Posted on 11/16/2012 5:13:37 AM PST by Sub-Driver
The Demise Of The Twinkie: Hostess Files Motion To Liquidate
By Tom Gara
And thats that: Hostess Brands, maker of Twinkies, Wonder Bread and more, announced this morning it has filed a motion with bankruptcy court to start liquidating the company immediately. A huge number of jobs are soon to be lost.
Hostess Brands will move promptly to lay off most of its 18,500-member workforce, said CEO Gregory F. Rayburn in the statement, and focus on selling its assets to the highest bidders.
In a letter posted on a new site set up to communicate with employees and suppliers through the liquidation process, Mr. Rayburn pinned the blame on its striking union:
Despite everyones considerable efforts to move Hostess out of its restructuring, when we began implementing the Companys last, best and final offer, the Bakers Union chose to stage a crippling strike. This affected Hostess ability to continue to make products and service its customers needs and pushed Hostess into a Wind Down scenario. As a result, we are forced to proceed with an orderly wind down and sale of our operations and assets. We deeply regret taking this action. But we simply cannot continue to operate without the ability to produce or deliver our products.
Theres no way to soften the fact that this will hurt every Hostess Brands employee. All Hostess Brands employees will eventually lose their jobs some sooner than others. Unfortunately, because we are in bankruptcy, there are severe limits on the assistance the Company can offer you at this time.
(Excerpt) Read more at blogs.wsj.com ...
Columbus: I love Sno-Balls.
Tallahassee: I hate coconut. Not the taste, consistency.
Columbus: [eats a Sno-Ball] Fresh.
Tallahassee: [grimly] Oh, this Twinkie thing. It ain't over yet.
Misery enjoys company.
I can give up Twinkies knowing that some percentage of liberals will also lose out.
And this will be replayed again and again, America will shut down, states will secede and parents will remove their children from the liberal schools.
The LGBT can sing and dance that the won a battle and Obama is their spiritual leader, well nothing lasts forever.
War is here, the makers are shutting down, now who you gonna call to complain to?
Ding ding ding... Winner.
I wonder how much collateral damage this will cause.
"They'll never close; they're just bluffing".
The Ding Dongs learned nothing from PATCO.
Heard some union nimrod on the radio stating that the company was asking them to make “excessive” concessions that would result in lower wages and fewer workers... so what do the nimrods have now? No wages and no workers... nice work, idiots. Once you morons start getting hungry, try and get some money from your union bosses.
Either that, or hope that the pencil-necked, limp-wristed Marxist-in-Chief will determine that a Twinkie bail out is required.
I’m 57 and can’t believe this crap, the unions can go to hell...
We thought Twinkies would be the one food still around at TEOTWAWKI, but even Hostess cannot survive Obama.
Atlas just shrugged in yo’ faces, union beyotches!
Showcase example for Republicans. The union rejected the court's bankruptcy decision to let Hostess cut salaries to save the plant and the union went on strike to close their own plant and kill all their own jobs.
They chose welfare and food stamps over jobs.
looks like Litle Debbie Snack Foods will take off anymore. Twinkies, Ho Hos, Ding Dongs are going going soon to be gone. Just look at the names Twinkies, Ho Hos and Ding Dongs - the end of liberalism will ensue soon. Political correctness is on the way out with giving into the ending of the LBGT agenda.
Unforunately in bankruptcy someone might buy the names and product rights but the distribution will never be nationwide.
The demise of the unions is not long. Might be wishful thinking on my part.
Well’ the suppliers to Hostess will probably have to let go of a few employees. And since the will not be paid, there might be an immediate impact n payroll and benefits.
Stupid union dunces.... You really showed them didn’t you?
LOL!
Seems an apt microcosm of the American Public. A smaller amount ruining it for the rest of us.
Obama lied ... Twinkie died.
What good does it do to legalize pot if there won’t be any more Twinkies ? That’s wrong ... that’s just wrong.
Heh heh - you beat me to it! Who is John Galt?
I assume they will sell the brand names and recipes along with the other things they are selling.
In fact, they could sell it all - lock,stock,and barrel - to a single new owner, who could then as XYZ Corp sell Hostess Twinkies, HoHo’s, etc.
And they could have a non-union shop.
It’s such a popular, well-liked brand that that’s what I expect to happen.
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