Hostess employees hope buyers will put them back to work (Yeah right!)

Jacksonville Business Journal ^ | 11/19/2012 | Michael Clinton

[tobyhill]

Former employees of Hostess Brands Inc. are now hoping that a buyer will save pieces of the liquidating company and put them back to work.

Hostess set a 5 p.m. Nov. 15 deadline for workers involved in a union-organized strike to return to work. The company warned that if the ongoing labor strike continued it would force the company into liquidation, and it wasn’t bluffing — having announced plans to liquidate and lay off 18,000 employees.

But now those that are out of work, including nearly 200 in Jacksonville, are hoping that someone will buy the popular Hostess products and reproduce them, the Wall Street Journal reports.

[Triple]

I think the unions that are on strike should buy the company or plants. Let them become an employee owned operation, if current ownership wants to liquidate.

It would be interesting to see union bosses setting policy for the company.

[PapaBear3625]

A buyer is most likely to buy the name and trademark, and produce the stuff in their own plants, rather than buy the Hostess company's plants and machinery. Let's hope they move the production to "right to work" states.

A company which buys the names and trademarks may also buy some of the specialized machinery used to make the products, but that machinery will be moved to their existing facilities in right-to-work states.

An acquiring company would be insane to hire any of the union people whose insane strike doomed the original company.

[Smokin' Joe]

Hopey for changey ended up in outof joby

They hoped, that changed.

Simple enough lesson: Not all change is good.

Pity that didn't sink in a couple of months ago....

[GOPJ]

Yup. The first thing I would want, after sinking millions into a business investment, would be to hire union workers to staff my operation.

Union goons are clueless.

What? They want a chance to bully different owners? Union creeps need to move on... find some new company to destroy. They've done this one.

[Da Coyote]

Were I to be a potential investor, the first question on my checklist is: “Are you planning to rehire ANY union member that voted to strike?”

If yes, I’d tell them to shove it up their smelly union Obamas.

[Morris70]

Step one to getting job back is to move to Mexico.

[Eagle of Liberty]

I think the unions that are on strike should buy the company or plants. Let them become an employee owned operation, if current ownership wants to liquidate.

I agree!! Think your policies can run a business better, Trumka? PROVE IT! Buy the company and run it!

[ArrogantBustard]

Right ... no sane buyer wants any part of the imbeciles whose collective malfeasance put the first owner out of business.

[Iron Munro]

Industrial grade insanity is at work here.

Can you see an astute investor saying:

“Lets buy the Hostess bakery so we can provide employment to the intransigent union workers who drove the original owners into bankruptcy and forced the company to close the business down.”

[Mamzelle]

State?

[ScottinVA]

Why, so your union can poison THAT operation, too??

Uhh, no.

Typical union thinking... “So, what day are the jobs coming back?”

[longtermmemmory]

this is one of the reasons employers are only hiring people WITH jobs. You may not be allowed to ask about being a striking unionista. Thus if a person has a job then they are not a trouble maker. (or the odds favor it)

[Iron Munro]

The article has experts in liquidation saying it could take years to liquidate Hostess’ assets.

The lawyers will do their best to complicate and prolong settlements to divert as much of the intrinsic value to themselves as possible.

[novascotianative]

Cue Phyllis Diller laughing.

[Cheerio]

But now those that are out of work, including nearly 200 in Jacksonville, are hoping that someone will buy the popular Hostess products and reproduce them, the Wall Street Journal reports.

The company liquidated and the union contract has been nullified. IMHO any rehiring of these folk will be on a non-union basis. This is what should have happened to Government Motors, only they would have filed a Chapter 11 reorganization not a Chapter 7 liquidation. After coming out of bankruptcy GM would have shed itself of it's unaffordable union pensions and health care liabilities which had been agreed to without proper planning for the future business model. These handsome benefits were awarded by the big three auto companies under duress when their management sat across the table from the all powerful unions which continuously selected which of the three companies they were going to shut down in each of the union negotiating cycles, which I believe were staggered throughout the decades.

Hardly anyone else in the country has access to these type of benefits mostly paid for by the corporation.

Zero bought off his union buddies at GM but turned his back on the Twinkie Union. He no longer cares since the foolish American sheeple have already made him king for almost a decade. BUCKLE UP FOLKS IT AIN'T GONNA END PRETTY.

[oldbrowser]

Still a possibility especially with our current adminstration. Most likely Mexico wins in this one.

If Mexico starts exporting Twinkies to us the FDA will likely issue new rules for importing foods with dangerously high sugar content.

If a new investor is foolish enough to move the Twinkie production lines to non union states, the NLRB will step in with both feet to protect us against "unfair" labor practices.

[Polyxene]

For they have sown the wind, and they shall reap the whirlwind. Hosea 8:7

[Walkingfeather]

Why would new owners hire union people all over again. Especially in this economy. The union screwed their members... They were offered 20% stake in the company but the union turned that down. Idiots.

[COBOL2Java]

Why would new owners hire union people all over again. Especially in this economy. The union screwed their members... They were offered 20% stake in the company but the union turned that down. Idiots.

I would give leeway to union rank and file. It's the union leadership that screws the little guys. Still, the card-carrying union members can get at the end of the employment lines behind the non-union people. Just my two cents.

[EQAndyBuzz]

The unions should buy all these companies going out of business due to the unions. The have hundreds of millions of dollars laying around to payoff politicians. Maybe it is time for membership to stand up and demand that any plant that closes the union should buy and run.

They could hire thanks of people and keep businesses alive.