Skip to comments.Hostess says liquidation decision expected Friday (Going Galt)
Posted on 11/15/2012 4:35:49 PM PST by Navy Patriot
Hostess Brands Inc. said it likely won't make an announcement until Friday morning on whether it will move to liquidate its business, after the company had set a Thursday deadline for striking employees to return to work.
The maker of Twinkies, Ding Dongs and Wonder Bread had warned employees that would file a motion in U.S. Bankruptcy Court to unwind its business and sell off assets if plant operations didn't return to normal levels by 5 p.m. EST Thursday. That would result in the loss of about 18,000 jobs.
The Teamsters meanwhile are urging the smaller union to hold a secret ballot on whether to continue striking. Citing its financial experts who had access to the company's books, the Teamsters say that Hostess' warning of liquidation is "not an empty threat or a negotiating tactic" but a certain outcome if workers continue striking.
(Excerpt) Read more at sfgate.com ...
Am I the only one who didn’t get the memo on “going Galt”? It’s called shrugging. A much better term, in my opinion.
I have not bought any overpriced Wonder Bread or Twinkies in many years.
Sad to see an icon go bankrupt.
Unions have ruined this country. China thanks them.
It seems private business is the only group willing to challenge the RATs. Seems the GOP is incapable of putting up much resistance.
“Let ‘em eat..........Ding Dongs”
Honestly, I think they should sell it off. Get rid of the unions (sorry conservative union guys who work for Hostess) and let someone new continue the name.
Perhaps then a pair of twinkies will cost less than 3 bucks.
Twinkie liquidation. If this is San Francisco, they might not be talking about what you THINK they are talking about.
Ah, so now they tell 'em....
Teachable moment for union thugs.
“Hostess didn’t build that business”
Wait a minute.... maybe they should get the jobs legislated under the Solyndra/Obama marshall plan.
Really, they should fire them all. If they’re going to go out - go out in style. Then move to a right to work State and hire people who want jobs... not sinecures.
Fortunately not all union members are completely stupid. There is a growing number here in Michigan calling for right to work. In fact, they helped vote down our two big pro union proposals.
20’th Century Confections... to paraphrase Ms. Rand.
“Honestly, I think they should sell it off.”
Agree. Let the Union buy it and show the world how to run a company.
Hostess Brands site for strike information . . .
errr ahhhh ummmm...
(darn it. now I sound like Zero)
Bronco Bummer will probably just give the laid off union thugs an illegal taxpayer funded bailout anyway.
Obama gets re-elected and wonder bread goes under...
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