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Keyword: hostess

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  • Illinois a terrible hostess: Twinkies leave the state

    08/23/2014 11:53:00 AM PDT · by re_tail20 · 68 replies
    Illinois Policy Institute ^ | August 22, 2014 | Austin Berg
    Hostess Brands LLC announced on Aug. 20 that the Illinois bakery where Twinkies were first invented will close this fall. More than 400 workers will be affected by the shuttering of the company’s Schiller Park location in October. Sadly, this isn’t surprising. In 2012, Hostess closed three bakeries nationwide after a massive union strike, high labor costs and increased competition turned up the heat on the baked-goods company. It’s hard to believe that some variation of these factors didn’t cause Hostess to sever its ties with Illinois. About 280 of the company’s workers in Schiller Park voted to unionize in...
  • Boeing machinists reject “best and final” labor deal for 777X

    12/13/2013 6:15:23 AM PST · by rktman · 20 replies
    hotair.com ^ | 12/13/2013 | Jazz Shaw
    Almost exactly one month ago we looked at the hissy fit being thrown by the machinists union at Boeing and how they appeared to be forcing the biggest employer in their area to look to Right to Work states when they start building the new 777X. (This led to Seattle’s newest elected socialist calling for armed revolt.) Apparently somebody at the union office didn’t get the memo that Boeing was serious, because when their employer came back with an even more generous offer, they turned up their noses again.
  • Wonder bread returning to shelves

    09/23/2013 11:58:55 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Sep 23, 2013 3:17 PM EDT
    Wonder bread is back almost a year after it vanished from shelves. Flowers Foods Inc., which bought Wonder from the now-defunct Hostess Brands, said the bread started returning to supermarket shelves Monday. The company, which also makes Tastykake and Nature’s Own bread, snapped up five bread brands after Hostess went out of business late last year. The $355 million deal included Butternut, Home Pride and Merita, which are all returning to shelves along with Wonder. … Flowers said Wonder bread is being made at that company’s existing plants. The 20 Hostess plants the company acquired as part of the deal...
  • Hostess Brands Returns to Snack Cake Market, Will Not Hire the Professional Bakers

    07/13/2013 4:55:38 PM PDT · by mdittmar · 130 replies
    AFL-CIO ^ | 7/12/2013 | Jackie Tortora
    Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) President David B. Durkee issued the following statement in response to the impending re-entry by Hostess Brands, LLC, into the snack cake market:“This coming week, Hostess Brands, LLC, is expected to re-enter the wholesale snack cake market.  Despite the fanfare, the long-term viability of this effort is highly uncertain. Rather than hire professional, experienced bakers who have produced quality snack cakes in the company’s bakeries for decades, Hostess management has chosen instead to hire primarily workers with little or no experience in the demanding wholesale snack cake baking industry.“The BCTGM...
  • Hostess says Twinkies will return to shelves July 15 with wider distribution

    06/23/2013 10:19:22 AM PDT · by TaxPayer2000 · 74 replies
    Star Tribune ^ | June 23, 2013 | CANDICE CHOI , AP Food Industry Writer
    NEW YORK — Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month. The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15. Based on the outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return next month for Twinkies and other sugary treats, such as CupCakes and Donettes. The company says the cakes will taste the...
  • New Hostess owners walk back anti-union comments

    04/30/2013 4:10:44 PM PDT · by markomalley · 24 replies
    Washington Examiner ^ | 4/30/2013 | Sean Higgins
    The newly-revived Hostess snack cake company created a stir late last week when it indicated it wouldn’t be allowing any unions. As the Wall Street Journal reported:  Chief Executive C. Dean Metropoulos (of Metropoulos & Co, one of the two companies reviving the brand) said the company will pump $60 million in capital investments into the plants between now and September and aims to hire at least 1,500 workers. But they won’t be represented by unions, including the one whose nationwide strike sparked the 86-year-old company’s decision to shut down in November.“We do not expect to be involved in the union...
  • Twinkie The Kid Fires A Shot Across Obama’s Bow

