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NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE

 
G L P er
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User ID: 27869702
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11/16/2012 11:10 AM
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NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
SIGN OF THE TIMES
UNION STRIKE KILLS TWINKIES BAKER HOSTESS
CEO: 'We deeply regret the necessity of today’s decision'



Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn saidin announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “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.”

Hostess Brands Inc. had warned employees that it would file to unwind its business and sell off assets if plant operations didn’t return to normal levels by 5 p.m. Thursday. In announcing its decision, Hostess said its wind down would mean the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores in the United States...........



FULL STORY AT THE LINK.


[link to www.nbcdfw.com]



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G L P er
Terpsichore

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11/16/2012 11:22 AM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
People have not eaten twinkies since the 80's. An outdated food source. If Twinkies wanted to survive they should have reinvented themselves
TheMacaroni

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11/16/2012 11:26 AM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
Another victim to Bain Capital corporate greed.Happy holidays.xmasxmasxmasxmasxmasxmasxmasxmasxmasxmasxmasxmas
G L P er (OP)

User ID: 27869702
United States
11/16/2012 11:39 AM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
People have not eaten twinkies since the 80's. An outdated food source. If Twinkies wanted to survive they should have reinvented themselves
 Quoting: Terpsichore


True but i do eat their Wonder Bread-The main union approved their deal but a secondary one did not so all the jobs go.

Its not about the products..its about the jobs . 18K more to the unemployment lines.
G L P er
Anonymous Coward
User ID: 19756777
United States
11/16/2012 04:59 PM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
Another victim to Bain Capital corporate greed.Happy holidays.xmasxmasxmasxmasxmasxmasxmasxmasxmasxmasxmasxmas
 Quoting: TheMacaroni


thwak Nothing to do with Bain Capitol.
Anonymous Coward
User ID: 23400158
United States
11/16/2012 05:02 PM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
SIGN OF THE TIMES
UNION STRIKE KILLS TWINKIES BAKER HOSTESS
CEO: 'We deeply regret the necessity of today’s decision'



Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn saidin announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “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.”

Hostess Brands Inc. had warned employees that it would file to unwind its business and sell off assets if plant operations didn’t return to normal levels by 5 p.m. Thursday. In announcing its decision, Hostess said its wind down would mean the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores in the United States...........



FULL STORY AT THE LINK.


[link to www.nbcdfw.com]



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 Quoting: G L P er


YAY! 5a YAY!
Fèlix Misérable

User ID: 23068722
United States
11/17/2012 02:17 PM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
way to go union ruin it for every one
Fèlix Misérable
JHBorden
User ID: 25935062
Canada
11/18/2012 01:46 PM
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Re: NO MORE TWINKIES as UNION PUSHES "HOSTESS" into BANKRUPTCY-18,500 JOBS GONE
People have not eaten twinkies since the 80's. An outdated food source. If Twinkies wanted to survive they should have reinvented themselves
 Quoting: Terpsichore


Really though,go eat a apple or some shit.

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