Page 28 of 66 FirstFirst ... 18262728293038 ... LastLast
Results 271 to 280 of 653

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

  1. #271
    Sage

    Join Date
    Oct 2011
    Last Seen
    Today @ 12:59 AM
    Gender
    Lean
    Other
    Posts
    10,344

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

    Quote Originally Posted by Harry Guerrilla View Post
    Actually shareholders get ****ed the most.
    The union members still have part of their pension guaranteed by us, can still get medical care while being laid off, get unemployment benefits, etc.

    The private equity holders get, whatever is left over after debt holders are paid, which is pennies on the dollar, if anything at all.
    It's pretty crazy that a 1/3 of the employees can essentially rob, the rest of the people involved in this business.
    The shareholders are the low end of the totem pole, along with those losing their jobs. I think that the number of striking employees was around 1500 against 18,500 employed. That is around 8 or 9 %.

    Maybe it is time for a vote of the employees to see whether they still want to remain members of a nonexistant union.

  2. #272
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

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

    Quote Originally Posted by jimbo View Post
    The shareholders are the low end of the totem pole, along with those losing their jobs. I think that the number of striking employees was around 1500 against 18,500 employed. That is around 8 or 9 %.

    Maybe it is time for a vote of the employees to see whether they still want to remain members of a nonexistant union.
    Yes and no, some of those losing their jobs get shafted, those that aren't part of the union.
    Others, who are, don't loose nearly as much, as the gov offers a backstop for them.

    I would agree, they should be allowed to opt out of the unions lunacy, to go back to work.
    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

  3. #273
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

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

    Quote Originally Posted by Harshaw View Post
    I suspect much of the increase in productivity has its basis in technology.
    Well yes, exactly, which was the point.

  4. #274
    Battle Ready
    Grim17's Avatar
    Join Date
    Jul 2009
    Location
    Southwestern U.S.
    Last Seen
    Today @ 12:10 AM
    Gender
    Lean
    Conservative
    Posts
    24,139
    Blog Entries
    20

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

    Quote Originally Posted by a351 View Post
    In all fairness, you did start a thread in criticism of "that other guy" and his efforts to secure a higher wage for himself.
    I have no issue with those workers trying to secure a better wage from the company, but that time had long since passed. They were left with a choice to either accept and 8% pay cut, or lose their jobs permanently. It was a no-brainer... Or you would have thought.

    My response was to a post that was trying to make an issue out of management/executive pay, which was absolutely irrelevant to this issue.

  5. #275
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

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

    Quote Originally Posted by Grim17 View Post
    I have no issue with those workers trying to secure a better wage from the company, but that time had long since passed.

    My response was to a post that was trying to make an issue out of management/executive pay, which was absolutely irrelevant to this issue.
    That's ultimately their judgement.

    Quite obviously costs had to be minimized in some manner, why wouldn't executive and managerial pay come into play at some point in the talks?

  6. #276
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 10:35 PM
    Gender
    Lean
    Conservative
    Posts
    57,123

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

    Quote Originally Posted by Grim17 View Post
    I have no issue with those workers trying to secure a better wage from the company, but that time had long since passed. They were left with a choice to either accept and 8% pay cut, or lose their jobs permanently. It was a no-brainer... Or you would have thought.
    We have reached the point of economic illiteracy in this nation where we think we can make ourselves wealthy by demanding it. It is unsurprising this would spill over from politics into the private market.

  7. #277
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

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

    Quote Originally Posted by a351 View Post
    That's ultimately their judgement.

    Quite obviously costs had to be minimized in some manner, why wouldn't executive and managerial pay come into play at some point in the talks?
    Executive management have already had their pay cut to $1 a year......
    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

  8. #278
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

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

    Quote Originally Posted by Harry Guerrilla View Post
    Executive management have already had their pay cut to $1 a year......
    Yeah, I saw that. Did you see that they'd increased their salaries by 80% the year prior? Takes some of the luster off that gesture.

    position. Fortune reported that unions within the organization had been unhappy with Driscoll's proposed compensation package of $1.5 million, plus cash incentives and a $1.95 million "long term compensation" package. Additionally, the court had discovered that Hostess executives had received raises of up to 80% the year prior. In an effort to restore relations, Rayburn cut the salaries of the four top Hostess executives to $1, to be restored on January 1 the following year
    Hostess Brands - Wikipedia, the free encyclopedia

    (I think the union was wrong to strike and put them out of business . . . cutting off their own noses. But management wasn't innocent . . . )
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  9. #279
    Guru

    Join Date
    Aug 2009
    Last Seen
    11-24-13 @ 11:44 AM
    Gender
    Lean
    Conservative
    Posts
    3,001

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

    Liberals have no qualms ruining a national holiday.

    Our Thanksgiving is now ruined.

    With Hostess going out of business, we can no longer enjoy Twinkie stuffing.

    Twinkie Stuffing Is Here To Help Give Thanks | Foodiggity.com

  10. #280
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

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

    Quote Originally Posted by MaggieD View Post
    Yeah, I saw that. Did you see that they'd increased their salaries by 80% the year prior? Takes some of the luster off that gesture.



    Hostess Brands - Wikipedia, the free encyclopedia

    (I think the union was wrong to strike and put them out of business . . . cutting off their own noses. But management wasn't innocent . . . )
    The CEO was a new guy, replacing the less worth CEO who increased his pay.
    The new guy was a "fixer" who was left with a mess.
    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

Page 28 of 66 FirstFirst ... 18262728293038 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •