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18,000 workers just lost a job Hostess just called it they will shut down

 
Anonymous Coward
User ID: 23761243
United States
11/16/2012 08:06 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down


What's wrong with leveling the playing field? That's what the unions try to do.
 Quoting: JackedVegan


They did a good job, this time!

Leveled their workers right down to the lowest common denominator!

WINNING!!
geminilion
We need more cowbell!

User ID: 12895036
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11/16/2012 08:06 AM

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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Michelle Obama's way of preventing fat children ..

This sucks .. there is a hostess store near me that sells all kinds of bread products, that are cheap and fresh .. baked in the store I think .. two friends also sold out their other trucks and runs, to buy into and work for hostess .. I take it they will, or have already lost their jobs ..
 Quoting: redrosie


Yeah, there is one in the Bronx that I've been going to for years..it's like an end of an era :(
..."The soul is dyed the color of its thoughts. Think only on those things that are in line with your principles and can bear the light of day. The content of your character is your choice. Day by day, what you choose, what you think, and what you do is who you become. Your integrity is your destiny ... it is the light that guides your way."
Heraclitus
JackedVegan

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11/16/2012 08:07 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


That sounds great, and all, except Hostess was paying them $125K A MONTH, after going BANKRUPT!!

Ignorant, tard
 Quoting: JackedVegan


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


That's nothing compared to Obama and his crooked buddies... Way worse.
 Quoting: AlcoholicRunner


Fuck Obama...who the fuck cares about him?

Why are you changing the subject to that shit stain? Do you moan his name during your wet dreams every night?

wtf
Anonymous Coward
User ID: 27304459
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11/16/2012 08:08 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Actually it's not workers' job to complain about management salaries. That is the job of the owners.

If it's a closely held company, that owner may be one person. If it's a typical large corporation with stock traded, that may be lots of small shareholders who have difficulty unifying to negotiate against management.

But even though it's a difficult pill to swallow, it seems the workforce is more replaceable than the management. Also in aggregate much more expensive.

Again, workers should not try to "level the playing field" against management esp. top management. It's emotionally tempting, but irrational.
JackedVegan

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11/16/2012 08:08 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
The union intentionally killed Hostess. The union wanted Hostess to liquidate. They're betting some other company will come in and save the day, and they'll get a better deal to boot. This is a tactic the teamsters have used before, destroy the host their feeding off of, and hope a fatter more flush host comes along they can glom onto and start feeding off of.
 Quoting: JennOfArc


Are you unable to utilize simple reading comprehension skills?

The upper management killed the company by taking A RAISE WHILST GOING BANKRUPT!

The unions already took an ass fucking 3 years prior.

The unions tried, the management DID NOT.
Fast Forward

User ID: 15057455
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11/16/2012 08:08 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Fucking Unions
Fast Forward
Chikin

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11/16/2012 08:08 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Here's your sign, from the article:

"They took our pension. They don't want to guarantee 8 hours," said Michael Myles."


Eight hours? I wonder why that is? OBAMACARE.
Best place to get the news first...GLP.
AlcoholicRunner
I abduct humans and drink at the same time.

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11/16/2012 08:09 AM

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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


That's nothing compared to Obama and his crooked buddies... Way worse.
 Quoting: AlcoholicRunner


Fuck Obama...who the fuck cares about him?

Why are you changing the subject to that shit stain? Do you moan his name during your wet dreams every night?

wtf
 Quoting: JackedVegan


You made it sound like it's a huge deal when it's not really a huge deal compared to others.

Now, go eat a juicy rib-eye steak.
JackedVegan

User ID: 9066073
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11/16/2012 08:10 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Actually it's not workers' job to complain about management salaries. That is the job of the owners.

If it's a closely held company, that owner may be one person. If it's a typical large corporation with stock traded, that may be lots of small shareholders who have difficulty unifying to negotiate against management.

But even though it's a difficult pill to swallow, it seems the workforce is more replaceable than the management. Also in aggregate much more expensive.

Again, workers should not try to "level the playing field" against management esp. top management. It's emotionally tempting, but irrational.
 Quoting: Anonymous Coward 27304459


So trying to keep management in-check is irrational?

Who are you, David Rockefeller?
Anonymous Coward
User ID: 22573986
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11/16/2012 08:10 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


Do you really think that companies pay their CEOs lots of money just for the sake or writing large checks, or that they hate the blue collar guys?

Are you really that ignorant of economics?

CEOs make that amount of money because not many people can run a company that size. Obviously in the case of hostess the CEO should have been making $0 since the company went bust, but CEOs of profitable companies earn their pay.
 Quoting: Anonymous Coward 27582562


That sounds great, and all, except Hostess was paying them $125K A MONTH, after going BANKRUPT!!