    04/29/2013 9:01:07 AM PDT · by Shout Bits · 24 replies
    Shout Bits Blog ^ | 04/29/13 | Shout Btis
    Today's fun story is the return of Twinkies, due in stores this summer. Less fun for Pres. Obama's labor agenda is that Hostess's new owner is not hiring union labor to bake and deliver its products. Because the former Hostess liquidated in bankruptcy several months ago, no labor contracts exist between Hostess and powerful unions such as the Teamsters. The steady decline of private sector unions is nothing new, but the Hostess restructuring is a test case for unions and Obama's ability to repay them for their support. Pres. Obama's latest nemesis –Twinkie The Kid Obama is a union man,...
  • BCTGM 'Extremely Disappointed' by Reports Hostess Brands Buyer Will Not Hire Union Members

    04/27/2013 2:25:51 PM PDT · by mdittmar · 99 replies
    AFL-CIO ^ | 4/26/2013 | Jackie Tortora
    Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM) issued a statement today, responding to the sale of the iconic Twinkies brand.  In response to Metropoulos & Co. CEO C. Dean Metropoulos' statement to The Wall Street Journal that the company will not hire union workers when reopening four former Hostess Brands bakeries, BCTGM International President David B. Durkee issued the following statement on behalf of all BCTGM members:The BCTGM is pleased to see that Hostess Brands LLC, the newly formed snack cake company created by Apollo Global Management and Metropoulos & Co, has announced that it will be reopening four Hostess...
  • New Twinkie Maker Shuns Union Labor

    04/26/2013 10:23:59 PM PDT · by grundle · 66 replies
    Wall St. Journal ^ | April 24, 2013 | RACHEL FEINTZEIG
    The company that bought the Twinkie, HoHo and Ding Dong brands out of bankruptcy is gearing up to reopen plants and hire workers, but it won't be using union labor. Hostess Brands new incarnation of the baking company that liquidated in Chapter 11—is reopening four bakeries in the next eight to 10 weeks, aiming to get Twinkie-deprived consumers the classic snack cake starting in July. Chief Executive C. Dean Metropoulos said the company will pump $60 million in capital investments into the plants between now and September and aims to hire at least 1,500 workers. But they won't be represented...
  • Hostess Reopening Plants, Without Union Workers

    04/26/2013 5:55:33 PM PDT · by markomalley · 40 replies
    ABC ^ | 4/26/2013
    The bankrupt assets of Hostess Brands, Inc., the company responsible for Twinkies, Ho Ho's, Sno Balls and Ding Dongs, are being put back to work by a buyout firm. What's not being put back to work are the former Hostess unionized employees. The unionized workers had been on strike when the company folded late last year. The company had imposed a contract that would cut its 19,000 workers' wages — 15,000 of whom belonged to the workers from the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union (BCTGM) — by 8 percent. (The Teamsters was Hostess' largest union, followed...
  • Twinkies' future could be union-free

    04/25/2013 2:09:35 PM PDT · by jimbo123 · 17 replies
    CNN Money ^ | 4/25/13 | Jose Pagliery
    The new owners of Hostess are starting up production again. But there's no mention of labor unions. The maker of Twinkies and Ding Dongs was involved in a crippling labor dispute last year, ultimately leading to the company shutting down and selling its assets. Roughly 15,000 of 18,500 employees lost their jobs.
  • Judge OKs Hostess's Twinkies, Ding Dongs sale

    03/19/2013 2:47:53 PM PDT · by EXCH54FE · 69 replies
    Reuters ^ | Mar. 19, 2013 | Tom Hals
    Reuters) - Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc. Buyout firms Apollo Global Management and Metropoulos & Co teamed up for Hostess's snack cake brands, paying $410 million for Twinkies, Ho Hos, Ding Dongs and Donnettes. Flowers Food Inc, which makes Tastykakes snacks, picked up most of Hostess's bread business, including its Wonder and Nature's Pride brands for $360 million. The No. 2 U.S. baking company also bought 20 bakeries and other...
  • Little Debbie Maker to Buy Drake's Brand From Hostess For $27.5 Million

