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 ...
About to pop open a Bluebird Bakeries banana pudding cupcake and cry some crocodile tears for the bakers union. Bluebird Bakeries is out of Georgia, a right to work state
Sadly it’s the only way to stop Obamacare costs for most companies .
That are trying to survive and compete on the world stage .
Hostess has a right to survive and leave if the Marxists union fools imare trying to destroy them .
I was on a jury for a month, and the guy who proffered that defense was part of the defense team. The whole jury thought he was full of s***...
I’m would love to see Little Debbie buy their factories and brand names at dirt cheap prices and put the non-union workers back on line.
The union greed is over.
I see em on the shelf. I figured somebody must like those orange cupcakes. Wow, had one once and that was enough. You are supposed to eat the chocolate ones. In fact.....
I'm heading to the store right now!
Wonder Bread is a reasonably-priced bread. Affordable for those on a budget.
First thing that came to my mind, too.
Obamanation Communism File.
I agree. Unless these brands are so old, as I am, that they can’t sell to anyone anymore. I don’t eat sweets, or cookies, etc. so I don’t know if they are even still in grocery stores.
Clearly on an aisle I don’t go down. I’d imagine along with breakfast stuff, syrup, etc. Not in the “snack” aisle at the stores I go to.
"What about the Twinkee?"
Unions are typical Democrats - even during tough times, they want to be fully insulated from the pain and are willing to totally screw themselves and others to vote their "principles".
Isn’t unemployment a “draconian wage and benefit cut” enough for these people?
Affordable? It’s $2.69 a loaf out here, and never goes on sale cheaper than two bucks. I can buy a 20oz loaf from Aldi for $.79, and it isn’t stuffed with HFCS.
Ho Ho Ho HO HO
Any worker who goes on strike deserves to loose their job and have it filed by someone who wants to work. They can re-apply after the strike is over, but be put at the bottom of the pile.
-PJ
They should have moved their bakeries, not just their headquarters to Irving TX
The dumb ass union won’t believe the company about liquidation, and they will be without a job. Happened in Carlisle Pa a few years ago with Fruehauf Corp. They built Tractor Trailers. The employees believed the union leadership and were stunned when the company closed its doors and went out of business.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.