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Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????

 
PhennommennonnModerator (OP)
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11/18/2012 09:22 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Hey OP, I usually either ignore and/or consider the source when I read some of your posts, but this time I must respectfully disagree with your oponion on Unions!
I've been employeed with a Hershey Company for almost 30 years and my Union has been extremely fair.
Unless you were involved with the hostess company, your oponion is merely speculation.
Just another river rat making over dramatic comments.
 Quoting: Anonymous Coward 972577


ummmm....i live a farts blow from the hershey choc factories/422 - if memory serves - most of your colleagues werent too happy when they wanted to close that one plant & move to mexico. union pressure was driving them to do it. jus sayin
 Quoting: Phennommennonn


And if that had happened, Americans should stand by their fellow citizens and stop buying Hersheys... simples.
 Quoting: ~Magik~


pay attention bc youre missing important plot points


George Soros funding Socialism with Unions
[link to onenerveleft.couragetosee.com]


Organizations Funded Directly by George Soros and his Open Society Institute
American Civil Liberties Union.
Democratic Party
Health Care for America Now:
Immigrant Defense Project
Media Fund:/Media Matters for America
NAACP
National Lawyers Guild
National Public Radio:
Shadow Democratic Party
MoveOn

Rebuild and Renew America Now (a.k.a. Unity '09): Spearheaded by MoveOn.org and overseen by longtime activist Heather Booth, this coalition was formed to facilitate the passage of President Obama’s "historic" $3.5 trillion budget for fiscal year 2010.

Public Citizen Foundation: Public Citizen seeks increased government intervention and litigation against corporations -- a practice founded on the notion that American corporations, like the capitalist system of which they are a part, are inherently inclined toward corruption

Southern Poverty Law Center:
Tides Foundation and Tides Center: Tides is a major funder of the radical Left.
YWCA


read the whopper list here
[link to www.discoverthenetworks.org]


Democratic Socialists of America member John Sweeney became president of the AFL-CIO and successfully repealed a federation rule prohibiting Communists from serving as leaders of its member unions. Abandoning the blue-collar industrial unionism of the past, Sweeney was instrumental in remaking labor into a progressive movement
[link to www.discoverthenetworks.org]


Another immensely powerful union is the 1.8 million-member Service Employees International Union (SEIU), which ranks among the largest and fastest-growing unions in North America. Led by the former New Leftist Andrew Stern from 1996-2010, SEIU is a major component of the so-called “Shadow Democratic Party,” a nationwide network -- conceived and funded by George Soros and his political allies -- of unions, nonprofit activist groups, and think tanks whose agendas are ideologically to the left, and which are engaged in campaigning for the Democrats.
[link to www.discoverthenetworks.org]
 Quoting: Phennommennonn

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

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FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~Magik~

User ID: 28020593
United Kingdom
11/18/2012 09:25 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Hey OP, I usually either ignore and/or consider the source when I read some of your posts, but this time I must respectfully disagree with your oponion on Unions!
I've been employeed with a Hershey Company for almost 30 years and my Union has been extremely fair.
Unless you were involved with the hostess company, your oponion is merely speculation.
Just another river rat making over dramatic comments.
 Quoting: Anonymous Coward 972577


ummmm....i live a farts blow from the hershey choc factories/422 - if memory serves - most of your colleagues werent too happy when they wanted to close that one plant & move to mexico. union pressure was driving them to do it. jus sayin
 Quoting: Phennommennonn


And if that had happened, Americans should stand by their fellow citizens and stop buying Hersheys... simples.
 Quoting: ~Magik~


pay attention bc youre missing important plot points


George Soros funding Socialism with Unions
[link to onenerveleft.couragetosee.com]


Organizations Funded Directly by George Soros and his Open Society Institute
American Civil Liberties Union.
Democratic Party
Health Care for America Now:
Immigrant Defense Project
Media Fund:/Media Matters for America
NAACP
National Lawyers Guild
National Public Radio:
Shadow Democratic Party
MoveOn

Rebuild and Renew America Now (a.k.a. Unity '09): Spearheaded by MoveOn.org and overseen by longtime activist Heather Booth, this coalition was formed to facilitate the passage of President Obama’s "historic" $3.5 trillion budget for fiscal year 2010.

