Hostess Plans to Liquidate After Mediation Fails

Wall Street Journal ^ | 11/20/12 | JULIE JARGON And RACHEL FEINTZEIG

[jimbo123]

Hostess Brands Inc. said Tuesday night that mediation talks with its bakers union failed and the company will proceed with plans to close down and sell its assets.

[jimbo123]

and Obama Union Goons are claiming victory for sticking it to the man.

[Windflier]

Un-freaking-believable. The unions had a chance to salvage this thing, and save 18,500 jobs, and they chose to ‘stick it to the man’ anyway?

Good lord.....they’re incurable.

[jimbo123]

Bimbo will buy the trademarks and recipes from Hostess and make Mexican Twinkies with real sugar.

[umgud]

Twikies will be back, but these 18,500 workers won’t.

[Repeal 16-17]

and Obama Union Goons are claiming victory for sticking it to the man.

Yeah, because it's not like anyone else is harmed by Hostess going out of business.

[RoosterRedux]

Equipment, management, and distribution system goes to Mexico...union keeps foaming in U.S.

Feast on the shiite, unions. That's the only cream filled center you will get.

[Gay State Conservative]

[BooBoo1000]

Never fear, there is a very wealthy Mexican who is dickering for the entire Interstate Bakery. If he gets it one of two things will happen. He will reopen the plants in this country with Mexican labor, or he will move it to Mexico and have all Mexican Help. I don't think he will want to bake bread. any one with flour yeast salt, and oil and water can make bread. The valuable one are Twinki and the other speciality items.

[Westbrook]

> and Obama Union Goons are claiming victory for sticking it
> to the man.

Yeah, they are sticking it to “the man” - you and me.

They get to collect 79 weeks of “unemployment” pay for doing nothing. After that, they get their section-8 stipend, EBT cards, and 0bamao phones.

Life is good.

[Obama_Is_Sabotaging_America]

MICHELLE OBAMA KILLED 'HOSTESS'

Let's lay blame where blame is due. Michelle killed Hostess long ago with her nanny state control over school lunch boxes and chidren's lemonade stands. It's all about obliterating those little things in life we enjoy.

The murder of Iconic American companies by the 0bama's, using UNIONS as their foot soldiers for CHANGE.

[Arthurio]

Mexican baker is probably using hallowed out loves of bread to ship other goods as well.

[umgud]

They better get freebies. Would any employer in their right mind ever hire someone with Hostess on their application or resume?

[TwelveOfTwenty]

They get to collect 79 weeks of “unemployment” pay for doing nothing. After that, they get their section-8 stipend, EBT cards, and 0bamao phones.

One thing I'll remember about the Obama years is feeling stupid for working and paying my bills. Thanks to the voters, I'll get another fours years of it.

[txnativegop]

I surely would not. But hey, the union stuck to the man. Morons.

[tumblindice]

Comrades! Comrades, we have glorious news for you ... “

[Marie]

Here’s the good news:

If they were a member of the union that caused the strike, even if they voted against it, they do NOT get unemployment.

[SpaceBar]

Good. I hope the corporate structure of Hostess is able to resume operations in less hostile climates. Few things are as loathesome as labor unions that think private business exists solely for their exploitation. spit

[beebuster2000]

check out this factoid in the article:

Doug Mansky, a Hostess driver in Detroit and a member of the International Brotherhood of Teamsters, was in the process of moving to a cheaper condominium on Tuesday, after his union had agreed to an 8% pay cut that he said would shave $200 a week from his income.

If you do the math, the driver is making around $125,000 a year. wonder why they went broke? hm.....

[COBOL2Java]

Have to purchase to read the story?

[jimbo123]

Hostess is going to liquidate. The brands will be sold off to other bakeries with non-union bakers and drivers.