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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 Grim17 View Post
    The company has made it clear, that there is nobody waiting in the wings to buy them, nor anyone even offering to do so.
    But market analyst believe there will be several people interested in buying their brands. I don't care who makes them, just as long as their goodness returns to the marketplace. The employees get what they deserve trying to hold an already bankrupt company Hostage.

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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
    But market analyst believe there will be several people interested in buying their brands. I don't care who makes them, just as long as their goodness returns to the marketplace. The employees get what they deserve trying to hold an already bankrupt company Hostage.
    It's not just that 18,000 jobs will be lost, but that 18,000 more people will be going on the government dole and collecting up to 99 weeks of public money to support them, when these people voluntarily pissed away a decent paying job.

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

    Quote Originally Posted by Grim17 View Post
    It's not just that 18,000 jobs will be lost, but that 18,000 more people will be going on the government dole and collecting up to 99 weeks of public money to support them, when these people voluntarily pissed away a decent paying job.
    The people who will be making twinkies under a new company will wash out some of the loss. But, if someone pisses away a job in today's world, maybe others will see that unions are not always the answer they think they are, because my guess is whoever buys the brands will not be reopening those factories. They will move into other facilities in places where people are a little less willing to throw the baby out with the bathwater.

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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
    But market analyst believe there will be several people interested in buying their brands. I don't care who makes them, just as long as their goodness returns to the marketplace. The employees get what they deserve trying to hold an already bankrupt company Hostage.
    Who's going to buy them? The "Twinkie" may well be an American icon but it's also a relic of the days when sugary globs of fat were all the rage. In today's market you have to have something "healthy" in your lineup or you're done. Besides, as we move more and more toward a single payer health care system the likelihood of the product simply being banned becomes more and more realistic.

    If anything, the dissolution of Hostess will open up some C-Store shelf space for regionally produced treats.

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

    Quote Originally Posted by Grim17 View Post
    This isn't good... I guess the question for the union workers is:

    Is a job with a cut in pay, better than no job at all?

    Read more: Hostess announces possible liquidation
    From their website:

    Hostess to Liquidate if Strikes Impede Normal Operations Past 5 p.m., EST, Thursday
    November 14, 2012

    Irving, TX – November 14, 2012 – Hostess Brands Inc. announced today that it will file a motion with the U.S. Bankruptcy Court on Friday to liquidate the entire Company if enough striking employees do not return to work by 5 p.m., EST, Thursday to enable the Company to resume normal operations. The strikes were called on November 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers Union (BCTGM).

    “We simply do not have the financial resources to survive an ongoing national strike,” said Gregory F. Rayburn, the Company’s Chairman and CEO. “Therefore, if sufficient employees do not return to work by 5 p.m., EST, on Thursday to restore normal operations, we will be forced to immediately move to liquidate the entire Company, which will result in the loss of nearly 18,000 jobs. It is now up to Hostess’ BCTGM represented employees and Frank Hurt, their international president, to decide if they want to call off the strike and save this Company, or cause massive financial harm to thousands of employees and their families.”
    What kind of union plays this kind of chicken with their employees' jobs? The article went on to say that they will file a motion tomorrow to liquidate, hopefully get it approved by Monday and shut down on Tuesday.

    Whose interests are being served here? Whose? One might say "the union's." But they lose 7,000 dues-paying members.
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Lutherf View Post
    Who's going to buy them? The "Twinkie" may well be an American icon but it's also a relic of the days when sugary globs of fat were all the rage. In today's market you have to have something "healthy" in your lineup or you're done. Besides, as we move more and more toward a single payer health care system the likelihood of the product simply being banned becomes more and more realistic.

    If anything, the dissolution of Hostess will open up some C-Store shelf space for regionally produced treats.
    It would be a good buy for Nestle that already has an extensive distribution network. While Coke is mainly beverage, you never know they may be willing to diversify their holdings. Pretty much anyone in food/beverage should take a look. They were dragged down by old debt and unions, not the lack of a market.

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

    What I'd like to know is what kind of cuts the executives are facing. Is the idea of shared sacrifice dead in America, or is it all a "we win, you lose" mentality?

    I'd certainly be suspect if there's still executives up the wazoo raking it in and asking the workers to take the cuts. For example, does the CEO's secretary have a secretary? You can laugh if you want, but trust me this sort of **** happens. Then they blame their own mismanagement on the employees. Union or not.


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

    Quote Originally Posted by rocket88 View Post
    What I'd like to know is what kind of cuts the executives are facing. Is the idea of shared sacrifice dead in America, or is it all a "we win, you lose" mentality?

    I'd certainly be suspect if there's still executives up the wazoo raking it in and asking the workers to take the cuts. For example, does the CEO's secretary have a secretary? You can laugh if you want, but trust me this sort of **** happens. Then they blame their own mismanagement on the employees. Union or not.

    Why should the Hostess executives take pay cuts? You don't see other executives taking pay cuts.

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

    Quote Originally Posted by rocket88 View Post
    What I'd like to know is what kind of cuts the executives are facing. Is the idea of shared sacrifice dead in America, or is it all a "we win, you lose" mentality?

    I'd certainly be suspect if there's still executives up the wazoo raking it in and asking the workers to take the cuts. For example, does the CEO's secretary have a secretary? You can laugh if you want, but trust me this sort of **** happens. Then they blame their own mismanagement on the employees. Union or not.
    Why is it always about what the other guy makes, rather than what you make?

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

    Quote Originally Posted by MaggieD View Post
    From their website:



    What kind of union plays this kind of chicken with their employees' jobs? The article went on to say that they will file a motion tomorrow to liquidate, hopefully get it approved by Monday and shut down on Tuesday.

    Whose interests are being served here? Whose? One might say "the union's." But they lose 7,000 dues-paying members.
    Why in the hell would they strike under those conditions, especially if they want to keep their jobs? It strikes me as insanity.
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