Public Citizen Foundation: Public Citizen seeks increased government intervention and litigation against corporations -- a practice founded on the notion that American corporations, like the capitalist system of which they are a part, are inherently inclined toward corruption

Southern Poverty Law Center:
Tides Foundation and Tides Center: Tides is a major funder of the radical Left.
YWCA


read the whopper list here
[link to www.discoverthenetworks.org]


Democratic Socialists of America member John Sweeney became president of the AFL-CIO and successfully repealed a federation rule prohibiting Communists from serving as leaders of its member unions. Abandoning the blue-collar industrial unionism of the past, Sweeney was instrumental in remaking labor into a progressive movement
[link to www.discoverthenetworks.org]


Another immensely powerful union is the 1.8 million-member Service Employees International Union (SEIU), which ranks among the largest and fastest-growing unions in North America. Led by the former New Leftist Andrew Stern from 1996-2010, SEIU is a major component of the so-called “Shadow Democratic Party,” a nationwide network -- conceived and funded by George Soros and his political allies -- of unions, nonprofit activist groups, and think tanks whose agendas are ideologically to the left, and which are engaged in campaigning for the Democrats.
[link to www.discoverthenetworks.org]
 Quoting: Phennommennonn

 Quoting: Phennommennonn


Unions and politics shouldn't mix. Bloody tempting though, the scoundrels.
~Magik~

User ID: 28020593
United Kingdom
11/18/2012 09:25 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????


Last Edited by ~Magik~ on 11/18/2012 09:26 PM
Anonymous Coward
User ID: 1509660
United States
11/18/2012 09:30 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
And because of that Bimbo is eyeing Hostess for Mexico...

[link to times247.com]
~Magik~

User ID: 28020593
United Kingdom
11/18/2012 09:35 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
And because of that Bimbo is eyeing Hostess for Mexico...

[link to times247.com]
 Quoting: Anonymous Coward 1509660


So a Bimbo wants to get a piece of some Twinkie, Ding Dongs and Ho Ho's....

rofl
Anonymous Coward
User ID: 26992467
United States
11/18/2012 09:39 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Hostess employees in Nash County, North Carolina on Friday were relieved that they would lose their jobs because union workers would not agree to an 8-percent pay cut, which was approved by a bankruptcy judge, and end their strike, which crippled the company's factories across the United States.

[link to www.breitbart.com]


why !!!!?? so they can all sit home, and qualify for

drum roll plz...........

unemployment & extensions if applicable (see respective state)

medicaid/medical (respective state)
free clinics (respective state if applicable)

the obama phone

the obama mtg assistance

10$ internet/comcast

food stamps (free food)

section 8 housing (free rent)

free clothing vouchers (via respective state)


 Quoting: Phennommennonn


Yes, they love ob their king...


King Ding Dong
[link to postimage.org]

[link to postimage.org]

Don't forget to get your new improved healthy snacks, endorsed & enforced by obama health.

[link to postimage.org]

Yummy!

( feel free to insert pics )
Anonymous Coward
User ID: 1509660
United States
11/18/2012 09:42 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
And because of that Bimbo is eyeing Hostess for Mexico...

[link to times247.com]
 Quoting: Anonymous Coward 1509660


So a Bimbo wants to get a piece of some Twinkie, Ding Dongs and Ho Ho's....

rofl
 Quoting: ~Magik~


Amazing isn't it? Who could make this shit up?
Anonymous Coward
User ID: 26085824
United States
11/18/2012 09:48 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
It's hard to imagine a company with $2.5 Billion (with a B) in yearly sales couldn't keep its head above water.
 Quoting: Anonymous Coward 27936947

It's a harbinger of things to come. To much government regulation. Unemployment insurance. Social security taxes. Corporate income taxes. OSHA. EPA. Disability insurance. Now Obamacare.

