Home - by Cardigan - November 17, 2012 - 09:00 America/New_York - 22 Comments
November 17th, 2012
I’m waiting for Barry to blame this on Bush.
Eleanor in Hell
I’d love to see Hostess nationalized and then Michelle could have Twinkies stuffed with healthy kale, tofu, eggplant, hummus, or mushrooms.
F.D.R. in Hell
Keebler started making their own versions of Girl Scout cookies earlier this year. I’m sure some enterprising bakery will pick up and carry this torch.
Classic Rush Limbaugh monologue. “The True Meaning of Thanksgiving”…
Can someone, anyone, please interview the wonderchild union reps that did these “talks” with the company?
I want to hear from the bakers union reps and hear them explain how this is a GOOD thing for the union!
Nevermind the workers (because hey dont give a cold turd about them in the 1st place) but THE UNION is gonna lose the dues from 18,000 work-slaves, so how is that a “good thing” for THE UNION?
I would think that 18,000 people that is looking at the democrate dream come true (99 weeks unemployment, food stamps, housing, fuel assistance, WIC, and state-handouts) will be a little bit pissed of and seeking payback at the union bosses McMansions and gold-trimmed caddilacs, maybe even some good ole fashion up close and personal face-beatings!
A report said that they also baked Drakes products. No more RingDings, Yodels, Fruit Pies, or Devil Dogs.
Now I’m mad!
Looks like the unemployment figures will “unexpectedly” rise again.
FreeMan & Sarah Intend to Defend
OPEN NOTE to the 18,000
You really need to march on Trumkas house and take it out on him. He caused you to refuse a 8% reduction in pay, in so doing you caused yourself a 100% reduction in pay and benefits. He and yourself are to blame for the demise of several iconic brands along with your jobs.
I hope you are happy.
You will need to eat each other because besides voting for a strike, your union dues, and your misguided votes were used to reelect Obama, a man whose wife has targeted your snack company causing them the financial issues they were in. You would have voted yourself out of work sooner or later anyway. Thanks to your ill-informed stupidity it was sooner.
Are the maggots ‘entitled’ to 99 weeks of unemployment even though they caused their unemployment?
Boobie the Rocket Dog
Now all those 18,000 get to start their 99-week vacays.
They will always be able to find another job …. wait~ ! I’m sure there are a lot of Union jobs out there just waiting for them to apply … or not!
They maynot be eligible for uneployment benefits. Recall the Air Traffic Controllers strike, none of those 13,000 got unemployment benefits
Wonderful, the union workers won’t be able to pay their union dues and when trimming the fat. The union fat cats can begin to starve.
This is good news for Obama and his fuzzy math accountants.
With 18,000 new applicants laid off, the unemployment should drop below 7%.
The prevailing union narrative is wrong.
The controlling equity owner of Hostess brands is a Private Equity firm (Ripplewood) owned by an influential Democrat named Tim Collins.
Collins is a pro-union guy who wanted to get into deals with union-shop companies.
A crony of Dick Gephardt, the celebrated pro-union former Congressman and presidential condidate, Collins benefitted from an associaiton with Gephardt’s labor advisory firm as Hostess emerged from the 2004 bankruptcy.
To get out of that bankruptcy, Collins persuaded hedge funds Silver Point and Monarch, the major lenders who had helped keep the doors open, to stick with the company instead of calling in their loans.
In addition to that, Collins (the pro-union Democrat) sought and obtained concessions from the unions, saving the company $110 million in annual labor costs.
In spite of these efforts, Hostess brands couldn’t turn itself around, due to a drop in consumer demand and a rise in the price of its ingredients. Negative cash flow ensued.
Meanwhile a huge unfunded pension liability was further and further from being solved.
Collins (the pro-union Democrat) sincerely wanted to keep the compnay afloat so he sought additional concessions from labor. The teamsters agreed. The bakers did not.
This time, the lenders are not willing to stick with Collins and Hostess.
In liquidation, the lenders will recover pennies on the dollar.
Collins will not recover his hundreds of millions in capital.
And the workers all lose their jobs.
@no-mo-obamy – one more point –
A brand has value and the CEO can sell off those brands to assure his return on investment. Maybe you can eat a twinkie made in Mexico but I will never eat one.
Here’ a little “snack cake for thought”… Why aren’t companies proposing to band together, cease all production, furlough employees etc… as a kind of capitalist revolt against this bullshit? No tax revenue= a more responsive government. Furthermore, why don’t those industries that are located in those blue areas move to red areas and refuse to distribute their products to blue areas. These F#$%ing libtards pull this shit all the time on corporations that don’tsubscribe to their agenda, why not turn their tactics against them? I’m sick and tired of those persons in urban areas that produce NOTHING dictating how those who do produce live. Just my 2 cents.
I think it’s time to set the story straight..
We’ve all been duped into believing the union is to blame for everything, while I don’t like the Union or what it stands for. I am even more disgusted by the employees of Hostess Brands who posted a list of so called ‘executives’ making $65,000 -$75,000 A MONTH while their plant workers, some after 30 years working for the company, receiverd minimum wage and part time pay scales. Managements intention was to ‘break’ the union and disarm the employees so that executives could continue to bleed the company dry.
Hostess refused to update or replace their plant equipment and technology, and their recipes were so outdated that many supermarkets that used to buy their bread and cakes from Hostess refused to renew their contracts.
As for the Twinkies. Just stock up on them because they have no ‘expiration date’ and will last, unrefrigerated, for decades. They are made almost entirely from ‘preservatives and other longevity enhancing ingrediants’ so just pile them up in your garage because they’ll outlive most people, especially if they eat the Twinkies.
It’s a bad situation for it’s 18,500 employees, but the blame lies entirely at the feet of the HUNDREDS of its top heavy and completely incompetent management ‘team’ each of which are still being paid close to or above $1 million dollars a year.
I went to Wal-Mart this afternoon and I was too late… almost all the Hostess things had been snatched already. There were just a few cinnamon rolls and powdered doughnuts left. I’m gonna have to do without, cause I can’t pay $100 a box for them on ebay.
I hear you Ricky
Modern management is no joy either.
But you have large corporations, unions and government barking at each other all the while middle income America is getting screwed by all of them. Where is our own voice? Let my people go!
@Ricky – Bull..’effin’…crap! Cry me a river.
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