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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]

    I was trying to be sarcastic - sorry.

    Quote Originally Posted by American View Post
    No, because Twinkies make kids fat.

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

    Quote Originally Posted by winston53660 View Post

    The finance department group gets paid hourly rates that top out at $895 per hour. You might think that would supplant the need for a financial adviser in the case, but Hostess is asking to retain one of those, too.

    And then there is the $1.25 million completion fee that FTI will get at the end of the case.

    They don't have the money for 18/hr, but they do for $895/hr? That should tell you what's wrong with the company right there.

    Damn Unions.....


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

    Quote Originally Posted by AdamT View Post
    So your position is that management bears NO responsibility for the failed business?
    What deserves a Doh!, is your response.

    We are talking about the here and now. This management is not to blame.
    The Union and it's members are.


    From the link in the OP.
    This particular Union wanted this to happen.

    2NEWS also spoke with Fred Frierson, a business agent for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which represents Hostess employees.

    "If they liquidate, we feel like we could get a better deal with the new people that come in," he said. "Somebody's going to buy it. Somebody's going to pick that volume up that's out there, and we feel like we will be able to come up with a better deal than we've got now."


    From the link Maggie provided.

    Hostess said the union chose not to negotiate on the bankruptcy court-approved contract earlier this year. It said union leadership was “giving its members a false sense of hope that a buyer would purchase the company if it liquidated.”
    Hostess assesses possible liquidation as two sides trade barbs - KansasCity.com

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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
    They don't have the money for 18/hr, but they do for $895/hr? That should tell you what's wrong with the company right there.

    Damn Unions.....
    $18/hr x 40 hours = $720/week
    approximately 1/3 of the total work force = 6,167 employees
    6,167 employees x $720 = $ 44,400,240 a WEEK in wages.

    On the other hand, $895/hour x 40 hours = $35,800 a week, or about 0.08% of the total union labor salary.

    Had the unions accepted the average $2/hr decrease in pay, the company would have saved $493,360 a week in wages, plus the additional savings in benefits. Significantly MORE than the cost of the 1 financial analyst they've asked to retain as they liquidate (a person they would sorely need for the process, I'd imagine).
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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
    They don't have the money for 18/hr, but they do for $895/hr? That should tell you what's wrong with the company right there.

    Damn Unions.....

    And it seems like there finance dept wasn't quite properly set up.

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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
    $18/hr x 40 hours = $720/week
    approximately 1/3 of the total work force = 6,167 employees
    6,167 employees x $720 = $ 44,400,240 a WEEK in wages.

    On the other hand, $895/hour x 40 hours = $35,800 a week, or about 0.08% of the total union labor salary.

    Had the unions accepted the average $2/hr decrease in pay, the company would have saved $493,360 a week in wages, plus the additional savings in benefits. Significantly MORE than the cost of the 1 financial analyst they've asked to retain as they liquidate (a person they would sorely need for the process, I'd imagine).
    So they could save the whole thing with a layoff. Again, seems dumb to me to shut down the whole thing when it could happen otherwise.

    Look, the Union is dumb here, but certainly mismanagement over the last decade or more seems to me to have more to do with their problems than a Union. Why let that get in the way of a good old-fashioned DP union-bash fest.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Quote Originally Posted by winston53660 View Post
    And it seems like there finance dept wasn't quite properly set up.
    But that has nothing to do with it...


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    Quote Originally Posted by Born Free View Post
    What your suggesting is that no company should ever go into bankruptcy. And if it does it's managements fault. That is as naive as it gets. One little example, you have one union shop competing with a nonunion shop with lower wages who's going to win? You have dumbass union workers that don't want to work with management so that company can compete, so the company is forced into bankruptcy. And how stupid is the union, they are now all out of work for good. And the new buyer picking up the pieces will not be union, that you can go to the bank with. Goodby more unions shops.
    Ya think...

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

    Quote Originally Posted by AdamT View Post
    So your position is that management bears NO responsibility for the failed business?
    Yes it is my position, I answered you in this post before.

    "What your suggesting is that no company should ever go into bankruptcy. And if it does it's managements fault. That is as naive as it gets. One little example, you have one union shop competing with a nonunion shop with lower wages who's going to win? You have dumbass union workers that don't want to work with management so that company can compete, so the company is forced into bankruptcy. And how stupid is the union, they are now all out of work for good. And the new buyer picking up the pieces will not be union, that you can go to the bank with. Goodby more unions shops."
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by Excon View Post
    What deserves a Doh!, is your response.

    We are talking about the here and now. This management is not to blame.
    The Union and it's members are.


    From the link in the OP.
    This particular Union wanted this to happen.

    2NEWS also spoke with Fred Frierson, a business agent for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which represents Hostess employees.

    "If they liquidate, we feel like we could get a better deal with the new people that come in," he said. "Somebody's going to buy it. Somebody's going to pick that volume up that's out there, and we feel like we will be able to come up with a better deal than we've got now."


    From the link Maggie provided.

    Hostess said the union chose not to negotiate on the bankruptcy court-approved contract earlier this year. It said union leadership was “giving its members a false sense of hope that a buyer would purchase the company if it liquidated.”
    Hostess assesses possible liquidation as two sides trade barbs - KansasCity.com
    Speaking of potential buyers, I half seriously suggested that Hostess could have stayed in business by moving production to Mexico. I may have been more precient that I thought:

    Next Twinkie Maker: Will A Mexican Billionaire Family Buy Hostess' Orphaned Brands? - Forbes

    This will of course completely cut the union out. Those 18,000 jobs, mostly non-union, are dead and gone as far as US workers are concerned. All that's left for union supporters to do is point fingers.

    And this leaves the senior managment without jobs, too. I don't know how much more sincere they can get about it.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

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