ObamaCide.
The union was 5000 strong. Some 13,000 non union people suffer because of them.
ain’t subscribing so can’t read the whole article
They ought to move their operation to a right to work state.
the greatest irony is that the "private equity" firm that owned Hostess, Ripplewood, is owned by a big Democrat contributor and fund-raiser. In fact, Ripplewood and Hostess even hired the famously pro-union politician, Dick Gephardt, as a consultant, to try and help him subdue the unions and limit their astronomical costs.
It’s a win-win for the liberals all the way around. An evil corporation is shutting its doors, a nemesis of Michelle Obama’s garden is now gone, and there’s 18,000 more people on the government dole.
What would make me gleeful is for some other company to buy hostess and open up it’s factories (or retool existing factories) in non-union states. We still get Twinkies, and the union thugs lose more power.
Unfortunately, labor law, union contracts and non right to work states, make that impossible,
Thus the liquidation/bankruptcy, it's the only way to void those union contracts.
The ONLY bad guy here is the union-government Marxist conspiracy.
Hostess was murdered by the union, there was no suicide, only a sacrifice to preserve as much value for the investors and legitimate creditors as possible.
I never liked Twinkies, so won’t miss them. I always preferred the original chocolate cupcakes, although I don’t eat them very often. If I want a chocolate goodie fix, I can always go to Dunkin Donuts and get a chocolate frosted donut...at least for now. It’s a shame that a company that has been around since the 30’s is going out of business because the union wants to milk it dry. I grew up in a neighborhood that had a Hostess bakery in it, and I still miss smelling the fresh baked bread in the air. The unions and demoncrats have destroyed many a good business. This one is just another notch in their belt.
Guess we have to wait four more years before we can liquidate this twinkie.
Economic effects of labor unions :
1) cause or perpetuate unemployment
2) cause artificial inequalities in wage rates if confined to isolated industries
3) combat rise in real wages in combating rise in productivity of labor
4) frustrate the law of comparative advantage and prevent the less able from outcompeting the more able
5) the greater the extent of wage increases achieved by labor unions, the more severe become the effects of minimum-wage laws
6) impair capital accumulation by reducing productivity of capital goods
7) monopolize the market against the less able and the disadvantaged
8) prevent increase in money and spending from increasing employment
9) promote racial discrimination
10) reduce average real wage rates by causing unemployment and a lower productivity of labor
11) reduce fraction of worlds money supply circulation in United States
12) responsible for inability of American industries to compete against foreign competitors
13) unemployment caused by labor unions worsens consequences of job loss
14) wage demands of labor unions can lead to more raid increases in quantity of fiat money if government seeks to avoid resulting unemployment by this means
I prefer Suzie Q’s and Devil Dogs but don’t eat junk food like that anymore.
Having grown up in a strong union family, let me give you some insight. Young union workers want more money. Middle aged union workers want more medical benefits. Older union workers want more retirement. In a unionized company, the union will protect shirkers. The company then finds it virtually impossible to fire a troublemaker. This emboldens the troublemakers. Everything becomes a contest between management and the workers. The rest of the Democrat base has no sympathy whatever for the union employees. So the private sector union employees, while supporting the Democrat party, are a casual afterthought to the Democrats. The union comes to represent itself and not the employees. The factory that my Dad worked at recently closed. There was absolutely no concern from the community or the Democrat Governor. If anything, the community was glad that the factory was gone. There are virtually no private sector union jobs left in this state. It’s not a Right To Work state, either. It has been the Democrats who killed the good paying private sector union jobs. And the state has another Democrat Governor.
The Ding Dong admin or the King Don admin did ‘em in.
Those union bakers are tough but stupid.
Wasn’t that long ago that the same union had a prolonged strike against the Bronx based Stella D’Oro bakery.
Guess what happened? Stella D’Oro is now but a memory. And the a**holes there said the same things these folks are saying.
Some people never learn.
So, why did the union commit “job suicide”?
Because there’s very little downside. They will still be able to eat and feed their families, thanks to government largesse. And the great thing about it is they won’t have to get up and go to work to do it.
And the Hostess management saw there was little danger in their going Halt.
So it looks like every directly interested party has won.
And the government has convinced us that there are no ramifications for the rest of us, so what does it matter?
Fire them and hire those that have their own bats and tire irons.