    03/14/2013 5:50:55 PM PDT · by Morgana · 42 replies
    FOX ^ | FOX/Dow Jones Newswires
    Hostess Brands Inc. on Thursday named McKee Foods Corp. the winning bidder for its Drake's brand of coffee cakes and other treats, as no other bidder topped McKee's $27.5 million offer. Hostess said a planned Friday auction for Drake's, which makes Ring Dings, Yodels, Devil Dogs and its namesake Drake's coffee cake, will be canceled. Hostess will ask a bankruptcy judge to approve the transaction at an April 9 hearing. McKee, the maker of Little Debbie snack cakes, in January was named the lead bidder for Drake's. The company will get Drake's brands and equipment if the judge approves the...
  • Hostess Brands Selects Winning Bidder for Majority of Snack Cake Business, Twinkies®

    03/13/2013 6:30:23 AM PDT · by xzins · 25 replies
    Hostess Brands.Info ^ | March 12, 2013 | Hostess Brands Info
    Hostess Brands Selects Apollo Global Management and Metropoulos & Co. as Winning Bidder for Majority of Snack Cake Business, Including Twinkies® Agreement Includes Both Hostess® and Dolly Madison® Brands Company to Seek Court Approval of Sale on March 19 KANSAS CITY, Mo., March 12, 2013 - Hostess Brands Inc. ("Hostess Brands" or "the Company") announced that the stalking horse bid submitted by affiliates of Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries "Apollo") and Metropoulos & Co. ("Metropoulos") for the majority of the Company's snack cake business, which includes both Hostess® and Dolly Madison® branded products, will be...
  • Twinkies due on shelves as $410 million bid OK'd

    03/12/2013 12:50:29 PM PDT · by Red Badger · 43 replies
    http://money.cnn.com ^ | 03-12-2013 | Staff
    The winning bid is a joint venture by private equity firms Apollo Global Management (APO) and Metropoulos & Co. A statement from Dean Metropoulos, founder of one of the firms, confirmed they are the winning bidder. "Our family is thrilled to have the opportunity to reestablish these iconic brands with new creative marketing ideas and renewed sales efforts and investment," said Metropoulos. "We look forward to having America's favorite snacks back on the shelf by this summer. We are also ecstatic to bring jobs back to many cities across the country." The bankruptcy court had been set to have an...
  • After Bankrupting Hostess, Union Workers Rake In The Federal Dough

    02/24/2013 3:07:38 PM PST · by george76 · 25 replies
    Labor: Who says intransigence doesn't pay? After driving Hostess out of business by refusing to negotiate, union bakers have been rewarded by the White House with Trade Adjustment Assistance. It's all the foreigners' fault. Politics: Who says intransigence doesn't pay? After driving Hostess out of business by refusing to negotiate, the White House has decided to reward the union bakers with Trade Adjustment Assistence, blaming foreigners. What a sweet deal. ... the AFL-CIO-affiliated Bakery, Confectionery, Tobacco Workers & Grain Millers International (BCTGM). It refused to deal, taking the entire company, including fellow workers, down with it. Turns out the union...
  • Hostess Brands confirms investment firms' $410 million offer is lead bid for Twinkies...

    02/01/2013 1:33:48 PM PST · by Red Badger · 30 replies
    http://www.dallasnews.com ^ | 30 Jan 2013 | Staff
    NEW YORK — Hostess has picked a lead bidder for its famous Twinkies. The bankrupt Irving company said late Wednesday that it has selected a joint offer from two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management LLC — as the lead bid for its Twinkies and other snack cakes. Hostess says the two are offering to pay $410 million for the snack-cake business and five bakeries. The "stalking horse" bid would set the floor for an auction process that lets competitors make better offers. A judge would have to approve any final sale. After years...
  • Hostess Strikes Deal to Sell Wonderbread, Fate of Twinkies Not Yet Settled

    01/12/2013 5:11:15 PM PST · by 2ndDivisionVet · 19 replies
    ABC News ^ | January 12, 2013 | Alyssa Newcomb
    The iconic Wonderbread, once in jeopardy after Hostess declared bankruptcy, seems likely to return to store shelves under a new brand. A $390 million bid from Flower Foods Inc., for six of the Twinkie maker’s bread brands, was the leading bid on Friday. Flower Foods, which is based in Thomasville, Ga., is best known for making Tastykakes, which are cream filled chocolate cupcakes. The company also makes breads, including Nature’s Own and Cobblestone Mill. Higher competing bids can still be made before the final deal is approved in bankruptcy court. Flower Foods made a $360 million bid for Wonder Bread,...
  • Planned Layoffs in US Firms Surge To 3-Month High, And Bloodbath May Not Be Over

