Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Hostess to liquidate if bakers' strike continues through Thursday (18,000 jobs)
cnn money ^ | 11/14/2012 | By James O'Toole

Posted on 11/14/2012 4:45:23 PM PST by tobyhill

Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday.

"We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement.

The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The bakers' union represents around 5,000.

The union did not immediately respond to a request for comment Wednesday, but has called the concessions demanded in the new contract "outrageous."

"Our members are on strike because they have had enough," bakers' union president Frank Hurt said in a statement Tuesday. "They are not willing to take draconian wage and benefit cuts on top of the significant concessions they made in 2004 and give up their pension so that the Wall Street vulture capitalists in control of this company can walk away with millions of dollars."

(Excerpt) Read more at money.cnn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: bakery; bankruptcy; classenvy; classwarfare; dingdongs; failure; frankhurt; gregrayburn; hostess; hostessbrands; jobs; layoffs; liquidation; marxism; obama; obamanomics; recovery; strike; stuckonstupid; twinkies; union; unions; unionthugs
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100 ... 201-219 next last
To: yoe

The union knows Obama will save them like he did GM. I don’t expect the unions to back down.


61 posted on 11/14/2012 6:10:59 PM PST by Orange1998 (Please DO NOT PRESS CTRL W)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Tucker39

bump


62 posted on 11/14/2012 6:15:04 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 56 | View Replies]

To: Uncle Miltie

HAHAHAHAHAHAHA


63 posted on 11/14/2012 6:19:07 PM PST by peggybac (Hope and Change has become Divide and Conquer)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Tucker39

Good post, Tucker — thanks. I love hearing success stories like that!


64 posted on 11/14/2012 6:19:23 PM PST by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
[ Post Reply | Private Reply | To 59 | View Replies]

To: Jeff Chandler

The shelf life of Twinky is like 20 years so store the inventory, fire the union and open shop in one year.


65 posted on 11/14/2012 6:20:29 PM PST by Orange1998 (Please DO NOT PRESS CTRL W)
[ Post Reply | Private Reply | To 10 | View Replies]

To: GeronL
Snowballs are good, aren’t they?

Man! I remember coming home at lunchtime and eating them over 45 years ago!
66 posted on 11/14/2012 6:21:34 PM PST by time4good
[ Post Reply | Private Reply | To 37 | View Replies]

To: time4good

my dad loved them even after his teeth were gone. The marshmallow-coconut parts anyways


67 posted on 11/14/2012 6:23:46 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 66 | View Replies]

To: tobyhill

Fire them all. There’s no law that says they have to negotiate with unions. Hire real unemployed people and train them.


68 posted on 11/14/2012 6:24:02 PM PST by rabidralph
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
Hostess is too big to fail. The Govt needs to step in immediately.

Although liquidated twinkies sound delicious!

Twinkie smoothies....

69 posted on 11/14/2012 6:30:45 PM PST by Manic_Episode (Some days...it's just not worth chewing through the leather straps....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: gunsequalfreedom
I'm going to add a half-dozen packages of the orange cupcakes to my grocery purchases tomorrow.
I do love those nasty things.
70 posted on 11/14/2012 6:36:05 PM PST by RightField (one of the obstreperous citizens insisting on incorrect thinking - C. Krauthamer)
[ Post Reply | Private Reply | To 24 | View Replies]

To: tobyhill
This is too bad, Hostess was responsible for the capture of countless supervillains in the 70s.

http://www.collectorsquest.com/blog/2006/12/20/the-cream-filling-comic-book-advertising-part-two/

71 posted on 11/14/2012 6:38:20 PM PST by pepsi_junkie (Who is John Galt?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tucker39

Perhaps one of these concerns will successfully bid to adopt the Hostess line.


72 posted on 11/14/2012 6:39:09 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
[ Post Reply | Private Reply | To 59 | View Replies]

To: ncalburt

No.

STOP SENDING JOBS OVERSEAS.

For crying out loud.


73 posted on 11/14/2012 6:42:20 PM PST by Cringing Negativism Network
[ Post Reply | Private Reply | To 25 | View Replies]

To: Cringing Negativism Network

Looked like obvious sarcasm to me. Who would ever eat anything from Belize?


74 posted on 11/14/2012 6:56:22 PM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
[ Post Reply | Private Reply | To 73 | View Replies]

To: tobyhill

“Our members are on strike because they have had enough,”

They will be relieved then, that after tomorrow, there will be no more.Way to go union


75 posted on 11/14/2012 7:05:15 PM PST by Figment
[ Post Reply | Private Reply | To 1 | View Replies]

To: HiTech RedNeck

Off topic but the Marie Sharps (hot) sauce out of Belize is very good. I have nothing to do with the company and there is some green stuff out of Guatamala that might be better. Posted from Texas where we know about those things.


76 posted on 11/14/2012 7:06:11 PM PST by nomorelurker
[ Post Reply | Private Reply | To 74 | View Replies]

To: Obadiah

That’s Pop-n-Fresh in disguise. It’s Pilsbury that is behind this insanity


77 posted on 11/14/2012 7:16:14 PM PST by Figment
[ Post Reply | Private Reply | To 51 | View Replies]

To: tobyhill

That’s what Marxist unions do...if they can’t have their way their willing to take the thing down in flames.


78 posted on 11/14/2012 7:19:38 PM PST by Gay State Conservative (Benghazi: What Did Baraq Know And When Did He Know It?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tucker39

The Goodyear workers in the aptly named “Union City” TN plant did likewise


79 posted on 11/14/2012 7:21:23 PM PST by Figment
[ Post Reply | Private Reply | To 56 | View Replies]

To: GreyFriar
Long live unions who will destroy a business to prove their power. Do the members want this to happen or only the union leaders?

It is probably only the union leaders.

80 posted on 11/14/2012 7:21:39 PM PST by zot
[ Post Reply | Private Reply | To 47 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100 ... 201-219 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson