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Hostess says liquidation decision expected Friday (Going Galt)
San Francisco Chronicle ^ | November 15, 2012 | AP

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.

Snip

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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bankrupt; closing; galt; hohos; hostess; liquidation; twinkies; union
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To: LADY J

exactly


51 posted on 11/15/2012 5:28:18 PM PST by GeronL (http://asspos.blogspot.com)
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To: radioone
“Let ‘em eat..........Ding Dongs”

So many jokes .... so little time!

52 posted on 11/15/2012 5:28:58 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: GeronL

Wow. It only took him 26 years to work his way up to shipping clerk! In companies that I’ve worked for, that was an entry-level job.


53 posted on 11/15/2012 5:29:16 PM PST by Bob
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To: publius911
Been there, done that. I have accepted up to 40% less to keep my job.

As I did once in my career. We kept on, improved the product and pulled the company out. Everybody survived, and we all got better.

54 posted on 11/15/2012 5:30:33 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Navy Patriot
Hostess has 33 plants all over the US.

Yeah, I was referring to the plant in Biddeford Maine. We need this closing like a hole in the head.

55 posted on 11/15/2012 5:31:26 PM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month)
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To: cableguymn
No one has been able to copy the mix of chemicals that makes up a Twinkie.

If they are liquidated in bankruptcy, another company can buy the names and recipes from the bankruptcy court. Twinkies will live on; Hostess won't.

56 posted on 11/15/2012 5:34:24 PM PST by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
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To: Navy Patriot

It's all yours, unions!


57 posted on 11/15/2012 5:34:52 PM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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To: LADY J

we need unlimited EBT cards for every Obama voter!

That will fix everything


58 posted on 11/15/2012 5:38:53 PM PST by GeronL (http://asspos.blogspot.com)
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To: LADY J
While Zero is actively precipitating disasters for America, Americans and Western Civilization, in fact Obama is a symptom as much as a disease.

We have see this before in history, it's a failure to pay attention.

59 posted on 11/15/2012 5:43:46 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Bob

lol.

He was happy at the bottom. He is not a “man of the mind” as Ayn Rand might say.


60 posted on 11/15/2012 5:46:33 PM PST by GeronL (http://asspos.blogspot.com)
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To: publius911
So long as the host stays healthy,the parasites do too. Once the parasites(Union) kill the host, well... adios.

Enjoy your $55 per week strike pay. Dick Trumpka is enjoying his $600K/yr that you have so genereously supplied.

Oh, don't like that Dickie-boy lives better than most of the horrible business owners?

Take it up with your union leaders. If you live long enough.

Broken kneecaps are a small price to pay, for gettin' what the workin' man deserves.

61 posted on 11/15/2012 5:47:17 PM PST by boop ("I need another Cutty Sark"-LBJ)
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To: iowamark
Hostess cherry pies, Hostess cupcakes, man I'll miss 'em.

Not as much as my mom though.

62 posted on 11/15/2012 5:48:57 PM PST by OKSooner ("I will bless those who bless thee, and I will curse those who curse thee.")
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Donate here!

FReepathon is still on. Day 46
If not now, when?



63 posted on 11/15/2012 5:53:08 PM PST by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: iowamark

Just bought Wonder bread whole grain wheat for $.99 on sale yesterday.


64 posted on 11/15/2012 5:53:24 PM PST by Renegade
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To: Navy Patriot
This is actually good. Americans eat too much sugar anyway.

And the best use of Wonder Bread was to wad it up in a pea shooter.

65 posted on 11/15/2012 5:56:21 PM PST by FatherofFive (Islam is evil and must be eradicated)
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To: OKSooner

Tasty cake is better


66 posted on 11/15/2012 5:56:30 PM PST by Renegade
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To: LADY J
Since Obama has been president, so many terrible things are happening in our country. So many layoffs, the super storm, the wounded warriors killed in a train wreck, the sex scandals making our military look so bad & so many other things too numerous to list.

I know bad things have happened before - but it seems like these things are happening too frequently. Everytime you hear the news - it's another disaster.

Maybe we lost our way as a country & these things are pay back for the way we are living now. I feel like there is a dark cloud hanging over us.

