Hostess has 33 plants all over the US. Likely busting the union in several states is impossible.
Bankruptcy/liquidation is the only viable option to bust all the unions.
The jobs will come back, just not union.
Yeah, I was referring to the plant in Biddeford Maine. We need this closing like a hole in the head.
AFL-CIO thinks it has an ‘in’ with Obama since their head Rich Trumka was hobnobbing at the White House this week.
Did you mean:
The jobs will come back, only they'll be in right-to-work states.
Actually, the company is very likely going down for the count. There are three hedge funds that bought up the assets after they filed Chap11 the first time, and they’ve poured money into this company. When Hostess filed Chap11 for the second time (earlier this year), the hedge funds decided that unless they get concessions from the unions on the pension issue that they’ll realize more value by breaking up the company and selling it off.
The Mexican conglomerate, Groupo Bimbo, owns most of the mass-consumer bakeries in the US. Sara Lee, Entemann’s, etc - all bought up over the years by Bimbo. If Bimbo doesn’t buy the Hostess assets, I don’t know who will.