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

They did a good job, this time!

Leveled their workers right down to the lowest common denominator!

WINNING!!

Yeah, there is one in the Bronx that I've been going to for years..it's like an end of an era :(

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?

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.

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.

Fucking Unions

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.

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.

So trying to keep management in-check is irrational?

Who are you, David Rockefeller?

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?

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.

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

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

You idiots are amazingly inadequate in economics.

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!

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.

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

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

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

I think you're right.

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

Justify your unemployed ass's.....Occutard!

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.

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.

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!

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

"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?

Go empty the shelves now. They last a decade.

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!

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.

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.

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]