    12/30/2012 1:08:11 PM PST · by SeekAndFind · 52 replies
    Reuters via AOL ^ | 12/30/2012
    Planned layoffs at U.S. firms rose for the third month in a row in November, partly driven by the bankruptcy of Hostess Brands, a report showed on Thursday. Employers announced 57,081 job cuts last month, the highest level since May and up nearly 20 percent from 47,724 in October, according to the report from consultants Challenger, Gray & Christmas, Inc. November's job cuts were also up 34.4 percent from the 42,474 seen a year ago. Employers have announced 490,806 cuts in 2012, lower than 2011's total of 606,082 layoffs. The recent surge in layoffs is at least partly attributed to...
  • Report: Walmart, Kroger among bidders for Hostess brands

    12/14/2012 11:50:28 AM PST · by 2ndDivisionVet · 21 replies
    WLS-AM ^ | December 14, 2012
    Who's looking to snatch up Hostess Brands following the company's plans to liquidate? According to Bloomberg, Walmart and Kroger are among the two dozen bidders interested in the maker of Twinkies, Ho Hos and Wonder Bread. Citing a person familiar with the matter, Bloomberg reports the two companies, along with Grupo Bimbo and Alpha Baking, have placed bids on Hostess' assets. The source says some of the bids are for all of the assets, while others are just for the cakes or breads businesses. Some bidders, meanwhile, are only seeking to acquire Hostess' plants. Should the liquidation sale go through,...
  • Crystal Sugar workers reject contract 4th time

    12/03/2012 5:25:55 AM PST · by TurboZamboni · 39 replies
    Bismarck Tribune ^ | 12-2-12 | ap
    FARGO, N.D. — Their ranks thinned by a 16-month lockout, American Crystal Sugar Co. workers on Saturday rejected a contract for the fourth time. Contract opponents say the sugar beet processor’s five-year contract offer would cut health care benefits and weaken job security and seniority protections. The company says the offer would raise worker pay by 17 percent over five years when a $2,000 signing bonus is taken into account. Leaders of the Bakery, Confectionery, Tobacco Workers and Grain Millers International union said in a news release that the workers voted 55 percent to reject management’s contract offer. “By now...
  • Hostess says it has over 100 interested buyers

    11/29/2012 8:18:43 PM PST · by 2ndDivisionVet · 40 replies
    New York - Hostess Brands got final approval for its wind-down plans in bankruptcy court Thursday, setting the stage for its roster of snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out. The company said in court that it's in talks with 110 potential buyers for its iconic brands, which also include Ding Dongs and Ho Hos. The suitors include at least five national retailers, such as supermarkets, according to a financial adviser for the company. The process has been "so fast and furious," Hostess hasn't been able to make...
  • Selective Thoughts

    11/26/2012 4:03:05 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | November 26, 2012 | Bruce Bialosky
    Five years ago while driving my son Sam to The University of Kansas, we stopped to get gas off the I-70 in the western part of the state. There was a rather large market adjacent to the gas pumps which we entered to buy some drinks. There was a massive display of Hostess products. The entire family of delicious treats was on there – Twinkies, Cupcakes, Ding-Dongs, Fruits Pies and Snowballs. I knew I was no longer in California as I never see them in health-obsessed Los Angeles. Now they will all be gone unless someone buys them out of...
  • Hostess’s pension liabilities

    11/26/2012 7:29:33 AM PST · by ExxonPatrolUs · 8 replies
    Overlawyered ^ | NOVEMBER 21, 2012 | WALTER OLSON
    Some of the company’s $2 billion in unfunded liabilities could get dumped on the federally sponsored Pension Benefit Guaranty Corporation (PBGC), raising premiums for the many solvent companies that are obliged to participate. Worse yet, a lot of Hostess’s liability is to union “multiemployer” plans, which under a peculiarly onerous federal law follow a “last-man-standing” rule of liability under which companies still operating are made to pick up the obligations of those no longer in business. David Kaplan at Fortune quotes a Credit Suisse report to the effect that multiemployer plans “are now underfunded by $369 billion.” [Ivan Osorio, CEI]
  • Poor management, not union intransigence, killed Hostess.

