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Hostess to liquidate if bakers' strike continues through Thursday (18,000 jobs)
cnn money ^ | 11/14/2012 | By James O'Toole

Posted on 11/14/2012 4:45:23 PM PST by tobyhill

Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday.

"We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement.

The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The bakers' union represents around 5,000.

The union did not immediately respond to a request for comment Wednesday, but has called the concessions demanded in the new contract "outrageous."

"Our members are on strike because they have had enough," bakers' union president Frank Hurt said in a statement Tuesday. "They are not willing to take draconian wage and benefit cuts on top of the significant concessions they made in 2004 and give up their pension so that the Wall Street vulture capitalists in control of this company can walk away with millions of dollars."

(Excerpt) Read more at money.cnn.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: bakery; bankruptcy; classenvy; classwarfare; dingdongs; failure; frankhurt; gregrayburn; hostess; hostessbrands; jobs; layoffs; liquidation; marxism; obama; obamanomics; recovery; strike; stuckonstupid; twinkies; union; unions; unionthugs
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To: tobyhill
"They are not willing to take draconian wage and benefit cuts on top of the significant concessions they made in 2004 and give up their pension so that the Wall Street vulture capitalists in control of this company can walk away with millions of dollars."

No problem. I'm sure these people will be able to find the nearest welfare office easily enough. I hear one can eat pretty well on those food stamps.

Because of Oboma today, these people should be grateful they have jobs. If they lose them, they have no one to blame but themselves for being so greedy and self oriented.

201 posted on 11/15/2012 8:31:59 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Roklok
The employees believed the union leadership and were stunned when the company closed its doors and went out of business.

Same thing with A&P foods. The place was huge. There must have been at least a thousand people working there with a 24 hour production line.
The union wouldn't budge. They wanted more, more, more. One night, the trucks pulled up at the loading docks and starting hauling out the equipment.
Last I knew, the building had been torn down and a restaurant built in the empty space.

202 posted on 11/15/2012 8:46:38 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: sickoflibs; DoughtyOne; GOPsterinMA; fieldmarshaldj; Perdogg; Clintonfatigued; NFHale

Hopefully for twinkie and ding dong lovers someone will buy them out and keep making the stuff.

I like the cupcakes myself.

Union dogs.


203 posted on 11/16/2012 12:14:09 AM PST by Impy (Boehner for President - 2013)
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To: Impy

I’ve eaten these things over the years, but I’ve never been an ongoing customer.

I do consider the products to be an aspect of Americana, and that’s something I would step in to preserve if there was any way possible.

It could be as easy as putting two parties together, but I do think we should try to make sure some things remain a part of the national fabric.


204 posted on 11/16/2012 1:35:12 AM PST by DoughtyOne (Hurricane Sandy..., a week later and 48 million Americans still didn't have power.)
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To: Political Junkie Too
How long before Obama declares the Twinky a national treasure,

Too creme-filled to fail?

205 posted on 11/16/2012 2:05:05 AM PST by P.O.E. (Pray for America)
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To: Arthurio

“Vulture Capitalists” indeed.

Reading a great book right now called “Freedom’s Forge” about the industrial buildup prior to and into WWII, and one of the biggest obstacles to industrial growth were the New Dealers, and...unions. And they practiced the same class warfare back then that they do today.

There was a nation-wide railway strike by the railway union scheduled for December 7th, 1941. Well, even pig eyed Marxist liberals saw there might have been something wrong with going through with that.

All through the war, they dealt with union strikes of all kinds while men were fighting and dying overseas. I hate all unions with a white-hot passion.

Note that I don’t “hate” union members in general, I realize many of them have to belong to work in various areas. But I hate the concept, the organizers, and the fever-faced, glassy-eyed, spittle-lipped drones who buy into it wholesale.


