No more twinkies???? Hostess going out of business

newworldafro

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In the Silver Lining
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All this "greedy union" talk is retarded. They had already taken two pay cuts, but the company wanted them to take a third. I wonder how much of a cut the CEOs took?

These anti-union people are the same as GOP Joe the Plumber types.

"I hate unions." :scusthov:

nikka, y'all are peons. Unless you're making upwards of 100K you need a union. Look at Walmart.
 

Rarely-Wrong Liggins

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No its not, its common sense. The economy is in the shytter and 18,000 union workers are out of a job. The chances they land a job with the same pay is extremely unlikely. I'd rather keep people working.

The company cut off it's nose to spite it's face. Rather than walk back the proposed third pay cut, they've decided to LIQUIDATE THE COMPANY. It's like executing a child for stealing a Twinkie.
 

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Hostess was privately held by a PE firm, the sole goal of a PE firm is to make a company profitable so they can get their return, if the pieces they need aren't there, the company is done, those firms aren't going to continue to lose money on an investment. The unions should've know this wasn't some public company or sentimental family biz where continued refusals were going to go well. I understand you don't want to take a pay cut, but let's say you made 40k there, it's 3200 a year in salary we're talking about here, with escalators in the next four years. 36800 is better than nothing. Plus with the continued rise in commodities and shrinking market for unhealthy snacks like that, everything points to a company needing to reduce costs to turn a profit. I'm for unions protecting workers from being victimized and taken advantage of, but a lot of them are simply unrealistic about today's economy and have been the source of continued outsourcing. They make themselves an uncompetitive workforce

How much will these firms be able to cut before that excuse is no longer valid? :aicmon:

"Well $12000 is better than nothing. :troll:"

This sounds like some Bain Capital shyt.
 
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Between this and Elmo getting outted my childhood is dying. What are weed heads gonna do now since there are no more Coffee Cakes, Ho Ho's, Twinkies etc?
 
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