I feel myself sliding into a funk. Every day is harder than the day before.

67 posted on 11/15/2012 6:00:22 PM PST by muggs (Hope and Change = Hoax and Chains)
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To: Navy Patriot

AFL-CIO thinks it has an ‘in’ with Obama since their head Rich Trumka was hobnobbing at the White House this week.


68 posted on 11/15/2012 6:04:32 PM PST by Ciexyz
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To: Navy Patriot
"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."

That all the union needs to know about where they stand.

Impeach the kenyan or secession.


69 posted on 11/15/2012 6:05:49 PM PST by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: Navy Patriot

Is it too late to start hoarding? Until the sell-by date (some time in 2017) there might be money in black-market Twinkies.


70 posted on 11/15/2012 6:06:28 PM PST by AZLiberty (No tag today.)
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To: FatherofFive
LOL, I wondered what screen name Bloomberg uses.
71 posted on 11/15/2012 6:15:10 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: AZLiberty

Psst,...I’ll take a dime bag of Twinkies.


72 posted on 11/15/2012 6:17:34 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Navy Patriot

That stuff is crap. Won’t miss seeing it.


73 posted on 11/15/2012 6:20:47 PM PST by gotribe
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To: deks

Interesting info on the Hostess site. thanx for posting link.


74 posted on 11/15/2012 6:24:53 PM PST by Ciexyz
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To: Navy Patriot

I can hear the MSM whores now. Thousands of employees left jobless by heartless employer. Employer liquidates business in spite of workers accommodations to save company.


75 posted on 11/15/2012 6:29:15 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: iowamark

Always had wonder bread as a kid, haven’t bought it in many many years either. I used to love the chocolate cupcakes, but a year or more ago they changed the cake, doesn’t taste the same, probably Michele Obama’s orders to make them taste like shit!


76 posted on 11/15/2012 6:32:00 PM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
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To: Navy Patriot
Photobucket

The Worker's Internationale of Naughty Konfectionary Indulgence Employees (TWINKIE) Union prepares to make its case to the White House.

77 posted on 11/15/2012 6:50:59 PM PST by FredZarguna (Nothing against Paki's. Just paraphrasing Biden. Or Hillary. Or Both.)
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To: iowamark

Shame on ME! At a recent “Farmers’ Fair” here in flyover country, I bought something I’ve heard about for a while now. I sprang for the culinary delight called a “Deep fried Twinkie”! Not bad.....if one can stand the calories. And there is another new delicacy making the rounds out here in the boonies, too: Deep-fried Reese’s Peanut Butter Cups! Goll-leee!


78 posted on 11/15/2012 6:51:56 PM PST by Tucker39
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To: Tublecane
Am I the only one who didn’t get the memo on “going Galt”?

It will take a while to reach you. We've been extremely concerned about the NSA reading our e-mails, so Francisco d'Anconia is delivering the memos in person.

You did not hear it from me. Nudge, Nudge, wink wink. Know what I mean? Know what I mean?

79 posted on 11/15/2012 6:57:41 PM PST by FredZarguna (Nothing against Paki's. Just paraphrasing Biden. Or Hillary. Or Both.)
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To: fhayek

Why do I expect this to be the theme of a upcoming porn video?


80 posted on 11/15/2012 6:58:02 PM PST by matt04
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To: GeronL
“That would be the best thing for employees,” said Ron Hopkins, vice president of the AFL-CIO’s Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Local 103 in Orlando.

Permanent unemployment would be BEST?

Just wow.

81 posted on 11/15/2012 6:59:26 PM PST by null and void (America - Abducted by Aliens...)
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To: Navy Patriot

They did exactly that at Harley Davidson in York, PA when Ronaldus Magnus was POTUS. Then as the product was improved, the company.....and employees thrived, it went to their heads. And they (the union) came within a gnat’s whisker of blowing it off and having the company move elsewhere. Thankfully, the employees came to their senses before it was too late.


82 posted on 11/15/2012 7:01:37 PM PST by Tucker39
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To: Navy Patriot
For the unions, let them eat Twinkies.

Alternatively, they can have bread and fish (in the street meaning of biblical times.)