Ignorant, tard
 Quoting: JackedVegan


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


Just curious, how could they be gettint paid 125K/month after going Bankrupt when they just went bankrupt? Is this the 2nd time they've done this?
JackedVegan

User ID: 9066073
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11/16/2012 08:11 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


That's nothing compared to Obama and his crooked buddies... Way worse.
 Quoting: AlcoholicRunner


Fuck Obama...who the fuck cares about him?

Why are you changing the subject to that shit stain? Do you moan his name during your wet dreams every night?

wtf
 Quoting: JackedVegan


You made it sound like it's a huge deal when it's not really a huge deal compared to others.

Now, go eat a juicy rib-eye steak.
 Quoting: AlcoholicRunner


Sure, alkie...right after your liver implodes, fatass.

Again, what's Obama have to do with this?

I hate the filthy Kenyen as much as anyone, but he didn't fuck up Hostess...upper management did.
AdHocBOHICA

User ID: 19723065
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11/16/2012 08:12 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


Do you really think that companies pay their CEOs lots of money just for the sake or writing large checks, or that they hate the blue collar guys?

Are you really that ignorant of economics?

CEOs make that amount of money because not many people can run a company that size. Obviously in the case of hostess the CEO should have been making $0 since the company went bust, but CEOs of profitable companies earn their pay.
 Quoting: Anonymous Coward 27582562


That sounds great, and all, except Hostess was paying them $125K A MONTH, after going BANKRUPT!!

Ignorant, tard
 Quoting: JackedVegan


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


You should be the "Poster Child" for Natural Selection....retort? Man some of you Morans have NO Clue, do you?
JackedVegan

User ID: 9066073
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11/16/2012 08:13 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Here's your sign, from the article:

"They took our pension. They don't want to guarantee 8 hours," said Michael Myles."


Eight hours? I wonder why that is? OBAMACARE.
 Quoting: Chikin


LOL!! Blaming the Kenyan for upper managements greed and corrupution.

You idiots are amazingly inadequate in economics.
Anonymous Coward
User ID: 27304459
United States
11/16/2012 08:14 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Actually it's not workers' job to complain about management salaries. That is the job of the owners.

If it's a closely held company, that owner may be one person. If it's a typical large corporation with stock traded, that may be lots of small shareholders who have difficulty unifying to negotiate against management.

But even though it's a difficult pill to swallow, it seems the workforce is more replaceable than the management. Also in aggregate much more expensive.

Again, workers should not try to "level the playing field" against management esp. top management. It's emotionally tempting, but irrational.
 Quoting: Anonymous Coward 27304459


So trying to keep management in-check is irrational?

Who are you, David Rockefeller?
 Quoting: JackedVegan


No I am not David Rockefeller, just someone who generally buys into the core assumption of microeconomics -- that each individual is rational if they maximize their own individual expected utility. This means no bonus points for reducing someone else's (i.e. Schadenfreude.)

But it probably didn't matter, it seems likely that this management was hired and paid to shut the company down. Obamacare in, Hostess out!
davvi
Happy Halloween!

User ID: 3677166
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11/16/2012 08:15 AM

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Re: 18,000 workers just lost a job Hostess just called it they will shut down
that will be around 180,000 jobs lost in collateral damage then, congrats folks you will enjoy your 26 weeks of unemployment I bet )
 Quoting: Anonymous Coward 957572


unemployment compensation now runs for 99 weeks. and you can apply and report on line so no need to drag one's ass out of bed.

after almost two years the recipient believes unemplyment is a good gig and no longer looks for work.

lets keep paying unions and deadbeats, nope nothing can go wrong with that.
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JackedVegan

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11/16/2012 08:15 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


That sounds great, and all, except Hostess was paying them $125K A MONTH, after going BANKRUPT!!

Ignorant, tard
 Quoting: JackedVegan


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


You should be the "Poster Child" for Natural Selection....retort? Man some of you Morans have NO Clue, do you?
 Quoting: AdHocBOHICA


Once again, you can't answer the question..typical economic illiterate.

Justify management earning $125K PER MONTH WHILST IN BANKRUPTCY....GO!
AdHocBOHICA

User ID: 19723065
United States
11/16/2012 08:17 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Actually it's not workers' job to complain about management salaries. That is the job of the owners.

If it's a closely held company, that owner may be one person. If it's a typical large corporation with stock traded, that may be lots of small shareholders who have difficulty unifying to negotiate against management.

But even though it's a difficult pill to swallow, it seems the workforce is more replaceable than the management. Also in aggregate much more expensive.

Again, workers should not try to "level the playing field" against management esp. top management. It's emotionally tempting, but irrational.
 Quoting: Anonymous Coward 27304459


So trying to keep management in-check is irrational?