Too much. Atlas shrugged because he collapsed.
Shellbe

User ID: 22026188
United States
11/18/2012 09:49 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
yea, and the employees who are not union are gonna get fucked. good job.
"You can only protect your liberties in this world by protecting the other man's freedom" Clarence Darrow
Anonymous Coward
User ID: 24433009
United States
11/18/2012 09:50 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
I don't like the democrats handouts they give to minorities and women which encourages them to breed, but I like the war on drugs and war in the middle east even less.

I will not vote republican until they see the light of day on the war on drugs and start to become more libertarian and trust law abiding citizens to have total control over their lives. Period. No legislating morality. Live and let fuckin live.
Anonymous Coward
User ID: 5141990
United States
11/18/2012 09:54 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Correct me if I am wrong but hasn't Hostess bankrupted x2? It's a "wonder" they held on so long.
Anonymous Coward
User ID: 5141990
United States
11/18/2012 09:58 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
It's hard to imagine a company with $2.5 Billion (with a B) in yearly sales couldn't keep its head above water.
 Quoting: Anonymous Coward 27936947


Greed, greed. The ravenous glorified in their hearts owners and execs wouldn't be happy until they digested their families and then themselves. And even in death it still wouldn't be enough. The devil is probably scared of them.
 Quoting: Anonymous Coward 24141363


and right now they are "Legion" beware.
SilverPatriot

User ID: 10518597
United States
11/18/2012 09:58 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
The Hostess employees have an extended lucrative paid vacation cumulating with no prospects of a comparable paying job once the government paid gravy train runs out thus their relief is misplaced.
FierySky

User ID: 21544545
United States
11/18/2012 10:03 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
...


Please explain it to me then since you obviously are.
 Quoting: Anonymous Coward 27936947


dude you idiot, you said its hard to imagine...its not hard at all to imagine..just have to have over 2.5 B in expenses and bullshit......how is that unimaginable?
 Quoting: Anonymous Coward 13559132


Oh, I thought you were going to explain the numbers to me? Apparently you really know nothing about the numbers, and you are only capable of spouting bullshit.
 Quoting: Anonymous Coward 27936947


And by the way I did take accounting in college, and I have worked for a major corporation for over 20 years so I know a little about how these things work. What I found hard to imagine is that they couldn't find any viable way to restructure to improve the bottom line with sales numbers like that.
 Quoting: Anonymous Coward 27936947


So, you haven't noticed that gasoline is at $3.50 per gallon lately and how that alone has effected companies and that ObamaCare is going to bankrupt more companies. I guess you can't understand that for this company, they knew that they couldn't sustain under the current economics conditions.
Anonymous Coward
User ID: 26085824
United States
11/18/2012 10:03 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Well watching twinkies on a conveyor belt day in and day out must get pretty boring.
 Quoting: Anonymous Coward 10662478

Sitting at home collecting Obama bennies will be much more exciting and rewarding.
Anonymous Coward
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United States
11/18/2012 10:03 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Rail Road Union memer here

Do most of you realize, I have to pay union dues or the railroad fires me.

Yes, the company itself will fire me.

Im not disagreeing that the union memers should of taken that cut to keep their jobs.

Im not disagreeing that unions have fucked a lot of things up.

Please keep in mind that I need to work like the rest and the job I fell into makes me pay dues. If I dont I get fired.
 Quoting: Anonymous Coward 17112172

The company is forced to do that through law that the labor unions got passed.
Anonymous Coward
User ID: 26085824
United States
11/18/2012 10:07 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
What a bunch of dumb asses!!!!!!!!!!!!!

There were no options or time for negotiations, just shut the place and I will show you.......Yea, and I will take all my toys and go home.

I guess the 16,000 "Twinkeies" will just walk over the job tree and pick a new one......Just that easy!

