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BREAKING DOOM: Extinction Event - Twinkies No More! Hostess Going Bankrupt.


User ID: 12411641
United States
11/13/2012 06:10 PM
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Re: BREAKING DOOM: Extinction Event - Twinkies No More! Hostess Going Bankrupt.
Going bankrupt because they are using UNION members. Get rid of the Union and you'll have a profitable company again, much more profitable.
 Quoting: Anonymous Coward 24473407

Uhhh no, it's to offload or amend their pension plans.

Like American Airlines:

[link to www.dallasnews.com]

And Kodak:

[link to articles.chicagotribune.com]

Delphi Corp would be another one. Or heck, Stockton, CA.

The reason why pensions are being targeted is that they can dramatically affect a corporation's liquidity or their debt to equity ratios. The largest liability for a corporation is almost always its pension plans (should it have one). This gets included into any debt related ratios and can make a corp look worse than it is. The amount of debt a corp holds can directly affect how much they can borrow based on liquidity and degree of risk. Corps with pensions look painful when compared to a corp whose retirement plan is an employee contributed 401k.

Last Edited by Porcelain Monkeywrench on 11/13/2012 06:10 PM


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