    11/25/2012 7:35:33 AM PST · by SeekAndFind · 120 replies
    Los Angeles Times ^ | 11/25/2012 | Michael Hiltzik
    Let's get a few things clear. Hostess didn't fail for any of the reasons you've been fed. It didn't fail because Americans demanded more healthful food than its Twinkies and Ho-Hos snack cakes. It didn't fail because its unions wanted it to die. It failed because the people that ran it had no idea what they were doing. Every other excuse is just an attempt by the guilty to blame someone else. Take the notion that Hostess was out of step with America's healthful-food craze. You'd almost think that Hostess failed because it didn't convert its product line into one...
  • What the media won’t tell us about the union that killed Hostess

    11/23/2012 7:41:00 AM PST · by jmaroneps37 · 20 replies
    coachisright.com ^ | Nov. 23, 2012 | Kevin "Coach" Collins
    The fake “reporters and journalists” we are forced to put up with have destroyed our sacred freedom of the press. Their lies and half-truths lead trusting readers to only the conclusions they want Americans to reach. The truth about the Bakery, Confectionary, Tobacco Workers & Grain Millers Union (BCTW&GMU) is a good example of the kind of information the fake media hides from us. The leadership of the BCTW&GMU is a gang of greedy crooks who are only concerned with filling up the trough they push their snouts into. That trough is constantly refilled with the dues money of workers...
  • Shame On The Gluttonous Bakery Union Members, Blasted Twinkie Killers

    11/23/2012 6:13:32 AM PST · by SeekAndFind · 30 replies
    Forbes ^ | 11/22/2012 | Dr. Mark Hendrickson Grove City College
    Drat! I’m bummed—saddened by the news that the Hostess company, home of the Twinkie and other venerable sugary snacks, is shutting down. I’ll bet I haven’t eaten more than three or four Twinkies in the last 30 years, so the demise of Hostess doesn’t adversely impact my lifestyle. It’s just that, for baby boomers like me, the Twinkie has historic significance in popular culture. Being a kid in the ‘50s meant watching “The Mickey Mouse Club” and “The Lone Ranger” and snacking on Twinkies and Tootsie Rolls. Twinkies were as American as baseball. Now the company that makes them is...
  • The United States of Twinkies

    11/21/2012 6:44:08 AM PST · by morethanright · 6 replies
    Tea Party Tribune ^ | 2012-11-20 17:11:21 | mrcurmudgeon
    By Mr. Curmudgeon:Nothing in my youth was more ubiquitous than Wonder Bread, Twinkies and the Hostess chocolate cupcake with its signature white frosting swirl on top. These cultural icons will soon go the way of the Dodo Bird thanks to Americas' contracting economy and union entitlements. According to the Teamsters Union, which represents 6,700 Hostess workers, the company demanded a 30% cut in worker's wages and benefits. The union responded by telling their members to strike."... We do not have the financial resources to weather an extended nationwide strike," said Hostess Chief Executive Gregory Rayburn in a statement released to...
  • Goodbye Hostess (15,000 jobs lost today not due to Sandy)

    11/21/2012 1:55:29 PM PST · by Perdogg · 28 replies
    Everyone loses: •HOSTESS JUDGE APPROVES MOTION TO WIND DOWN COMPANY•HOSTESS WINS APPROVAL TO CLOSE AND BEGIN SELLING ASSETS Next up: the Twinkie economy. Fom Leveraged Loan: U.S. Bankruptcy Judge Robert Drain this afternoon approved Hostess Brands’ emergency wind-down plan, as well as an amendment to its debtor-in-possession credit agreement that will allow Hostess to access the full amount of its $75 million DIP loan during its liquidation. Drain also denied a motion filed by the U.S. Trustee to convert the case to Chapter 7, though he did not rule out the prospect of a conversion at a later date. Hostess...
  • Twinkies—A Defense: The real battle at the snack maker is union vs. union.

