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Hostess brands threatens to close company by Thursday if union strike won't end!
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[quote:Anonymous Coward 27758626:MV8yMDUxNDY1XzM0NDc3NzkwXzczN0NCQ0VD] Supply and demand, folks. Labor costs have nothing to do with people turning up their noses at the Ho Ho. Hostess is dying because no one wants to eat trans fats and preservatives when there are good cupcakes available at coffee shops and bakeries dotting every block even out in the suburbs. Hostess was a thing of the seventies--when the suburbs were the far boonies with only one grocery store and healthniks were the lunatic fringe. [/quote]
Original Message
Holy cow! Here is a prime example of the power of the union and this president over Corporate America. Our economy is toast.
Observing rules when posting from outside sources:
"BIDDEFORD, Maine —
Hostess Brands announced on Wednesday that it will file a motion with a bankruptcy court to liquidate the entire company if striking employees don't return to work by Thursday at 5 p.m.
The Bakery, Confectionary, Tobacco Workers and Grain Millers Union has been on strike since last Friday."
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link to www.wmtw.com
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