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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: 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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