Hostess' Union Wins Big

[Vette_Newb]

Now they don't even have to work anymore..

UNION STRIKE KILLS THE TWINKIE

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” CEO says

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 said in 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.

The Irving, Texas-based company had already reached a contract agreement with its largest union, the International Brotherhood of Teamsters. But thousands of members in its second-biggest union went on strike late last week after rejecting in September a contract offer that cut wages and benefits. Officials for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union say the company stopped contributing to workers' pensions last year.

In an interview with Fox Business, CEO Gregory Rayburn said many workers had already crossed picket lines this week to go back to work despite warnings by union leadership that they'd be fined.

"The problem is we don't have enough crossing those lines to maintain normal production," said Rayburn, who first joined Hostess earlier this year as a restructuring expert.

Hostess said that production at about a dozen of the company's 33 plants had been seriously affected by the strike. Three plants were closed earlier this week.

The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade. The company cited increasing pension and medical costs for employees as one of the drivers behind its latest filing. Hostess had argued that workers must make concessions for it to exit bankruptcy and improve its financial position.

The company, founded in 1930, was fighting battles beyond labor costs, however. Competition is increasing in the snack space and Americans are increasingly conscious about healthy eating. Hostess also makes Dolly Madison, Drake's and Nature's Pride snacks.

If the motion is granted, Hostess would begin closing operations as early as Tuesday.

"Most employees who lose their jobs should be eligible for government-provided unemployment benefits," Hostess said.

http://www.nbcdfw.com/news/national-...179643161.html

[Texdentist]

I stopped at the store on the way to work this morning and bought Twinkies for all of my workers. I hope the union bakers didn't spit in the last batch they made.

[walleyfisher]

Sounds to me that the employees just got the raise they wanted. Obama cash

[Matt383]

Gotta love them unions.

Not making enough money? Go on strike.

Now they have no jobs.

18,500 will now file for unemployment.

[Texdentist]

Originally Posted by walleyfisher

Sounds to me that the employees just got the raise they wanted. Obama cash

Yep. Obama is thrilled. 18,000 more guaranteed Democratic votes.

[Matt383]

Free money for 99 weeks

Free obama care

18,500 more people taking from the fed and not contributing

Looks like we are heading towards Greece faster than you think.

"The thing about socialism is that eventually you run out of other people's money"

[blckslvr79]

Where's all our friendly Pro-Union defenders????

Unions just killed the Twinkie! Murderers!!!!


No more...
http://money.cnn.com/2012/11/16/news...stess-closing/

I love me some Ho Hos and and Hostess cherry Fruit Pies!

You bastards!

You Tube

You Tube

[Texdentist]

Chapter 2: I got my ass handed to me on a platter by the girls for bringing Twinkies when they are all on a forever diet. Probably explains why Hostess is in trouble in the first place.

[blckslvr79]

Originally Posted by Texdentist

Chapter 2: I got my ass handed to me on a platter by the girls for bringing Twinkies when they are all on a forever diet. Probably explains why Hostess is in trouble in the first place.

I'd send them all home today with no pay for disgracing an American Icon! How dare they!

[Texdentist]

Originally Posted by blckslvr79

I'd send them all home today with no pay for disgracing an American Icon! How dare they!

It's gonna be 72, no wind and sunshine. I might have to think about it.

[Matt383]

Originally Posted by blckslvr79

I'd send them all home today with no pay for disgracing an American Icon! How dare they!

FYI...

Twinkie was invented in Chicago.

Poor man's teramassou: Pour coffee liquer over a twinkee!!

[1963SS]

It's got to be a liberal plot to undermine the voters wishes. Two states have legalized recreational pot use and many more have medical marijuana laws ans now they're going to quit selling Twinkies.

Coincidence........I don't think so.

Marijuana is a gateway drug to a Twinkie addiction.

[blckslvr79]

Originally Posted by 1963SS

It's got to be a liberal plot to undermine the voters wishes. Two states have legalized recreational pot use and many more have medical marijuana laws ans now they're going to quit selling Twinkies.

Coincidence........I don't think so.

Marijuana is a gateway drug to a Twinkie addiction.

If they take away Doritos, I'll agree with you.

[XQIZT]

Originally Posted by blckslvr79

Where's all our friendly Pro-Union defenders????

Do you really think anyone defends a Union demanding so much that it drives the employer out of business? Really? It's stupid generalizations like this that cause the crippling gridlock that we see.

[XQIZT]

Originally Posted by matt383

fyi...

Twinkie was invented in chicago.

Poor man's teramassou: Pour coffee liquer over a twinkee!!

nice!