Posted on 11/16/2012 8:17:04 AM PST by radar101
Hostess Brands is seeking to liquidate. Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and firing about 18,000 workers as it seeks to liquidate the 82-year-old business.
The company, which filed for Chapter 11 in January, said it has requested bankruptcy-court authorization to close the business and sell its assets.
A victim of changing consumer tastes, high commodity costs and, most importantly, strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union.
The work stoppage, launched Nov. 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers Union to protest a fresh labor contract, affected about two-thirds of Hostess's 36 plants. The striking workers, which number in the thousands Hostess said in court filings on Friday, were making it impossible for the Irving, Tex., company to continue producing its baked goods, Chief Executive Gregory Rayburn said.
(Excerpt) Read more at online.wsj.com ...
And what says the MSM during all of this?
(sound of crickets)
:: Hostess ultimately was brought to its knees by a national strike ::
WSJ (indignantly): “What do you mean we are biased toward unions?”
How long before Obama gets involved ?
Yup, the union winds....and the union members who has jobs are now unemployed....gotta love the employees greed....
"...you took my TWINKIEEEEESS"
“Union Man” by The Cate Brothers
Well, it’s six a.m.
I’m out on the job
Working like a fool
For my pay
A big man walks by
With a smile
Says you got to go
On strike today
Hey, hey, Mr. union man
How am I gonna pay my dues
Or the landlord or the doctor
How am I getting new shoes
Well, I know I need
To help to get that raise
There’s one thing I don’t like
Tell me how can I
Feed my hungry family
I you say I’m going on strike
[ Lyrics from: http://www.lyricsmode.com/lyrics/c/cate_brothers/union_man.html ]
Hey, hey, Mr. union man
How am I gonna pay my dues
Owe more money than I can pay
Looks like I’m bound to lose
Well, I don’t see how
I’m going to get ahead
Seem like there ain’t no way
Well, said don’t worry
Cause I understand
Won’t you try to
See things my way
Hey, hey, Mr. union man
Thank you for the helping hand
Hey, hey, Mr. union man
So glad you understand
http://www.youtube.com/watch?v=eWgxoWTjtuc
I 'wonder' if he is a relative of Sam Rayburn, Democrat, longtime Speaker of the US House of Representatives who was also from Texas?................
Obamanomics:better to take a 100% pay cut than an 8% pay cut
Unemployed and eligible for 99+ weeks of unemployment checks.
Morons! You killed your golden goose, or at least you followed your union lead to kill it. Nice job you idiots and now you have no jobs. Is the union going to make up for those lost wages each week? Is the union going to buy you all Christmas? Good luck with that.
And now we can’t even depend on Twinkies during the Zombie Apocalypse. ;(
Absolutely right. Without a government check to look forward to they might have actually thought a job was a good thing to hold on to.
Reminds me of when BAMA Pie quit making their small cookie sized pies years ago. There was shock among the working men that they could not get a pecan pie from the machine anymore.
Wonder if LITTLE DEBBIE’s directors are meeting on how to take over the HOSTESS market niche.
I, for one, am hoping Little Debbie digs deep and becomes Big Debbie.
What horrible timing, two states vote to legalize marijuana and they throw in the towel now?
hey BO...you own this!!
Little Debbie is probably already in negotiations this morning to acquire the Hostess name and trademarks then move production to right-to-work states, pay a decent wage and get back to making a killing.
On the other hand I bet Moochele has a smile on her face and is skipping around the WH today...
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