What a bunch of dumb asses in this economy.

dumbass laugh
 Quoting: Ziggy 1000901

The company gave them plenty of warning. The liberal idiots thought it was a bluff.
Ralph--a house dog

User ID: 25802009
United States
11/18/2012 10:09 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
They will not be able to get unemployment since it was a strike
 Quoting: Anonymous Coward 1549835


I think that just applies to the union workers. Probably non union employees could get unemployment because they did not strike, but then maybe it is not the same in every state?
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
LOL
User ID: 28041941
United States
11/18/2012 10:22 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Take it from someone who has been laid off and BEEN THERE -- rarely does anyone qualify for all of that stuff!

After being laid off, I got a whopping $240 per week to cover all expenses plus $4 per week (a jar of pickles) in food stamps. I do not qualify for section 8 but wouldn't want to go there (druggies, wackos, etc.) anyway. I do have an "Obamaphone" but only because of the "giant" food stamp award. I don't qualify for or receive any of that stuff you listed. I have no health insurance, no vehicle, etc. I'm not whining, just saying. Maybe my skin is the wrong color to receive benefits? (I'm white)

For the past 9 months (2 semesters), I have been in college retraining for a new career (4.0 GPA) since my industry has gone to INDIA. Now the UE extension will be cut off at the end of the year, and I have no idea how I will survive and pay for school. The people who were laid off before me received UE benefits for as long as 3 years!

Not everyone who receives assistance is some n'er-do-well. This is the first time EVER I have received any help. I have worked since I was 16, and for many years I have worked 2 or even 3 jobs. My tax dollars have certainly gone into the system.

I'm just tired of people ragging on those who are temporarily down on their luck. Look around -- you KNOW this economy sucks, and you KNOW our jobs are going overseas. Don't fall into the "class warfare" trap TPTB want you in and attack your fellow citizens. It's exactly what TPTB want.
LOL
User ID: 28041941
United States
11/18/2012 10:22 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Take it from someone who has been laid off and BEEN THERE -- rarely does anyone qualify for all of that stuff!

After being laid off, I got a whopping $240 per week to cover all expenses plus $4 per week (a jar of pickles) in food stamps. I do not qualify for section 8 but wouldn't want to go there (druggies, wackos, etc.) anyway. I do have an "Obamaphone" but only because of the "giant" food stamp award. I don't qualify for or receive any of that stuff you listed. I have no health insurance, no vehicle, etc. I'm not whining, just saying. Maybe my skin is the wrong color to receive benefits? (I'm white)

For the past 9 months (2 semesters), I have been in college retraining for a new career (4.0 GPA) since my industry has gone to INDIA. Now the UE extension will be cut off at the end of the year, and I have no idea how I will survive and pay for school. The people who were laid off before me received UE benefits for as long as 3 years!

Not everyone who receives assistance is some n'er-do-well. This is the first time EVER I have received any help. I have worked since I was 16, and for many years I have worked 2 or even 3 jobs. My tax dollars have certainly gone into the system.

I'm just tired of people ragging on those who are temporarily down on their luck. Look around -- you KNOW this economy sucks, and you KNOW our jobs are going overseas. Don't fall into the "class warfare" trap TPTB want you in and attack your fellow citizens. It's exactly what TPTB want.
chuckle
User ID: 10785111
United States
11/18/2012 10:26 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
What a bunch of dumb asses!!!!!!!!!!!!!

There were no options or time for negotiations, just shut the place and I will show you.......Yea, and I will take all my toys and go home.

I guess the 16,000 "Twinkeies" will just walk over the job tree and pick a new one......Just that easy!

What a bunch of dumb asses in this economy.

dumbass laugh
 Quoting: Ziggy 1000901

The company gave them plenty of warning. The liberal idiots thought it was a bluff.
 Quoting: Anonymous Coward 26085824


chuckle
Anonymous Coward
User ID: 26085824
United States
11/18/2012 10:28 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Romney promised a lot of things. As a globalist, he would not have delivered on that promise. "Free" trade is what corporations want and that's what their puppets deliver once they get in office.
 Quoting: Instant Karma


