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Thread: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by UtahBill View Post
    since when is wonderbread the cheapest bread? it is usually a local or store brand....
    besides, wonderbread sucks....
    Wonder is not the cheapest brand but it is my WIFE's favorite. I DO purchase the store brand (when she's not around). My underlying point was that there is no surplus of large volume bakeries, increasing the existing ones production is somewhat limited AND bread is a general staple for a vast portion of consumers. This reduction in supply will cause even the price of the 'local or store brand' to increase. Agree?
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Fisher View Post
    If it liquidated they could if they bought what they need from the bankruptcy trustee to reopen, but I doubt the employees have the money. When that has happened in the US, it usually was when there was a large multi-generation pension plan that bought the company's stock out.

    EDIT: It is done.

    Hostess, maker of Twinkies and Ding Dongs, says closing business - Business on NBCNews.com

    In a statement, Hostess said its bakery operations have been suspended at all plants and that it would lay off most of its 18,500 workers to focus on selling its assets. It said it has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including 33 bakeries and 565 distribution centers.

    The company said it would continue to deliver products and its stores would remain open for several days to sell already-baked products.

    "The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate after one of the company's largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the company's ability to produce and deliver products at multiple facilities," Hostess said in the statement.
    I just can't believe it.

    I'm thinking it's not over yet. Perhaps the company is counting on the bankruptcy judge imposing that contract on the workers....? I don't know if they can do that, but from this link is appears they can actually throw it out:

    American Airlines took a major step toward emerging from bankruptcy Tuesday, when a federal judge threw out its pilots' union contract. The airline's management has already negotiated concessions from its flight attendants, maintenance workers and other unionized employees. The decision by Judge Sean H. Lane will now let the Fort Worth-Texas airline lower its pilot payroll.
    Bankruptcy judge throws out AMR pilots' contract - Yahoo! Finance

    Only about 7,000 of Hostess Brands' 18,000 employees are union. I'd imagine the other 11,000 are pissed as hell.

    If the union doesn't have something up its sleeve here, I think they're the worst union on planet earth. If they think they sent a message to other employers with their putting this company out of business, I'm thinking it's the other way round -- this sent a message to other employees at other companies that their union is screwing with their livelihood.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    I hope the union is happy with what they've accomplished here. I hope the union workers are happy taking a 50%+ cut in pay for 36-99 weeks while they're on unemployment. I hope the non-union workers make the union workers feel like the selfish, irrational little assholes they are.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Well that certainly showed 'em. What was the point of this idiotic display again?
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Dickieboy View Post
    This might alleviate some of the 'executive pay' concerns projected in this thread:

    Hostess cuts execs' salaries after creditors complain - Dallas Business Journal

    I'd say this is MUCH more committment than the mere $2/hr the union hands are protesting:
    Woah, they aren't even making a "living wage" someone hurry up and get outraged.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by tessaesque View Post
    I hope the union is happy with what they've accomplished here. I hope the union workers are happy taking a 50%+ cut in pay for 36-99 weeks while they're on unemployment. I hope the non-union workers make the union workers feel like the selfish, irrational little assholes they are.
    And how do you propose that they "make the union workers feel like the selfish, irrational little assholes they are"? Felony harassment? Violence? What's the game plan here?

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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    What I didn't know is that Rayburn took over as CEO in March of this year and had absolutely nothing to do with the shady pre-Ch11 filing behavior of the board/executives. That he managed to convince the top 4 beneath him to take a $1/year salary through the restructuring, and that he also convinced 4 other executives to take significant cuts to their salary speaks volumes to me about the man's intentions and goals.

    And it just reinforces to me that the unions gave absolutely no ****s whether or not the cuts would ensure job stability and longevity for the Hostess brands, nor did they care that salary cuts had already been implemented at the top. They just didn't want to participate in the belt tightening, so instead of accepting a fairly modest cut (which nearly half of unionized workers had already accepted) they decided to burn the company to the ground. How utterly despicable.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Zalatix View Post
    And how do you propose that they "make the union workers feel like the selfish, irrational little assholes they are"? Felony harassment? Violence? What's the game plan here?
    "You're selfish assholes who cost the rest of us our jobs."

    Should suffice right nicely.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by tessaesque View Post
    What I didn't know is that Rayburn took over as CEO in March of this year and had absolutely nothing to do with the shady pre-Ch11 filing behavior of the board/executives. That he managed to convince the top 4 beneath him to take a $1/year salary through the restructuring, and that he also convinced 4 other executives to take significant cuts to their salary speaks volumes to me about the man's intentions and goals.

    And it just reinforces to me that the unions gave absolutely no ****s whether or not the cuts would ensure job stability and longevity for the Hostess brands, nor did they care that salary cuts had already been implemented at the top. They just didn't want to participate in the belt tightening, so instead of accepting a fairly modest cut (which nearly half of unionized workers had already accepted) they decided to burn the company to the ground. How utterly despicable.
    Sorry Tess, by default CEO's are evil.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Harry Guerrilla View Post
    Sorry Tess, by default CEO's are evil.
    I thought I saw a little barbed tail sneaking out from under his suit jacket, come to think of it....
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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