guess the RAT unions never heard of a pyrrhic victory...
Posted on 11/17/2012 5:17:52 PM PST by nickcarraway
Yes the Twinkie and the Ho Ho may not be available for snacking, but there are people who lost their jobs when Hostess closed its doors.
The bankruptcy of Hostess Brands Inc. made headlines across social media and news websites Friday as people across the country mourned the loss of the Twinkie.
But the news means more than a loss of a snack food option for 145 people who work at the Oakland bakery and numerous retail outlets around the Bay Area.
They are loosing their jobs because of the shut down.
The company, known for its Twinkies, Ho Hos and Wonder Bread announced Friday morning that it is shutting down operations and has filed a motion in U.S. Bankruptcy Court seeking permission to sell its brands and facilities.
Company officials blamed the decision on a recent strike by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.
"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," CEO Gregory F. Rayburn said.
"Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders."
Local union officials were not immediately available for comment. The Colombo bakery at 580 Julie Ann Way in Oakland, a facility with around 145 employees, closed Friday, according to Hostess spokeswoman Anita Marie Laurie.
A voicemail recording at the bakery today directs employees not to come in to work. Hostess also has retail outlets around the Bay Area, in cities including San Pablo, San Leandro, Vallejo, Pittsburg, Dublin, Santa Rosa, Santa Clara and San Jose.
A statement on the company's web site indicates that retail stores may stay open for "several days" in order to sell already-baked products. The shutdown will affect 33 bakeries, 565 distribution centers, 5,500 delivery routes and 570 bakery outlets nationwide.
I’m surprised the SEC hasn’t made their move into North Carolina/Virgina/DC market.....NC State and Va Tech I think would be a good fit for the SEC.
Oops, wrong thread. (Darn multi-tab browsers).
guess the RAT unions never heard of a pyrrhic victory...
The BLS (Bureau of Lying Statistics) does not officially recognize the “ripple effect”. Since these people were not employees of Hostess, they will not be counted as “unemployed”. Like millions of others, these “neverland” people simply no longer exist. And how is this possible .... the magic of being the personal political whore (BLS) of the Food Stamp President, that’s how.
Word is that the unions are anxious to “work with” whoever buys the brands.
Are they freaking kidding me?
That’s gonna be the world’s shortest phone call.
Well, I am watching a football game, so your post isn’t SO out of place, lol.
Sic ‘em Bears!! ;)
And a Mexican Coke featuring cane sugar in a glass bottle.
Many supermarkets are handling them now.
Some small stores sell them around here. :)
If this was such an unreasonable move by company management, the union should become the “highest bidder” and buy the company’s assets, and take their own deal with their members. Actually, the union’s pension plan would easily have the money. What could go wrong? (s)
Ko-ka-Kolla
Yep, becoming more and more available.
Do they feature cane sugar, do you know?
They were offered 25% of the company in exchange for a short-term paycut of 8% (they would get half that back within a few years under the deal)
This is what they rejected.
That union’s boss makes more than $210,000 a year
I think the US is probably alone or close to it in corn syrup in soda.
I can’t read the smaller words under Ko-ka-kol-la... dong lok sang something... which means company something or other.
lolz
How many of those previously union folks will even apply for a non-union job?
None. They’ll be applying for a part time job at multiple temp agencies
Yep..trickle down poverty courtesy of greedy unions.
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