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-   -   RIP Hostess (http://www.muscleandbrawn.com/forum/showthread.php?t=11690)

BendtheBar 11-16-2012 08:02 PM

RIP Hostess
 
The end of Twinkies and Ho Hos.

Quote:

We are sorry to announce that Hostess Brands, Inc. has been forced to shut down all operations and sell all company assets due to the Bakers Union strike. For more information, go to Hostess Brands Information - Home. Thank you to our fans for all your loyalty and support over the years.

moeheep 11-16-2012 08:03 PM

Stock up on Twinkies...after all, they will never go bad!!

BendtheBar 11-16-2012 08:06 PM

Snow Balls going into the freezer :)

Goat 11-16-2012 08:34 PM

Good ole Unions!!! 18,500 more looking for shovel ready jobs.

5kgLifter 11-16-2012 08:37 PM

From another link I read, it seems that the company had issues in the past and the workers had given quite a bit of ground to them then...there are quite a few that consider it to be down to mismanagement and not the unions.

moeheep 11-16-2012 08:45 PM

Quote:

Originally Posted by 5kgLifter (Post 293062)
From another link I read, it seems that the company had issues in the past and the workers had given quite a bit of ground to them then...there are quite a few that consider it to be down to mismanagement and not the unions.

From what I gather, I agree

Goat 11-16-2012 09:25 PM

"Unfortunately, the company's operating and financial problems were so severe that it required steep concessions from a variety of stakeholders but not all stakeholders were willing to be constructive," said Ken Hall, the Teamsters' Secretary-Treasurer.

"Teamster Hostess members, based on the facts and advice from respected restructuring advisors, understood what was at stake and voted to protect all jobs at Hostess."

Frank Hurt, president of the bakers' union, called the liquidation "a deep disappointment" but said his members weren't the ones responsible, blaming the various management teams in place at Hostess over the past eight years for failing to turn the firm around.

"Our members decided they were not going to take any more abuse from a company they have given so much to for so many years," Hurt said in a statement late Friday. "They decided that they were not going to agree to another round of outrageous wage and benefit cuts and give up their pension only to see yet another management team fail and Wall Street vulture capitalists and 'restructuring specialists' walk away with untold millions of dollars."

The teamster voted to keep there jobs, the bakers union did not. This forced the company to ask for close its operations

Hostess Brands closing for good due to bakers strike - Nov. 16, 2012

Seem to me the Hostess was still wiling if the unions were.

Goat 11-16-2012 09:26 PM

Quote:

Originally Posted by 5kgLifter (Post 293062)
From another link I read, it seems that the company had issues in the past and the workers had given quite a bit of ground to them then...there are quite a few that consider it to be down to mismanagement and not the unions.

Interesting, show me the linky.

JacktheThriller 11-16-2012 10:45 PM

wont affect Canadian hostess product production

EliteDreams 11-16-2012 11:15 PM

You forgot to mention snow balls ding dongs and wonderbread! This pisses me off.


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