Twinkies maker Hostess may liquidate after labor strikes

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posted on Nov, 15 2012 @ 09:25 AM
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Twinkies maker Hostess may liquidate after labor strikes


www.latimes.com

Bankrupt Twinkies maker Hostess Brands Inc. has some hard choices to make after spending the weekend dealing with worker strikes.

On Friday, Hostess-employed members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union began to strike nationwide, blaming a “horrendous contract” that they claimed could cut wages and benefits up to 32%.

Workers picketed or honored the strike in Sacramento, Los Angeles, Oakland and Seattle and in states such as Ohio, Tennessee, Bankrupt Twinkies maker Hostess Brands Inc. has some hard choices to make after spending the wee
(visit the link for the full news article)




posted on Nov, 15 2012 @ 09:25 AM
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Brilliant maneuver. Strike until the company goes completely out of business. Then you will have no jobs. This is a case of unions cutting off their noses to spite their faces. Here's the choices; take a cut in pay or become unemployed. Most normal people would either find another job or take the cut in pay. On a seperate note, It takes 18,000 people to make a Twinkie?

www.latimes.com
(visit the link for the full news article)



posted on Nov, 15 2012 @ 09:32 AM
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reply to post by joyride0187
 


Didn't you know? They don't have to work. Everything that you should ever possibly want shall be given to you by your government. So they can strike and run the company into the ground because the ever generous Federal Government will print more money to give to these folks. Shame on the Hostess company for actually working to make a profit.



posted on Nov, 15 2012 @ 09:34 AM
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It sounds like these workers would rather collect unemployment than work for less wages.

I hear Hostess has given them until 4:00 pm today to get back to work or they're shutting down.

edit on 15-11-2012 by Deetermined because: (no reason given)



posted on Nov, 15 2012 @ 09:35 AM
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Good riddance to bad junk food!



posted on Nov, 15 2012 @ 09:36 AM
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I feel bad for the employees who just want to work their shift and earn the wage.

The Union and the Union bosses may want one thing but I doubt all the employees are on board.

Who the hell would throw away long term good jobs for so many people over the chance to temporarily bump your pay now?

Hostess is hardly a sweat shop.

This is where Unions get their bad reputations.



posted on Nov, 15 2012 @ 09:41 AM
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reply to post by thisguyrighthere
 

That is where I draw the line. Union sheeps can strike all they want, that is their business. It is when they act like thugs, and threaten non union people with violence, and blocking people from going to work, that pisses me off.

We had one situation, where union thugs were mad at a builder I worked for, because he outright refuses to hire anyone from a union. He only deals with high end pro private contractors like me. The union thugs had a protest, and blocked the driveway on a mansion we were working on with their cars. The builder fired up the bulldozer and pushed the cars into the ditch across the road


They never tried that crap again.
edit on Thu, 15 Nov 2012 09:42:21 -0600 by TKDRL because: (no reason given)



posted on Nov, 15 2012 @ 09:42 AM
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I bet Little Debbie is loving this....

I really do think it's time for those Hostess workers to get back to work.

They are faced with two choices... Go back to work with cut wages, or lose their job and pay check, all together. Less money is better than zero....

That said.....This guy would be very upset right now





posted on Nov, 15 2012 @ 09:47 AM
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Liberals and Democrats... When they riot, they burn down their own neighborhoods. When they strike, they cost themselves their jobs. Not the sharpest knives in the drawer!!!

I'm willing to bet that their unemployment benefits are WAY less than what Hostess proposed in order to save company. Looks like all of the mouth-breathers are going to learn that the hard way! Serves them right!



posted on Nov, 15 2012 @ 09:53 AM
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No more deep fried twinkles?...actually I've never had one! Lol! ....well if the company closes, you better run out and buy them all up! They last forever, and then you can resell them on eBay when people start jones ing for them!



posted on Nov, 15 2012 @ 10:03 AM
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If we want to listen to or believe socialistworker.org, Hostess has had 6 CEO's in the last 10 years and is currently being ran by a private equity firm and two hedge funds?

socialistworker.org...

It sounds like these workers think Hostess is doomed to fail anyway and claim they're trying to protect the rights of other bakers everywhere with this move.



posted on Nov, 15 2012 @ 10:04 AM
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Hostess business model is outdated they have company drivers where 95% of all other bakeries have IO's (Independent Operators) deliver the product, Hostess has a lot of wasted cost including the union.

Hostess is owned by Hedge Funds right now and the hedge funds took a gamble on a Union company and lost.

