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Hostess brands threatens to close company by Thursday if union strike won't end!

 
Anonymous Coward
User ID: 27780658
United States
11/14/2012 10:56 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
oh noes

I can't get any more iced oatmeal cookies

doom on !!!
DOCTOR DOOM

User ID: 10007316
United States
11/14/2012 11:06 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
I NEED MY MOTHER FUCKING DING DONGS!!!!!
FierySky

User ID: 21544545
United States
11/14/2012 11:15 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
that company employ's something like 18,500 people so this is huge if they liquidate....
 Quoting: Anonymous Coward 23011194


I think they should close it down and liquidate. Let those union f-er's go picket on someone else's business.
NightWisp

User ID: 25023241
United States
11/14/2012 11:17 PM

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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Come to Tennessee. We will take the twinkie machine.
SilverPatriot

User ID: 10518597
United States
11/14/2012 11:18 PM

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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Whether anyone eats these products is irrelevant Hostess has filed for bankruptcy twice and each day of the strike brings this company closer to folding.

Hostess just closed 3 Plants thus laying off 627 workers this week and if the labor unions fail to find an agreement Hostess will liquidate the rest of their assets and everyone loses.

Perhaps the union should work with the struggling Hostess Company unless they assume that obama’s government dependency program will better care for them. Eventually the government gravy train will end and where will this leave these entitled union workers.

Hostess threatens total liquidation unless strike ends Thursday
[link to www.bizjournals.com]

Hostess closings to cut 627 jobs
[link to articles.philly.com]
Anonymous Coward
User ID: 27711841
United States
11/14/2012 11:19 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
why dont we just bail them out lik GM, the banks?

how about we underwrite them like facebook?

how about we outright subsidize them like MSNBC, our horn dog generals, and their classy camp whores?
Fred
User ID: 26677941
United States
11/14/2012 11:42 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
The problem with being "small enough to fail". If this was a big Wall Street bank they'd be bailed out. Every single banker would then get a bonus equal to a hundred times a twinky bakers annual salary. They'd then be allowed to suspend "mark to market" and use warehouses full of expired twinkies as collatoral to borrow from the fed at 0.25% interest.
krosty

User ID: 15571780
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11/14/2012 11:42 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
The weak companies who can't provide their employees wages above poverty will die while the strong companies rise to take their place. Unions are here to ensure workers have rights. We may as well all be picking cotton without a union.
LadyLucy

User ID: 19191714
United States
11/14/2012 11:53 PM

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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Who eats that shit anyway.
 Quoting: STARLING


i do.....hiding2
SilverPatriot

User ID: 10518597
United States
11/15/2012 12:32 AM

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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
The weak companies who can't provide their employees wages above poverty will die while the strong companies rise to take their place. Unions are here to ensure workers have rights. We may as well all be picking cotton without a union.
 Quoting: krosty


Any union has provided their paying charges with wages above and beyond the poverty level.

You are incorrect union glut is forcing jobs overseas and companies who cannot export jobs will be forced to layoff workers and plants in n attempt to remain viable. If the recession continues, you might wish that you had a job picking cotton and many employees might forsake gluttonous unions for n opportunity to have employment.

What would be the harm in these unions working with a faltering company until they regained their footing? If you peruse the Daily Job Cuts, you will note there are far more weak unions these days so why not pitch in and help.

Daily Job Cuts
[link to www.dailyjobcuts.com]
Anonymous Coward
User ID: 21300769
United States
11/15/2012 12:43 AM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Just reporting I went to a Wonder-Hostess outlet and they said Deliveries have ended and all white bread was cleaned out

I am proud to report I cleaned them out of all 41 loaves they had left of randomly branded brown bread just before closing @ 48cents/loaf!


Thanks Obamacare!
Anonymous Coward
User ID: 14392840
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11/15/2012 11:49 AM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Whats the update? What happened?
MuayThai

User ID: 27902904
Philippines
11/16/2012 08:15 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
I said, "Shut that sum bitch down". It will happen, it's just a matter of time.
Anonymous Coward
User ID: 14408911
United States
11/16/2012 08:19 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Whats the update? What happened?
 Quoting: APOLLO ILLUMINIST


Hostess Brands is Closed.
We are sorry to announce that Hostess Brands, Inc. has been forced by a Bakers Union strike to shut down all operations and sell all company assets. For more information, go to hostessbrands.info. Thank you for all of your loyalty and support over the years.



HOSTESS BRANDS TO WIND DOWN COMPANY AFTER BCTGM UNION STRIKE CRIPPLES OPERATIONS
Friday, November 16, 2012 at 7:00AM

Irving, TX – November 16, 2012 – Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including its iconic brands and facilities. Bakery operations have been suspended at all plants. Delivery of products will continue and Hostess Brands retail stores will remain open for several days in order to sell already-baked products.

The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate after one of the Company’s largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the Company’s ability to produce and deliver products at multiple facilities.

On Nov. 12, Hostess Brands permanently closed three plants as a result of the work stoppage. On Nov. 14, the Company announced it would be forced to liquidate if sufficient employees did not return to work to restore normal operations by 5 p.m., EST p.m., Nov. 15. The Company determined on the night of Nov. 15 that an insufficient number of employees had returned to work to enable the restoration of normal operations.

The BCTGM in September rejected a last, best and final offer from Hostess Brands designed to lower costs so that the Company could attract new financing and emerge from Chapter 11. Hostess Brands then received Court authority on Oct. 3 to unilaterally impose changes to the BCTGM’s collective bargaining agreements.

Hostess Brands is unprofitable under its current cost structure, much of which is determined by union wages and pension costs. The offer to the BCTGM included wage, benefit and work rule concessions but also gave Hostess Brands’ 12 unions a 25 percent ownership stake in the company, representation on its Board of Directors and $100 million in reorganized Hostess Brands’ debt.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said Gregory F. Rayburn, chief executive officer. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”
...etc.
[link to www.hostessbrands.com]
MuayThai

User ID: 27902904
Philippines
11/16/2012 08:29 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
[link to www.dailymail.co.uk]

Well, another 18,500 unemployed bums to be added to the public dole. Good job. I gotta aplaud the owners of the company for being so forward thinking. I hope to see more of this in the future.
Anonymous Coward
User ID: 27792021
France
11/16/2012 08:39 PM
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Re: Hostess brands threatens to close company by Thursday if union strike won't end!
Who eats that shit anyway.
 Quoting: STARLING


Ding Dongs happen to be the main source of nutrition for heroin addicts.