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Hostess, maker of Twinkies and Ding Dongs, says closing business

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posted on Nov, 16 2012 @ 02:38 PM
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Originally posted by sonnny1
18000 people losing their Jobs, right before Christmas. Looks like the Union didn't help the employees after all.



You got that right! In fact, in another thread, I posted that the teamsters wanted all the Hostess locations to strike and it was the Bakers that decided to even though they were striking against recently agreed to wage cuts. They were the catalyst in the final straw that broke the Hostess camel's back! Thanks union guys. Merry HO-HO-HOs!




posted on Nov, 16 2012 @ 02:39 PM
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reply to post by TheAngryFarm
 


The Majority of workers are losers???????Bravo!!!!!!
You have no clue.



posted on Nov, 16 2012 @ 02:41 PM
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Originally posted by sonnny1
reply to post by Chadwickus
 


That is the truth.

I buy these products, and my children eat them also. Not just the cakes, but also the breads.


This isn't good for the economy.


Screw the economy. Do you have any idea whats in twinkies and wonder bread? It's basically poison you don't want to feed your kids. In a right thinking world, you'd go to jail for child abuse. It's sad these people lost the jobs but now they have an opportunity to stop living J.ust O.ver B.roke and do something Great and meaningful with their lives. A fresh start.

I read it was Not the entire company that is going under, only the baking division. At least now there are 18,000 people that will not be conspiring to kill us all with chemicals. It's a win win for everyone.



posted on Nov, 16 2012 @ 02:42 PM
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reply to post by Ben81
 


HAHA this is exactly what i thought of!!!

This is sad


Twinkies and Ding Dongs are iconic from my childhood. Twinkies were a magical treat.

That is a lot of people that will lose their job. I didnt really read as to why they were striking so I will have to check that out. It can't be that bad to work for Hostess?? Or Can it?



posted on Nov, 16 2012 @ 02:47 PM
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reply to post by ascension211
 


Did management take a pay cut?????? Did management cut their bonuses and makes any concessions???
Sure blame it on the union. It's their fault. The company was run into the ground and it did not happen overnight.
Yes the wealthy workers are at fault here.



posted on Nov, 16 2012 @ 02:58 PM
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greed greed greed! well now that your not going to get any paycheck at all.... how was the strike! smart like stick!



posted on Nov, 16 2012 @ 03:00 PM
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reply to post by trouble4fun
 


there's not enough work to dispute the jobs that are available..... what a joke, more hungry bankrupt people



posted on Nov, 16 2012 @ 03:03 PM
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reply to post by Rockpuck
 





Another great American company and product killed by Unions.


The company is bankrupt. That is not the fault of the unions. That is the fault of management.....



posted on Nov, 16 2012 @ 03:06 PM
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Hostess is no more;

Fatties panicked.

Price gouging of ding-dongs ensues.



posted on Nov, 16 2012 @ 03:08 PM
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Originally posted by purplemer
reply to post by Rockpuck
 





Another great American company and product killed by Unions.


The company is bankrupt. That is not the fault of the unions. That is the fault of management.....


Not necessarily current management. If there were long-term union contracts, and the marketplace changed, the company would have been cumbersome and unable to change with the marketplace. The unions are typically not eager to renegotiate lower contracts, and almost never willing to lose positions.

The management may have been completely unable to save the company due to competing interests and legal knots. Apparently 12 different unions are represented in this nightmare, so the business management was in no position to steer the company they way they would probably have preferred to steer it. The rats were driving the ship, and when the ship goes down, they blame the captain.



posted on Nov, 16 2012 @ 03:10 PM
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reply to post by trouble4fun
 


The workers got their wages cut. What did management give??
So I should be happy to have a job?? Is that your dumb argument???
The workers should not fight and stick up for what they believe in??? Maybe thats how it works in a terrible country but not here in the USA.



posted on Nov, 16 2012 @ 03:12 PM
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reply to post by darkhorserider
 



Go back a few pages and see what the people in power at hostess gave themselves in raises in JUly.
You will sing another tune.



posted on Nov, 16 2012 @ 03:17 PM
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Originally posted by KoolerKing
reply to post by darkhorserider
 



Go back a few pages and see what the people in power at hostess gave themselves in raises in JUly.
You will sing another tune.


True, I saw that. I have a suspicion they knew this bankruptcy was inevitable, and they wanted to pad their pockets as much as possible in the mean time. They don't get a free pass, but I doubt they could have saved the sinking ship anyway.



posted on Nov, 16 2012 @ 03:21 PM
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Originally posted by gladtobehere

Originally posted by sonnny1

Founded in 1930, it produces such well-known brands, aside from Twinkies, as Ding-Dongs, Ho Ho's...

No more "dongs" or "hos".

Truly is a sad day.



edit on 16-11-2012 by gladtobehere because: (no reason given)


WAIIIIIIT!!! Who makes swiss rolls? anybody?



posted on Nov, 16 2012 @ 03:21 PM
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Originally posted by buster2010
If you do some checking into this Hostess is just as much to blame as the Union for this shut down.


Among other things, the plan states that Hostess’ union employees will be subject to an immediate 8% wage cut in year one, with modest increases in the years to follow, as well as a 17% reduction in health and welfare benefits. Hostess also will withdraw from multi-employer pension plans (MEPPs) followed by a freeze on pension contributions for two years and reduced contributions thereafter.

“Our members have fought hard for decades through the collective bargaining process to build a decent standard of living for themselves and their families,” Mr. Hurt said. “The deplorable actions taken by Hostess would take our members back to the workplace standards of the 1950s. “Our members have now said no to Hostess and the Wall Street investors in the only means available to them, the strike. The B.C.T.G.M. International Union stands in full and uncompromising support of our striking members.”

&c ck=1] Union initiates strike against Hostess Brands


Yeah, it is all the union's fault. Love how the folks are blaming the union. :-\

Derek



posted on Nov, 16 2012 @ 03:22 PM
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Companies declaring bankruptcy isn’t a new thing. They get to dump their pension obligations, dump their unionized workforce, and reconstitute themselves elsewhere. I predict the ‘elsewhere’ will largely be in the border areas of Mexico.



posted on Nov, 16 2012 @ 03:27 PM
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Originally posted by sonnny1
18000 people losing their Jobs, right before Christmas. Looks like the Union didn't help the employees after all.



The problem with unions is that they only look at the short term & never the long-term, this will not be the last company to fall because of their shortsightedness.



posted on Nov, 16 2012 @ 03:29 PM
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Originally posted by sonnny1
18000 people losing their Jobs, right before Christmas. Looks like the Union didn't help the employees after all.



Seems our wicked politicians of the east and west still have not gotten the message. What will it take?



posted on Nov, 16 2012 @ 03:30 PM
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reply to post by Juggernog
 


little debbie
www.littledebbie.com...
edit on 16-11-2012 by Komonazmuk because: (no reason given)



posted on Nov, 16 2012 @ 03:32 PM
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reply to post by Viesczy
 


Never mind the 900 new regulations the obamster admin created in the last 90 days, plus Obamstercare. This is indeed apocalyptic and all the socialist nanny staters still haven't got the message yet.



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