Posted on 11/20/2012 7:49:57 PM PST by Nachum
Last week, when discussing the next steps for the company, and specifically the hope that mediation may resolve the epic animosity between management and workers, we stated that "What makes a mediation improbable is that the antagonism between the feuding sides has certainly hit a level of no return: "Several unions also objected to the company's plans, saying they made "a mockery" of laws protecting collective bargaining agreements in bankruptcy. The Teamsters, which represents 7,900 Hostess workers, said the company's plan would improperly cut the ability of remaining workers to use sick days and vacation." Sure enough, moments ago we learned that mediation has now failed and the liquidation may proceed. And since in America nobody understands that proper sequence of events involved in a bankruptcy liquidation, where the valuable parts always end up being acquired by someone, in this case the Twinkie brand and recipe, let the pointless Ebay bidding wars over twinkies continue. As for what really happens next, if indeed Bimbo is prohibited from acquiring the assets in the Stalking Horse auction due to anti-trust limitations, then the buyer will almost certainly be a "financial", i.e., another PE firm, whose coming means the end of any hopes and dreams of preserving union status at fresh start Hostess, or whatever the new firm will be named.
From the WSJ:
Hostess Brands Inc. said Tuesday night it would proceed with liquidation plans after mediation fails.
Earlier Tuesday, the head
(Excerpt) Read more at zerohedge.com ...
You can't fix retarded.
“HOSTESS SHRUGGED”
Yes, and I’m sure many more important people and companies will be heading for the gulch soon too!
Mud Man, now there is one slick job.
As for the union thugs let them eat bark.
I have seen unions reject machinery that made the work place safer. Who cares if an average of 6 of their members per year end up with crush injuries? Not the union! It was the "evil management" who wanted to protect the guys doing a more dangerous then it had to be job.
I have seen them sabotage their own product not because of a labor dispute but from sheer nastiness.
I have seen them come in drunk or high repeatedly and be sent off to rehab at company expense also repeatedly.
Unions are protection rackets and should be shut down.
Let the union pay the members incomes, after all they collected all those union fees for years and decades in some cases, oh wait silly me.
Those fees went to getting rats elected even if the union member did not want the rat.
"Young fool. Only now at the end do you understand."
Even if you could keep the bread fresh, I doubt you could sell it at a profit in Chicago or NYC, after sending empty trucks on a round trip to Mexico, and back, even if you were given the bread at no cost.
Even if you could keep the bread fresh, I doubt you could sell it at a profit in Chicago or NYC, after sending empty trucks on a round trip to Mexico, and back, even if you were given the bread at no cost.
See Sara Lee...
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LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
The larger radius in sparsely populated areas isn't due only to a more spread-out distribution base, it is also due to the fact that much lighter traffic allows for far better distance coverage in the same amount of work day.
I know this from a previous job which included distribution of bakery products. In very densely populated areas, your distribution radius is even smaller, sometimes as little as 15 or 20 miles.
My broker years ago tried to include Hostess in my portfolio. Either that or Sandisk. I chose Sandisk.
And not that I'm insinuating anything but this Baker's Union President better stay away from Pizza Ovens. He might trip and have his head fall right into one. (just sayin')
Unfortunately I just randomly read on a blog somewhere that the twitterers are blaming the greedy capitalist businesses for the shutdown of Hostess - nothing gets through to these communists. I am truly anxious about how absolutely brainwashed most of the people in this country have become.
For bread, sure. For Twinkies, cupcakes, etc, a few days of transport would not hurt them.
For long hauls, you generally use an independent trucking firm that would be hauling one product in one direction, and whatever load was available in the other.
I may be wrong but I believe the pensions fall under the Teamster umbrella........Additionally, I think that if you're a teamster, you're forbidden to go out and get a job in your respective trade in a non-union facility. You have to sign up for work at your union hall and you go on a waiting list. When jobs become available, your union hall then sends you out when your name comes up......
I know a retiree who was an electrician for the Detroit school system and he got that job through the IBEW after being unemployed for a year and a half.
A good friend of mine's nephew is in the sheet metal workers union here and he was unemployed for about 2 1/2 years until they called him up for a job.
These unions are ruthless too if they find out you're working in a non-union shop. My friend's nephew was on his union's pension board and they discovered a retiree who was working and they legally fined him $17,000 and withheld his pension until he paid it off. Their legal rationalization was that they had provided him the free apprenticeship training and the jobs throughout his career and thus he belonged to them.
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