83 posted on 11/15/2012 7:04:38 PM PST by stboz
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To: Navy Patriot
The jobs will come back, just not union.

Did you mean:

The jobs will come back, only they'll be in right-to-work states.

84 posted on 11/15/2012 7:05:38 PM PST by null and void (America - Abducted by Aliens...)
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To: GeronL
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.

How do you tell when your union leadership has gone off the deep end? When the Teamsters sound like rational people.

85 posted on 11/15/2012 7:07:51 PM PST by matt04
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To: Navy Patriot

86 posted on 11/15/2012 7:08:59 PM PST by dfwgator
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To: Navy Patriot

Good!!! Let the dingdongs starve.


87 posted on 11/15/2012 7:12:08 PM PST by freeangel ( (free speech is only good until someone else doesn't like it)
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To: Twinkie

<>TWINKIES are NOT overpriced!<>

They’re not???

http://www.amazon.com/Twinkies-Hostess-Golden-Sponge-1-5oz-Cakes/dp/B00139VS8U


88 posted on 11/15/2012 7:19:34 PM PST by Uncle Chip
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To: GreyFriar
Let them eat Little Debbies.

Your bad.

89 posted on 11/15/2012 7:21:36 PM PST by BBell (And Now for Something Completely Different)
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To: Navy Patriot
If nothing else, this thread has taken me for a fond trip down memory lane.

Breakfast in college was always a package of Suzi-Q's and a Mountain Dew.

90 posted on 11/15/2012 7:24:21 PM PST by brewcrew (Mr. President, we DID build that. You broke it. We'll fix it. You're fired.)
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To: libertarian27
In defense of the Teamsters ...

That union approved the court-ordered labor settlement and advised its members to go back to work. It's the 5,000-member baker's union that is not willing to sign onto the deal and is threatening the jobs of all 18,000 employees.

91 posted on 11/15/2012 7:24:53 PM PST by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
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To: Theoria

Goodbye Hostess! Loved your snacks when I was a kid. I am more of the LD Oatmeal Creme Pie these days anyway.

Look for the Union Label!


92 posted on 11/15/2012 7:49:22 PM PST by eyedigress ((zOld storm chaser from the west)/?)
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To: reagan_fanatic
The company promptly shut its doors for good. 60 dumbasses out of a job. Of course, the union heads are still employed.

I still recall how proud the thug union bosses were when they put Eastern Airlines out of business... "We call the shots!" The union has the power to put the company out of business... How many THOUSANDS of union workers lost their jobs back then?

Mark

93 posted on 11/15/2012 8:07:55 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: Navy Patriot

Woody Harrelson is not going to be happy about this.


94 posted on 11/15/2012 8:07:58 PM PST by lurk
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To: null and void
...they'll be in right-to-work states.

Eventually, yes, in the long term only right to work states will have the possibility of permanently sustainable jobs like these.

95 posted on 11/15/2012 8:09:13 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: cableguymn

I guess I’d better grab an apple pie tomorrow. Loved those ever since I can remember.


96 posted on 11/15/2012 8:09:51 PM PST by Bshaw (A nefarious deceit is upon us all!)
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To: All
I rarely, if ever, buy their products simply because they are twice as much as the competing products.

How much more do these union morons think they can get for a box of these snacks?

That said, when I was a kid I musta ate a million of the Yankee Doodles. I don't think they make those anymore but I might pay a pretty penny for a box of those.

97 posted on 11/15/2012 8:12:16 PM PST by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: GeronL
The strikers want it to shut down, they think new owners will preserve their pay nd benefits.

If the government steps in to help the union workers (as it did with GM), the new owners will preserve the pay and benefits.

Seriously.

98 posted on 11/15/2012 8:12:22 PM PST by pgyanke (Republicans get in trouble when not living up to their principles. Democrats... when they do.)
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To: Navy Patriot

Better to cut off your own testicles with a clean slice than have the government do it with a rusty and dull blade.


99 posted on 11/15/2012 8:12:31 PM PST by Bshaw (A nefarious deceit is upon us all!)
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To: lurk
Woody Harrelson is not going to be happy about this.

Because he thinks with his Woody, or because he is a Twinkie?

100 posted on 11/15/2012 8:12:53 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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