My Gosh liberals are STUPID!!! Corporations don't want free trade. They want tariffs, so they can compete. Unless they want to off shore those jobs and ship the products back here, then they want low tariffs.
Anonymous Coward
User ID: 17429753
United States
11/18/2012 10:31 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
You're nuts...we don't know if we want you on our side any more...it's not a compliment.....
PhennommennonnModerator (OP)
Forum Administrator

11/18/2012 10:33 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
You're nuts...we don't know if we want you on our side any more...it's not a compliment.....
 Quoting: Anonymous Coward 17429753


so youre on the communist side....- you can eat it, and wash it down with that koolaid too.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FREEDOM OF SPEECH:
Alan Isaacman
The People Vs Larry Flynt
"Ladies and gentlemen of the jury, you've heard a lot here today and I won't try to go back over it all. But you have to go back in that room and make some decisions and there is one thing I want to make very clear to you before you do. I'm not trying to convince you that you should like what Larry Flynt does. I don't like what he does. But what I do like is... that I live in a country... where you and I can make that decision for ourselves. I like that I live in a country where I can pick up Hustler magazine... read it if I want... or throw it in the trash, if that's where I think it belongs. Or better yet I can express my opinion by not buying it. I like that right. I care about it. And you should care about it, too... because we live in a free country. We say that a lot, but sometimes we forget what that means, so listen again. We live in a free country. That is a powerful idea. That's a magnificent way to live. But there is a price for that freedom, which is that sometimes... we have to tolerate things that we don't necessarily like. So go back in that room... where you are free to think whatever you want to think... about Larry Flynt and Hustler magazine. But then ask yourselves if you want to make that decision for the rest of us... because the freedom that everyone in this room enjoys... is, in a very real way, in your hands. If we start throwing up walls against what some of us think is obscene... we may wake up one morning and realize... that walls have been thrown upin places we never expected... and we can't see anythingor... do anything. And that's not freedom. That is not freedom. So, be careful. Thank you."
VIDEO: [link to youtu.be]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Anonymous Coward
User ID: 15793872
United States
11/18/2012 10:42 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Why Hostess blaming labor for bankruptcy smells like bullshit

[link to batcountryword.com]

From Wiki we see that this isn’t Hostess’s first bankruptcy. In fact, it’s restructured itself about once or twice per decade since the 1970′s –going private, going public, merging with other bakery companies, etc. And that’s not even counting the 2004 bankruptcy in which the company was purchased by a vulture capital firm on borrowed money. From Wiki:

[The company emerged from bankruptcy as a private company on February 3, 2009.[12] The plan included a 50 percent equity stake by Ripplewood Holdings and lines/loans by General Electric Capital and GE Capital Markets, Silver Point Finance and Monarch Master Funding....

...Let’s take a look at that Wiki quote on Hostess’s 2004 bankruptcy again:

[T]he company emerged from bankruptcy as a private company on February 3, 2009.[12] The plan included a 50 percent equity stake by Ripplewood Holdings and lines/loans by General Electric Capital and GE Capital Markets, Silver Point Finance and Monarch Master Funding.

So, after their 2004 bankruptcy Hostess was owned by a financial firm with outstanding loans. Now, let’s check the Hostess company revenue from that same Wiki article, “$2.798 billion (2008)” — for the record, that’s a “b.” And Yahoo finance states their revenue from 2011 at $2.5 billion.

The Hostess Company itself says that its main debt obligations are to former union employee’s pensions, but The New York Times lists its debt as:

[The company has more than $850 million of secured debt outstanding. It has more than $180 million in accrued workers compensation liabilities. Another $50 million to $60 million is outstanding to trade creditors, plus $36 million in lease obligations. And now it is going to lay a $75 million debtor-in-possession loan on top of that to provide additional cash.

The New York Times notes something else is fishy with this deal:

Turns out that Hostess has no treasury department. It apparently doesn’t have anyone who can perform treasury functions at all.

The company has asked the bankruptcy court for permission to hire FTI Consulting to do the work. Apparently Hostess does not have much of a finance department either, since FTI is also providing employees for that department.

