The plants in the right to work states are worth something..the others are only worth the salvage value of the equipment and the real-estate.
Who buys a money loosing plant in a union shop state? Only a crony with a govt loan with zero equity at risk.
“Who buys a money loosing plant in a union shop state? Only a crony with a govt loan with zero equity at risk.”
Still a possibility especially with our current adminstration. Most likely Mexico wins in this one. Haven’t heard of any Asian or European interest in this but can’t ignore what any of those parties might do.
The article has experts in liquidation saying it could take years to liquidate Hostess’ assets.
So, even if we’re talking only a year or two, the lion’s share of these workers are not coming back to work at their former place of employment if a purchaser were dumb enough to return to the same place where the union killed the company. That’s not very likely.
I imagine the recipes and trademarks will be purchased by some other product line and reproduced with their own equipment on their own lines in their own states.
I imagine the profit margin on this kind of product means that unionized workers with greeder union bosses will not be considered even for a second as prospective employees. I agree with those who say this will go to some kind of right to work state or to some private company.
Solyndra ex-executives are looking for a new government funded venture...