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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 American View Post
    It wouldn't be employee owned, it would be union owned.
    There are some employee-owned companies. However, the employees would have to buy the assets of the company to do so.

    Creditors are entitled to their money as are stockholders for whatever value the inventory, equipment and property is worth. If employees could just take over companies no vendors would supply companies, no one would invest in companies and no bank would loan money to any company.

    For how the government re-wrote bankruptcy law for GM, financing and investing in GM would be a very bad gamble as the President could just decide again that you got nothing at all.

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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
    They actually did have emergency financing, from a hedge fund that was already one of their creditors.
    It's just that large work stoppages like this dry up revenue, rather quickly.
    They also risk permanent lose of shelf space - which is a real battle in the retail industry. Once space for Hostess products if filled with other products, there is no assurance that business will give that space back to Hostess products - regardless of who is making them.

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

    Quote Originally Posted by joko104 View Post
    They also risk permanent lose of shelf space - which is a real battle in the retail industry. Once space for Hostess products if filled with other products, there is no assurance that business will give that space back to Hostess products - regardless of who is making them.
    I imagine some notable and not so notable companies will buy up the various brands.
    Twinkies aren't dead, just delayed at the moment.
    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.
    —Adam Shepard

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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
    I imagine some notable and not so notable companies will buy up the various brands.
    Twinkies aren't dead, just delayed at the moment.
    Have faith Tallahassee.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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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
    I imagine some notable and not so notable companies will buy up the various brands.
    Twinkies aren't dead, just delayed at the moment.
    I prefer the little debbie brand of twinkies(golden cremes) and ho-hos(swiss cake rolls).

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

    Ah, the modern union fully exposed for all to see.

    Because we all know of course, making Twinkies is a $20-per-hour job if there ever was one.

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

    Quote Originally Posted by Samhain View Post
    I prefer the little debbie brand of twinkies(golden cremes) and ho-hos(swiss cake rolls).
    Ya I grew up on little debbie to, but the Twinkies brand is very valuable.
    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
    Ya I grew up on little debbie to, but the Twinkies brand is very valuable.
    Absoutely. How else can you explain the normal psychokinetic energy in the New York area? Only a Twinkie will do, only a Twinkie.

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

    Quote Originally Posted by Samhain View Post
    Absoutely. How else can you explain the normal psychokinetic energy in the New York area? Only a Twinkie will do, only a Twinkie.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Isn't amazing that when businesses fail it's always the workers' fault -- never management's fault for being ****ty at managing the company. The fact is that Interstate Bakeries (Hostess' parent company) has been failing for a long time due to its inability to adapt to a changing marketplace. That's not to say that the union was right in digging in its heels, but let's not ignore management's share of the blame.

    A 2003 article pointing to IBC's management problem: Interstate Half Baked

    They went bankrupt in '04 and emerged as Hostess Brands, then nearly went bankrupt again last year, before finally failing this year.
    Last edited by AdamT; 11-16-12 at 11:55 AM.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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