If approved, FTI will provide three people to staff Hostess’ treasury department. The interim treasurer gets monthly fees that work out to an annual salary of $780,000. His two deputies get $660,000 per year, each.

The finance department group gets paid hourly rates that top out at $895 per hour.

It wouldn’t surprise me if FTI Consulting and Ripplewood (the vultures that own Hostess) have some connection in the past –some people who had worked for both companies and know where the money comes from during a bankruptcy dismantling. If I could find that, it would almost seem like a corporate plot to load Hostess with investor debt, bankrupt it, then pay themselves consulting fees the whole time.
Anonymous Coward
User ID: 17429753
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11/18/2012 10:43 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Communist...right. So..someone on the same team...who doesn't agree with the play being called in the huddle ...is a communist....OK...love ya
Anonymous Coward
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11/18/2012 10:48 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Take it from someone who has been laid off and BEEN THERE -- rarely does anyone qualify for all of that stuff!

After being laid off, I got a whopping $240 per week to cover all expenses plus $4 per week (a jar of pickles) in food stamps. I do not qualify for section 8 but wouldn't want to go there (druggies, wackos, etc.) anyway. I do have an "Obamaphone" but only because of the "giant" food stamp award. I don't qualify for or receive any of that stuff you listed. I have no health insurance, no vehicle, etc. I'm not whining, just saying. Maybe my skin is the wrong color to receive benefits? (I'm white)

For the past 9 months (2 semesters), I have been in college retraining for a new career (4.0 GPA) since my industry has gone to INDIA. Now the UE extension will be cut off at the end of the year, and I have no idea how I will survive and pay for school. The people who were laid off before me received UE benefits for as long as 3 years!

Not everyone who receives assistance is some n'er-do-well. This is the first time EVER I have received any help. I have worked since I was 16, and for many years I have worked 2 or even 3 jobs. My tax dollars have certainly gone into the system.

I'm just tired of people ragging on those who are temporarily down on their luck. Look around -- you KNOW this economy sucks, and you KNOW our jobs are going overseas. Don't fall into the "class warfare" trap TPTB want you in and attack your fellow citizens. It's exactly what TPTB want.
 Quoting: LOL 28041941


Thank you! Because half of these buttheads don't get that they are entitled to unemployment as it is a company expense. Nor do they realize exactly how little it really is but I tend to believe half of these people live in lala land anyway.

They are fucking theirselves and their family, neighbors, friends...'Slaves' right into the screwed future that we are heading towards. It's gonna be down right sick watching it.
Anonymous Coward
User ID: 5141990
United States
11/18/2012 10:50 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Romney promised a lot of things. As a globalist, he would not have delivered on that promise. "Free" trade is what corporations want and that's what their puppets deliver once they get in office.
 Quoting: Instant Karma


My Gosh liberals are STUPID!!! Corporations don't want free trade. They want tariffs, so they can compete. Unless they want to off shore those jobs and ship the products back here, then they want low tariffs.
 Quoting: Anonymous Coward 26085824


Free trade/ Fair trade do we know the difference?
Anonymous Coward
User ID: 28026676
United States
11/18/2012 11:23 PM
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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Would you want to take a pay cut because your board of directors bankrupted a NATIONWIDE company?

Fuck Hostess. And good for their employees refusing to take the 8% pay cut. I would do the same, union or not. The economy may be poor, but I would lose my job before I let an employer who BLEW HIS MONEY, go and take it out on me, the employee, via pay cuts.

There are jobs if you want to work. Sure, may not be in your field, or of the same pay, but there are jobs out there. In the short term I could live with not having my "dream job" to give my employer a big "FUCK YOU" when they bankrupted their selves and want to take it out on me.
 Quoting: Anonymous Coward 18260563


clappa
PhennommennonnModerator (OP)
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11/18/2012 11:28 PM

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Re: Wait - Wuh?? Some Hostess Workers Feel 'Relief' at Losing Jobs ??????????
Communist...right.
 Quoting: Anonymous Coward 17429753


FO dan
:TSfuckyou:
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