206 posted on 11/16/2012 4:10:19 AM PST by rlmorel (1793 French Jacobins and 2012 American kLiberals have a lot in common.)
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To: dfwgator

Child of the 80s here (born in ‘73). Weird Al was one of my favorites growing up. His ‘Amish Paradise’ still cracks me up, especially since we live in an area with a lot of Amish families.


207 posted on 11/16/2012 6:06:13 AM PST by Hoosier Catholic Momma (How long till my Arkansas drawl fades into the twang of southeast Ohio?)
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To: GeronL

Thank you! We have been blessed that she is a pretty good kid naturally. She’s well-behaved in school (she’s on A/B honor roll every time) and is excellent with kids of all ages. She volunteered to babysit her siblings (ages 10, 8, and 5) for a while this evening while her dad and I go out for dinner. It’s his 40th birthday today! LOL (he’s a FReeper, BTW)


208 posted on 11/16/2012 6:10:38 AM PST by Hoosier Catholic Momma (How long till my Arkansas drawl fades into the twang of southeast Ohio?)
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To: carriage_hill

My daughter and I were walking through a parking lot in a remote part of Wisconsin this summer. We walked by a car with a bumper sticker that said: UNIONS = JOBS. Reflexively, I turned to my also conservative daughter and said, “NOT!!” and we laughed. Immediately thereafter, a man about 15 yards away- very far enough away to not be a part of our conversation- and yelled “my grandfather was a union steward who created many jobs in his town and how Scott Walker is this and that..” It, of course was his car. It was then I understood the term ‘union thug’ because I know if I had been a man, he probably would have punched my lights out!


209 posted on 11/16/2012 6:16:47 AM PST by madameguinot (UNIONS = JOBS: NULL SET)
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To: GeronL

I ‘wonder’ what the price of the Twinkie brand/recipe will be?............


210 posted on 11/16/2012 6:43:14 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Ciexyz

might be a little cheaper at the bread store i dont know


211 posted on 11/16/2012 6:44:58 AM PST by markman46 (engage brain before using keyboard!!!)
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To: P.O.E.

Twinkies are gross they taste like a chemical. All that crap they make is gross.


212 posted on 11/16/2012 6:48:27 AM PST by angcat
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To: tobyhill
Ford built the middle class, unions destroyed it. Ask the people in Flint MI.

Hey unions - purchase Hostess and run it anyway you want Let's see if union work rules expand or contract and you keep championing regulations, green energy, higher business taxes, tariffs, and so on. Show us how its done all of you useful idiots.

213 posted on 11/16/2012 7:07:56 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: Arthurio

Well the union members wanted 0bama re elected, they got what they wanted, AND ALL THAT GOES WITH IT!! Karma! Also what are the libs and hipsters gonna do when they get stoned and get the urge to pig out on fried Twinkies?


214 posted on 11/16/2012 7:55:42 AM PST by Impala64ssa (You call me an islamophobe like it's a bad thing.)
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To: tobyhill
Looks like the union killed another 18,000 jobs. The baker's union didn't meet the deadline, so Hostess if filing for liquidation:

http://www.bizjournals.com/dallas/blog/morning_call/2012/11/hostess-brands-says-its-closing-down.html

215 posted on 11/16/2012 8:13:18 AM PST by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: Impy

Will never forget the big guy in “The Deer Hunter”, dipping his twinkies in mustard.


216 posted on 11/16/2012 8:45:46 AM PST by NKP_Vet
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To: everyone


How's that "Forward" working out?

Please Support Free Republic Today!

217 posted on 11/16/2012 11:04:23 AM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: tobyhill

Twinkies, tasty fresh.
But those left in the glove box
Abide forever...


218 posted on 11/16/2012 12:31:40 PM PST by mikrofon (Hostess CLOSED? The Haiku say!)
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To: tobyhill
Taliban LIVES!

Ding Dongs DIED!

219 posted on 11/16/2012 7:12:20 PM PST by jaz.357 ( *Luke 6:43-45* Twas Ever Thus!)
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