own head and says "don't move or I will shoot". There seems to be a lack of common sense (intelligence) on both parts. JMHO
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Old 11-16-2012, 07:40 PM   #9
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The U in union is for you. Good bye twinkies.
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Old 11-16-2012, 07:44 PM   #10
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Another company will buy the name and other assets and keep them going. Don't worry.
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Old 11-16-2012, 08:15 PM   #11
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Always sad when folks lose their jobs. I feel somewhat responsible since I haven't bought a twinkle or their bread products in years.

I don't know why but for some reason this part of the linked article sounds familiar.

"The company is now controlled by a group of investment firms, including hedge funds Silver Point Capital and Monarch Alternative Capital."

Aside from the union contribution to the failure - two bankruptcies - rotating management - mounds of debt - owned by capital management companies -what could possibly go wrong?

I agree with other post - probably will be picked up by someone. I suspect a few people will make a killing. In the meantime working men and women will suffer.

I still won't buy twinkles though. Just not my thing.
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Old 11-16-2012, 08:16 PM   #12
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I hope someone does buy the assets. Here in Eastern North Carolina we have enough shuttered and rotting "assets", we don't need to add a Hostess plant and more loss of jobs.

If the Japanese buy the "assets" will they then be called "Tinkies"
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Old 11-16-2012, 08:21 PM   #13
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I think they already took 2 cuts and the co. raided their pension, this was just the last straw. Did you read anywhere about the top guys giving themselves 80% raises last year, but the bankruptcy court found out and made them give it back. All is not as it seems.
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Old 11-16-2012, 08:27 PM   #14
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Frank Hurt, president of the bakers' union, called the liquidation "a deep disappointment" but said his members weren't the ones responsible, blaming the various management teams in place at Hostess over the past eight years for failing to turn the firm around.
"Our members decided they were not going to take any more abuse from a company they have given so much to for so many years," Hurt said in a statement late Friday. "They decided that they were not going to agree to another round of outrageous wage and benefit cuts and give up their pension only to see yet another management team fail and Wall Street vulture capitalists and 'restructuring specialists' walk away with untold millions of dollars."

Hostess Brands closing for good due to bakers strike - Nov. 16, 2012
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