    11/21/2012 9:37:20 AM PST · by SeekAndFind · 5 replies
    Wall Street Journal ^ | 11/21/2012 | Holman Jenkins
    A corporate bankruptcy is a paper death. The underlying assets live on. Killers of paper structures, in this light, are devalued villains, but a cry has gone up to identify the villain behind the pending liquidation of Hostess Brands, maker of Twinkies, Devil Dogs, Wonder Bread and other déclassé delights. Everyone knows the answer: It was the bakers—i.e., the branch of the AFL-CIO formally known as the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The bakers are guilty of a perfectly justifiable attempted homicide. Don't believe any guff about how chubby Americans are gnawing on carrot sticks. Forget...
  • Caption This Photo..

    11/21/2012 8:54:08 AM PST · by Obama_Is_Sabotaging_America · 38 replies
    Obama_Is_Sabotaging_America ^ | November 21, 2012 | Obama_Is_Sabotaging_America
    In the aftermath of the fall of Hostess, I thought it would be appropriate to spotlight America's most prolific Union thug, Richard Trumka. Caption this photo!: Trumka: "Hey you idiot, I'VE got the dibs on that last case of Twinkies."
  • Did Congress kill the Twinkie? The tariff tale behind the Hostess demise.(+video)

    11/19/2012 8:12:59 PM PST · by grundle · 26 replies
    Christian Science Monitor ^ | November 16, 2012 | Patrik Jonsson
    <p>And that, economists say, may come down to one sweet little word: sugar.</p> <p>Since 1934, Congress has supported tariffs that benefit primarily a few handful of powerful Florida families while forcing US confectioners to pay nearly twice the global market price for sugar.</p>
  • Hostess Mediation Fails, Liquidation To Proceed; Furious Laid Off Workers Now Turn On Labor Union

    11/20/2012 7:49:57 PM PST · by Nachum · 177 replies
    Zero Hedge ^ | 11/20/12 | Tyler Durden
    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...
  • Mediation between Hostess and bakery union fails

    11/20/2012 7:01:36 PM PST · by Jean S · 55 replies
    AP ^ | 11/20/12
    Hostess Brands Inc. lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can shutter its operations. The renewed talks between Hostess and The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union came after the company declared last week that it would move to wind down its business and start selling off its assets in bankruptcy court. The company...
  • (Video) Union Dupes to Ship Their own Jobs to Mexico

    11/20/2012 5:55:56 PM PST · by publius321 · 5 replies
    It will be ironic but fitting if the rights to the Twinkie and other treats end up being bought by Mexican bakery El Grupo Bimbo through bankruptcy liquidation. Growing up in Pittsburgh, union people are the greediest,entitlement minded people I have known in my lifetime. The only EXCEPTIONS I have personally known just happen to HATE being in the union and despise the lazy idiots more than anyone... (video) The union people who are actually WORTH the money they are paid - resent - that they have to pick up the slack for the idiots!
  • Hostess Plans to Liquidate After Mediation Fails

    11/20/2012 4:46:44 PM PST · by jimbo123 · 81 replies
    Wall Street Journal ^ | 11/20/12 | JULIE JARGON And RACHEL FEINTZEIG
    Hostess Brands Inc. said Tuesday night that mediation talks with its bakers union failed and the company will proceed with plans to close down and sell its assets.
  • Killing The Goose (Sowell on Unions)

    11/19/2012 10:51:01 AM PST · by jazusamo · 52 replies
    Creators Syndicate ^ | November 20, 2012 | Thomas Sowell
    Killing the goose that lays the golden egg is one of those old fairy tales for children which has a heavy message that a lot of adults should listen to. The labor unions which have driven the makers of Twinkies into bankruptcy, potentially destroying 18,500 jobs, could have learned a lot from that old children's fairy tale. Many people think of labor unions as organizations to benefit workers, and think of employers who are opposed to unions as just people who don't want to pay their employees more money. But some employers have made it a point to pay their...
  • Judge Suggests Mediation to Save Hostess; Sides Agree to Talk.

