“Hey SNARKY.... Explain why the Teamsters told the Bakers to take it?
Take your time as you gather your thoughts.”
I already said I didn’t research it...but...if I had to guess why, Id say the Teamsters got a better bribe than the bakers. Or possibly the teamster boss got a better kickback.
No, my misinformed one. The teamsters saw the books and the company was not viable. Chapter 13 was inevitable.
The idiots are the bakers that caused 18,900 direct and untold thousands indirect job losses.
Good luck getting a job at Little Debbie.
One story I’d read said that the Teamsters were shown the books, went through them with their own accountants, and told the bakers that no, Hostess wasn’t kidding or bluffing, they really were broke. They’re a slightly smarter grade of parasite - when smacked in the face a few times with the proof, they eventually accepted it. After all, if the host company dies, they lose their income from the workers there.
You’d be wrong.
The Teamsters looked at Hostess’ books and realized it was a pay cut of about 10% or a pay cut of 100% and did the math.
The bakers.. not so much.
“I already said I didn’t research it...but...if I had to guess why, Id say the Teamsters got a better bribe than the bakers. Or possibly the teamster boss got a better kickback.”
Actually, I believe the Teamsters either were granted access to Hostess’ books, or somehow got ahold of the company’s financial information.
When they saw that, someone was smart enough to realize the company was on its deathbed. That’s why they told the bakers’ union to end the strike and go back to work...