Who are you, David Rockefeller?
 Quoting: JackedVegan


No I am not David Rockefeller, just someone who generally buys into the core assumption of microeconomics -- that each individual is rational if they maximize their own individual expected utility. This means no bonus points for reducing someone else's (i.e. Schadenfreude.)

But it probably didn't matter, it seems likely that this management was hired and paid to shut the company down. Obamacare in, Hostess out!
 Quoting: Anonymous Coward 27304459


This "JackVegan" character is EXACTLY why correcting the Demographic imbalance of this country is necessary.
tandym

User ID: 1575789
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11/16/2012 08:18 AM

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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Forward! Obama voters first major corporate casualty post election. Way to go union dip shits. You killed your golden goose.
 Quoting: Resister


Obamacare costs probably added to the company's willingness to call it all off.

Obamavoter: "Thanks to Obama, my employer will have to take care of me better!"

Employer of obamavoter: "We must work strategically to avoid overpaying for this human resource."
 Quoting: Anonymous Coward 27304459


I hope I am wrong, but this just may be the start of the domino effect for businesses. With additional taxes, unions and Obamacare, more companies will find it financially impossible to continue. More company layoffs and closures.

And these unemployed sheep will continue to vote for morons like Obama, and whine for their fair share from their daddy the government.
 Quoting: Anonymous Coward 21916862


I think you're right.
Anonymous Coward
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Canada
11/16/2012 08:18 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
jsut like the furniture companies...they will start all over with a new name and same products...no union...

big boy use to do this all the time...

so best to wait and see what happens...and if they do re-open i am sure those 18 thousand workers will be hired back but paid 6 bucks an hour instead of 60
AdHocBOHICA

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11/16/2012 08:19 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


You should be the "Poster Child" for Natural Selection....retort? Man some of you Morans have NO Clue, do you?
 Quoting: AdHocBOHICA


Once again, you can't answer the question..typical economic illiterate.

Justify management earning $125K PER MONTH WHILST IN BANKRUPTCY....GO!
 Quoting: JackedVegan


Justify your unemployed ass's.....Occutard!
Anonymous Coward
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11/16/2012 08:19 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
...


iamwith
 Quoting: AdHocBOHICA


Awww, poor baby can't come up with a retort...

Come on, how do you justify their upper management "earning" $125K PER FUCKING MONTH???

dumbass
 Quoting: JackedVegan


You should be the "Poster Child" for Natural Selection....retort? Man some of you Morans have NO Clue, do you?
 Quoting: AdHocBOHICA


Once again, you can't answer the question..typical economic illiterate.

Justify management earning $125K PER MONTH WHILST IN BANKRUPTCY....GO!
 Quoting: JackedVegan


That is a question of morality or something, not ecoomics.

Economics prefers concepts that avoid trying to assess fairness. "Pareto optimum"

Is it fair that this worker is worth 10x or 100x another worker? Hell, who can tell that? Most people would agree that not all workers are worth exactly the same, and from there on it's a matter of taste -- or of equilibrium.

In equilibrium, it's obvious that the management earned many times as much as each factory worker did.
JohnC
User ID: 19603600
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11/16/2012 08:19 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Hostess sales have been declining for a while. These so called nutritionists and doctors 'claim' that junk food is not good for you and the public buys into this.

I blame Obama. And Bush. And Clinton. And the other Bush.
Krazy Effin Ivan
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11/16/2012 08:20 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
well stupid fucking unions are to thank for that

you cannot strong arm a company into paying you what it doesn't fucking have!
 Quoting: ^TrInItY^


Do you know how much the CEO of Hostess earns?

Driscoll was the previous CEO before new CEO Gregory Rayburn.

"In early February, Hostess had asked the bankruptcy judge to approve a sweet new employment deal for Driscoll. Its terms guaranteed him a base annual salary of $1.5 million, plus cash incentives and "long-term incentive" compensation of up to $2 million. If Hostess liquidated or Driscoll were fired without cause, he'd still get severance pay of $1.95 million as long as he honored a noncompete agreement."
 Quoting: JackedVegan


Oh......well for FUCKs sake there Einstein, that makes it all good. Wouldn't want someone making money......close this bitch up and live on someone else's back. Dick Head!
 Quoting: AdHocBOHICA


My thougths exactly.. Some Morons whan the economy from capitalist investors AND the handouts from socialists governments.. They have no clue the two can never wed.. So they're content fucking themselves. Sheesh!
Anonymous Coward
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11/16/2012 08:21 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Hate that people lost their jobs. But happy to see that's for once it is not bushs fault. Unions suck the life's blood out of everything they touch.
I hear hell is pro union, may trumpka suck a flamming turd for eternity
JackedVegan

User ID: 9066073
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11/16/2012 08:22 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Actually it's not workers' job to complain about management salaries. That is the job of the owners.