The Brand Hostess and Wonder will fetch a pretty penny
edit on 15-11-2012 by Meatman because: added



posted on Nov, 15 2012 @ 10:06 AM
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Originally posted by DirtyLiberalHippie
I bet Little Debbie is loving this....

I really do think it's time for those Hostess workers to get back to work.

They are faced with two choices... Go back to work with cut wages, or lose their job and pay check, all together. Less money is better than zero....

That said.....This guy would be very upset right now




You beat me to the punch with the Tallahassee video... but thanks! Your post has singlehandedly made my morning better... cheers.


On topic... not a fan of unions. Used to be good, but in recent history they're more like mafia in my opinion.



posted on Nov, 15 2012 @ 11:06 AM
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Originally posted by Dreine

You beat me to the punch with the Tallahassee video... but thanks! Your post has singlehandedly made my morning better... cheers.




I'm really happy that I was able to do that for you... Cheers


That said, I should up to the store and maybe buy a box or two Hostess Twinkies or something. Just in case Hostess does close down.

I will charge $100 per box. Yay for extortion!


( Silly mood today
)

Anyway, it is sounding like Hostess really is in trouble. I admit, I have not had a hostess product since I was a kid, but I would still be sad to see them go. I do hope things get worked out, somehow or another.
edit on 15-11-2012 by DirtyLiberalHippie because: (no reason given)



posted on Nov, 15 2012 @ 11:06 AM
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Originally posted by thisguyrighthere
I feel bad for the employees who just want to work their shift and earn the wage.

The Union and the Union bosses may want one thing but I doubt all the employees are on board.

Who the hell would throw away long term good jobs for so many people over the chance to temporarily bump your pay now?

Hostess is hardly a sweat shop.

This is where Unions get their bad reputations.


This is where people bitch about "all the good jobs going overseas" but no one wants to take responsibility.

No unions, unfair to the worker. Heavy handed unions, unfair to the Biz and will sink it. There has to be a mix in the middle that works. But unions still should have some control over the figure heads that are lobbying for them.

I have no sympathy for people who lost their jobs because of circumstances like this. And it's the crap mentality of "I'm calling the labor board." which turns into, "I'm calling the union."

Far too many people I worked with over the years refused to just suck it up and do their job. While hurting the company they were working for.

And people wonder why they are considered expendable...



posted on Nov, 15 2012 @ 12:44 PM
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This is just one of the big reasons why companies export jobs overseas. Unions are not totally to blame by any means, but they certainly contribute to the loss of industry here in the US.



posted on Nov, 16 2012 @ 11:30 AM
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Well, HOSTESS went and DONETTE. The union negotiation has SNO BALLED into a real ZINGER. Daddy will have no dough so SUZY Q will not be hearing any HO HO hos this year.



posted on Nov, 16 2012 @ 01:18 PM
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I think it bears repeating here what another member said in a thread that was closed:


Member aethertek had this to say:



Some creditors question Hostess pay raises approved in late July.

Brian Driscoll, CEO, around $750,000 to $2,550,000
Gary Wandschneider, EVP, $500,000 to $900,000
John Stewart, EVP, $400,000 to $700,000
David Loeser, EVP, $375,000 to $656,256
Kent Magill, EVP, $375,000 to $656,256
Richard Seban, EVP, $375,000 to $656,256
John Akeson, SVP, $300,000 to $480,000
Steven Birgfeld, SVP, $240,000 to $360,000
Martha Ross, SVP, $240,000 to $360,000
Rob Kissick, SVP, $182,000 to $273,008

Maybe if the lazy blankety-blanks who sit on their backsides all day doing nothing didn't take so much the company could make a profit.

But sure blame it on the people making 10 bucks an hour working their butts off.



And I couldn't agree more.
d fire
Thank you for posting the information which I suspected was true. This is absolutely disgusting and proof that these heartless corporate scum-suckers would rather let their company perish, and let THOUSANDS of low-wage workers lose their jobs, than to have to lose their own big bonuses.



posted on Nov, 16 2012 @ 02:14 PM
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reply to post by joyride0187
 

Twinkies boxes are up to $25 on eBay now.
www.bloomberg.com...



posted on Nov, 16 2012 @ 03:14 PM
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I admit, I am actually kind of disappointed to hear that they decided to close down. I have not had any of their products in a long time, but still. It just seems weird. Hostess has been around forever. Sad to see this happen.

But, as I said before, I bet Little Debbie loves it....Assuming they are doing okay.





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