I'm sure someone is just gonna buy the company and continue to make them...
Either way, doesn't affect me, I don't eat pig food, thankfully.
this. It's possible we just haven't seen a lawsuit yet.
Except that snack food sales are growing in this country.It's possible they did fuck up. It's equally possible that a nation that's sick of producing fat kids began curtailing hostess cake purchases.
That doesn't mean that wages aren't cut or kept low simply because of greed, nor does that mean that complaints about your wages being cut are just whining.As I said, it always sucks when you have to take a pay cut. If the company can't afford to keep you on, though... something has to give.
Has it been mentioned already that the CEO reportedly was given a 300 percent raise at about the same time they filed for bankruptcy?
I'd say that's a legitimate thing to "whine" about if you're one of the bakers being asked to take a pay cut from $34k to $25k in 5 years.
Don't even think it.
nobody messes with my twinkie.
sorry but it's the first thing that poped in my mind when i heard about the company going under. While yes the company has been missmanaged if they were trying to fix things and get it runing right then yes it really hurts that the union would rather strike and put all these people out of work than try find a way of fixing things with the company.
Sad thing is. well the only ones who suffer atleast the most are the ones that are members of that uninion. most of the suits and higher ups probably do have a plush out and plenty of money to hold them out. but the average worker now lives from paycheck to paycheck. how really is the union helping them now?
Last edited by Arteous; 2012-11-19 at 08:01 AM.
I suspect it's a little of all of the above, it sounds like they've been in and out of bankruptcy court for several years now, clearly the company was not healthy. It is likely mismanagement, combined with a narrowing market and a tightening economy, I'm certain really high wages for the union didn't help, but if a company is healthy, workers can push for a better share for themselves. At one time, their wages might not have been too much.It's possible they did fuck up. It's equally possible that a nation that's sick of producing fat kids began curtailing hostess cake purchases.
Pay cuts, unlike pay raises, can lead down a slippery slope. If Hostess was barely getting by over the past several years, I doubt a minor pay-cut would have significantly increased their chances of success.As I said, it always sucks when you have to take a pay cut. If the company can't afford to keep you on, though... something has to give.
Blizzard removed my subscription from WoD's features, it'll be added sometime later.
And thus I give you: MALE contraception!
Maybe their labor costs got too high, then?Except that snack food sales are growing in this country.
I didn't say complaints over wages were whining. It is ignorant to claim pension money was stolen from you when it was borrowed, though.That doesn't mean that wages aren't cut or kept low simply because of greed, nor does that mean that complaints about your wages being cut are just whining.
The bankruptcy court ruled it a debt. If that isn't legitimizing it I'm not sure what is.
And again, this company was more than Twinkies, it was the #2 bread maker in the country. I happen to like Natures Made bread and some of the other brands they carried (I forget the name of the jewish rye), I'm not sure if they made them also or just sold them.
I remember when I was a kid on fridays when my dad would pick me up from school he would stop at the last gas station on the way home then he would stop at the beach and me and him would sit on a bench and Id have one he would have one and we would chill for 30 mins or so before we would go home. Im gonna have a twinkie on my way home from work now. :>
Hostess management tried to financially engineer their way back to profitability after the 2004 bankruptcy by paying consulting firms and investment banks to restructure their liabilities, only to add to those liabilities in the form of more loans and consulting fees. They did this instead of changing their product line and sales strategies, which have been obsolete for decades. Then along comes the hedge funds, promising to bail them out if they gut employee compensation, and what did they do? Manipulated bankruptcy compensation rules, gave themselves raises, and blamed the unions.
These are the same people who blamed the unions a week ago for closing three bakeries in St. Louis, Seattle, and Cincinnati when it they already planned, months ago, to close 9 bakeries as a result of its restructuring and 3 bakeries when they sold the Merita Breads division. This is all documented in the filings, and people still buy their bullshit?
Of course they do. They're rich assholes in suits. Hell, Greg Rayburn, who tripled his own salary as the company was seeking rescue, could run for President and get 48% of the vote.
Unions have a place in business. proper regulation is also needed to ensure good high quality safe products.
simply thinking that companies will do so because the free market wills it is living a lie.
History has shown that Free markets have no regard for consumer safety. the seat belt was fought tooth and nail
by the auto industry. the recent spinal meningitis deaths of 33 people is due to lack of oversight and proper quality control measures.
That sort of stuff is cheaper in the short run but more expensive in the long run, only if something happens and the owner ship was incompetent or greedy.
this is why we need organization like the FDA, OSHA and unions.