If it's a closely held company, that owner may be one person. If it's a typical large corporation with stock traded, that may be lots of small shareholders who have difficulty unifying to negotiate against management.

But even though it's a difficult pill to swallow, it seems the workforce is more replaceable than the management. Also in aggregate much more expensive.

Again, workers should not try to "level the playing field" against management esp. top management. It's emotionally tempting, but irrational.
 Quoting: Anonymous Coward 27304459


So trying to keep management in-check is irrational?

Who are you, David Rockefeller?
 Quoting: JackedVegan


No I am not David Rockefeller, just someone who generally buys into the core assumption of microeconomics -- that each individual is rational if they maximize their own individual expected utility. This means no bonus points for reducing someone else's (i.e. Schadenfreude.)

But it probably didn't matter, it seems likely that this management was hired and paid to shut the company down. Obamacare in, Hostess out!
 Quoting: Anonymous Coward 27304459


This "JackVegan" character is EXACTLY why correcting the Demographic imbalance of this country is necessary.
 Quoting: AdHocBOHICA


"Overall, Hostess lost $341 million in fiscal 2011, 2½ times the loss of the prior year -- and by early 2012, primarily because of burgeoning interest obligations, its debt had grown to about $860 million.

As revenue declined, the company continued to burn cash -- in the second half of 2011, the rate was $2 million a week. The liquidity crunch forced Ripplewood in the early spring of 2011 to pump in $40 million more in return for more equity as well as debt that was subordinate to that held by Silver Point and Monarch. In August -- to save a company teetering on the edge of fiscal calamity and forced liquidation -- Silver Point, Monarch, and the group of other lenders put up an additional $30 million to see if a negotiated turnaround was possible."

LOL!! So, dumbass, you agree with burning good money to chase bad money like this?? Even though Hostess cut union workers bennies and wages DRASTICALLY just 3 years ago, the management decided to borrow $30 MILLION MORE, while STILL PAYING MANAGEMENT $125k PER MONTH!

All while Bankrupt!!

And you say the workers are the problem?

lol
N3m3s1s

User ID: 4637200
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11/16/2012 08:22 AM

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Re: 18,000 workers just lost a job Hostess just called it they will shut down
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

I WANT MY TWINKIES!!!!
 Quoting: AlcoholicRunner


Go empty the shelves now. They last a decade.
jonesin

User ID: 18581403
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11/16/2012 08:22 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
There is no doubt that the excutives are making way too much money but at the same time if your working the line at Hostess there a few things that need to be pointed out.

A. Your life dreams probably didnt pan out.

2. You are a unskilled employee, anyone could perform your job with little to no training.

4. If your making anything over 12 bucks an hour w/benefits you should keep your fucking mouth shut,clock in and do your job. If you wanna make more money work harder than the next person, this world doesnt owe you shit!
Anonymous Coward
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11/16/2012 08:23 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
Hostess sales have been declining for a while. These so called nutritionists and doctors 'claim' that junk food is not good for you and the public buys into this.

I blame Obama. And Bush. And Clinton. And the other Bush.
 Quoting: JohnC 19603600


When I was a kid, and that was a very long time ago, I knew that Hostess was puffed-up chemicals, and Tastykake was real butter and eggs and stuff. Hostess is junk food, it is the leading example of it.
Mr. Toppit

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11/16/2012 08:23 AM

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Re: 18,000 workers just lost a job Hostess just called it they will shut down
I wonder how Lord Obooma's trip to Asia is going? Shouldn't he be stepping up to mediate this like he did GM. Oops I forgot .... No more elections for him. China will probably buy the brand and the machinery and the blacks in Philly can eat twinkies with food stamps .... yum yum.
JennOfArc

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11/16/2012 08:23 AM
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Re: 18,000 workers just lost a job Hostess just called it they will shut down
The union intentionally killed Hostess. The union wanted Hostess to liquidate. They're betting some other company will come in and save the day, and they'll get a better deal to boot. This is a tactic the teamsters have used before, destroy the host their feeding off of, and hope a fatter more flush host comes along they can glom onto and start feeding off of.
 Quoting: JennOfArc


Are you unable to utilize simple reading comprehension skills?

The upper management killed the company by taking A RAISE WHILST GOING BANKRUPT!

The unions already took an ass fucking 3 years prior.

The unions tried, the management DID NOT.
 Quoting: JackedVegan


No, you're the one who doesn't "get it".

Maybe this will help, though in your case, I doubt it.

[link to www.forbes.com]

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