    11/19/2012 12:12:42 PM PST · by Perdogg · 62 replies
    Dow Jones is reporting that a bankruptcy judge is urging mediation to save Hostess from liquidation. WSJ will have more to come as it comes out of the courtroom. Here’s an update from bankruptcy reporters Jacqueline Palank and Rachel Feintzeig A bankruptcy judge Monday asked whether he should preside over mediation between Hostess Brands Inc. and its striking union to avoid pulling the plug on the baker of Ho Hos, Twinkies and Wonder Bread.
  • Twinkies May Find Buyer, Hostess CEO Says (Several expressions of interest on the table)

    11/19/2012 2:54:48 PM PST · by SeekAndFind · 18 replies
    ABC News ^ | 11/18/2012 | Linsey Davis and Taylor Behrendt
    Hostess Brands, the maker of the iconic Twinkies snack cakes, may find a buyer when it heads to bankruptcy court today to liquidate the 82-year-old company, the company’s CEO says. “I think we’ll find buyers,” CEO Gregory F. Rayburn told ABC News on Sunday. ”A few have surfaced already since Friday expressing interest in the brand to acquire them.” Con Agra and Flowers Foods are among the companies that have expressed interest in Hostess, but Mexican company El Grupo Bimbo may have an edge, the Christian Science Monitor reported Saturday. Grupo Bimbo, headed by Mexican billionaire Daniel Servitje Montull, is...
  • Can Mitt Romney Save Hostess?

    11/19/2012 1:19:44 PM PST · by drewh · 57 replies
    Long Island Poltics ^ | Fri, Nov 16, 2012
    Could Mitt Romney save Hostess? Like him or not, if you have ever shopped at a Staples and/or Sports Authority, you have Mitt Romney and his Bain Capital buddies to thank. And now that Mr. Romney is not running — well anything, maybe he can shift his energy towards an endeavor greater than saving the nation from the “looming fiscal cliff” … and rescue my favorite cakes from extinction. Sure President Obama may have saved the auto-industry, but bring back Ho Ho’s, Sno-Balls and Wonder Bread and Virginia, Minnesota & Michigan become easy wins in the next presidential election. Wanna...
  • Giving the Economy What it Doesn't Deserve

    11/19/2012 12:48:57 PM PST · by jfd1776 · 4 replies
    Illinois Review ^ | November 19, 2012 A.D. | John F. Di Leo
    It is said that people get the government they deserve. As the election of 2012 proves, this is woefully inaccurate in politics, because even if those who consciously voted for the destructive Democratic Party do deserve it, those who wisely voted against it certainly do not. The same saying is often said of the economy, particularly when something disastrous happens – a large-scale layoff, a manufacturer fleeing burdensome taxes or regulations for the welcoming shores of China or India, a company collapsing under the weight of an unreasonable union. But there too, the saying is inaccurate. Even if some deserve...
  • Sarasota Firm Intends To Bid For Hostess, Twinkies Brands

    11/19/2012 12:18:27 PM PST · by 2ndDivisionVet · 23 replies
    Patch ^ | November 19, 2012 | Charles Schelle
    A Sarasota company may be to thank for saving Twinkies. Hurst Capital, LLLP on Monday filed a letter of intent to acquire the assets of Hostess Brands Inc. with the United States Bankruptcy Court in the Southern District of New York becoming the latest company to step forward to save Twinkies from extinction. "Hostess has over the past 80 years created several of the most recognizable and powerful brands in the United States,” said Hurst Capital, LLLP Managing General Partner Austin Hurst in a statement. "They have undeniable value and when combined with the other existing assets of the company...
  • The Free Market Killed Hostess, And That’s A Good Thing

    11/19/2012 11:01:40 AM PST · by GSWarrior · 46 replies
    OutsideTheBeltway.com ^ | 11/16/12 | DOUG MATACONIS
    This morning’s news that Hostess Brands, Inc. was shutting its doors after 82 years of operation (originally under the name International Bakeries Corporation) has elicited a lot of commentary from various sources. Culturally, I’m seeing a lot of people lament the fact that some of their favorite brands of snack food or bread — from Twinkies to Ho-Hos to Wonder Bread to Beefsteak Rye Bread — will no longer be available. Politically, there’s been a definite theme on the right blaming the Baker’s Union for the company’s collapse since they would not agree to a modification of their contract notwithstanding...
  • Hostess Bankruptcy: What Role Did Policy Play?

