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

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

ATLAS IS SHRUGGING.....MORE TO COME.

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

"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?

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.

"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?

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!

Wrong. It's Bush's fault

Did you have a CHOICE to eat it or NOT eat it?

well stupid fucking unions are to thank for that

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

Thank you. You have proved convincingly that the owners could have had no other goal than to shut the company down. Therefore they hired management with the task of making it happen.

It's cheaper and easier if the workers strike themselves out of a job, and that is what was accomplished. The owners think the money paid to management was worth it to achieve their goal so cleanly.

Now, why would owners suddenly want to close the business? What has changed recently? I suspect Obamacare.

Forward!

Forward! Obama voters first major corporate casualty post election. Way to go union dip shits. You killed your golden goose.

well stupid fucking unions are to thank for that

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

Thank you. You have proved convincingly that the owners could have had no other goal than to shut the company down. Therefore they hired management with the task of making it happen.

It's cheaper and easier if the workers strike themselves out of a job, and that is what was accomplished. The owners think the money paid to management was worth it to achieve their goal so cleanly.

Now, why would owners suddenly want to close the business? What has changed recently? I suspect Obamacare.

Forward!

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

I WANT MY TWINKIES!!!!

When was the last time a union created a JOB? NUFF SAID

They'll auction off the twinkie brand...

well stupid fucking unions are to thank for that

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

That's not a union's intent.

Unions' intentions are just to level the playing field as much as possible with overgrown, bloated management.

Hostess management EARNED $125K PER MONTH WHILE BANKRUPT -- why are you anti-union tards not addressing that!!??

does this mean Wonder Bread is gone too?

well stupid fucking unions are to thank for that

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

That's not a union's intent.

Unions' intentions are just to level the playing field as much as possible with overgrown, bloated management.

Hostess management EARNED $125K PER MONTH WHILE BANKRUPT -- why are you anti-union tards not addressing that!!??

The management made 15,000,000 a year? Ooook.

That aside, it is the owners business, not the unions, not the employees. Period.