    The demise of Hostess and Twinkies is not a national emergency, but it is certainly sad when a major business goes under and thousands of people lose their jobs. If federal and state policymakers want to play a useful role here, they should study why Hostess couldn’t make a go of it. Were there tax or regulatory factors that stood in the way of the company earning a decent rate of return?Unions were an important factor that pushed up the firm’s costs and reduced its operational efficiency. The policy reform here is obvious for people who appreciate market economics: repeal America’s coercive union laws. If policymakers don’t kill so-called collective bargaining,...
  • The Parasite That Kills Its Hostess

    11/19/2012 6:52:23 AM PST · by SeekAndFind · 29 replies
    RCM ^ | 11/18/2012 | Robert Tracinski
    The news about the bankruptcy of Hostess, maker of the Twinkie and other legendary junk foods, touched off some memories of growing up in a mid-sized Midwestern town in the 1970s and '80s. No, not that kind of memory, though come to think of it, the 1980s was the last time I actually ate a Hostess snack. What I'm recalling has a lot less nostalgic charm: the whole phenomenon of a kamikaze labor union that keeps demanding more for workers--who end up getting nothing when their employer goes belly-up. That's pretty much what the unions did, or tried to do,...
  • (Video) Hostess Twinkie Fate a Portent Marxist Life to Come

    11/18/2012 4:14:40 PM PST · by publius321 · 17 replies
    Union plague devours another company and more jobs. Wait until the kids and single women who re-elected our would-be despot experience how the misery of Marxism actually affects their lifestyles... (video linked)
  • Manhandling Hostess, Big Labor Costs 18,500 Workers Their Jobs

    11/18/2012 2:02:15 PM PST · by IBD editorial writer · 45 replies
    Investor's Business Daily ^ | 17 Nov 2012 | Editorial
    Politics: Union intransigence and unrealistic expectations at Hostess Brands have forced the bakery to shut its doors permanently and throw 18,500 people out of work. So much for Big Labor caring about the little guy. A down economy and two restructurings in three years left Hostess, maker of Twinkies and Sno Balls, in dire fiscal straits. The company warned its workers, union and nonunion, to make concessions or everyone would go down in a liquidation. Instead, one union, the AFL-CIO-affiliated Bakery, Confectionery, Tobacco Workers and Grain Millers International (BCTGM), imagined the company was bluffing and went on strike.
  • A Labor Victory over Hostess (satire)

    11/18/2012 12:07:12 PM PST · by GeronL · 14 replies
    Associated Posers ^ | 11-18-2012 | geronl
    RADIO TRANSCRIPT. Joe Label has bakers' union boss Frank Hurt on the show HOST: "Welcome back to Union Talk Radio, I'm your host Joe Label, our guest this hour is Bakery, Confectionary, Tobacco and Grain Millers Union President Frank Hurt. First I want to congratulate you guys are a major victory this week, taking down Hostess all the way to liqudation! Brilliant job" FRANK HURT: "Thank you Joe, yes, it was a magnificient victory indeed for the workers of this country. A great victory for organized labor! A god day for America and our future." HOST: "What does the demise...
  • Hostess Creme Filling Recipe (Don't Panic!)

    11/18/2012 8:08:41 AM PST · by Nachum · 23 replies
    Top Secret Recipes ^ | 11/18/12 | http://www.topsecretrecipes.com/Hostess-Twinkie-Creme-Filling-Recipe.html
    The Recipe is at the site. Also a link for the Twinkie cake recipe. If you got to have your Twinkie fix, this link is dedicated to you. Don't Panic! 2 Teaspoons very hot water Rounded 1/4 teaspoon salt 2 cups marshmallow cream (1 7-oz jar) 1/2 cup shortening 1/3 cup powdered sugar 1/2 teaspoon vanilla
  • I Went To Buy Some Ho Ho's, But They Were Gone.

    11/18/2012 7:51:43 AM PST · by jdsteel · 58 replies
    Free Republic Original Content (Vanity) | 11/18/12 | jdsteel
    I went to buy some Ho Ho’s but they were gone, and so was a part of America. When I heard that Hostess was declaring bankruptcy it made me sad. Probably not as sad at the 18,000 people that used to work for them but it did affect me. Oh, I knew that I was partly to blame. When I was a child I would gobble down Ho Ho’s and chocolate cupcakes with abandon. I could burn through a half of a box of Ho Ho’s and a half gallon of Vitamin D milk in about 15 minutes. My elementary...