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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 johnny_rebson View Post
    Why should the Hostess executives take pay cuts? You don't see other executives taking pay cuts.
    It would make a whole lot of sense to me if the executives were taking the same pay cuts they were giving to their employees. If the executives don't like it? Let them find other jobs. Seems to me that's a sense of fairness that just makes sense.

    And yet we have THIS:

    Last July, the court documents said, the compensation committee of Hostess's board approved an increase in then-chief executive Brian Driscoll's salary from to $2.55 million from around $750,000. The company had hired restructuring lawyers in March 2011, the creditors said, and filed for bankruptcy protection on Jan. 11.

    Mr. Driscoll is no longer with the company and wasn't reached for comment.
    http://online.wsj.com/article/SB1000...512506050.html
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    re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    Quote Originally Posted by PirateMk1 View Post
    Why in the hell would they strike under those conditions, especially if they want to keep their jobs? It strikes me as insanity.
    Well, the workers planning to strike at Walmart on Black Friday might be giving them a run for their money, but yeah. Maybe they all want to go deer hunting. It would make more sense than anything else I have seen.....
    Last edited by Fisher; 11-15-12 at 02:28 PM.

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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.
    Let's say that the CEO is making $10 million a year cash (he isn't but let's just say). When you spread that across 18,000 employees that comes out to $555.56 dollars per year for a raise of just over 30 cents per hour for full time employees factored at 35 hours per week.

    YIPPEE!!

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

    It is a shame they apparently did not have the foresight to put all their IP into a separate corporation and then license it to the manufacturing side so they could have just closed the company a year ago, sold the IP and walked away.

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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
    Why is it always about what the other guy makes, rather than what you make?

    My mother always taught me that what other people have is none of my business, and to just worry about myself.
    Why is it all the Union? Do the executives not get paid?

    It's all part of the picture of what's going on. Do you think it's OK for them to have huge salaries and not take cuts but only asking for that from the Union? I'm not even saying that's happening, but it would help paint the full picture rather than just blaming the favorite right-wing bogeyman.


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    This issue has been plowed more times than Paris Hilton.
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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
    Let's say that the CEO is making $10 million a year cash (he isn't but let's just say). When you spread that across 18,000 employees that comes out to $555.56 dollars per year for a raise of just over 30 cents per hour for full time employees factored at 35 hours per week.

    YIPPEE!!

    I didn't say take his salary and spread it out. I know strawmen are easier to knock down, but really...

    It's part of the whole picture of what's going on at the company. But let's not do that, it's obviously the Union's fault and nobody else's.


    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 Lutherf View Post
    Hostess is in CH 11 right now and these cuts are part of that agreement. If they don't get these cuts then they can't complete the reorganization which only leaves the option of liquidation. The union is cutting off their nose despite their face but, frankly, it's the free market at work and I'm all for letting them reap the results of what they have sown.
    Don't insert reality into this, it's too much fun for people to just scream 'union good! management bad!'

    Oh, they won't pay attention to reality anyway, so I guess it's all good.
    "nah i think the way cons want to turn this into a political issue is funny though" - Philly Boss

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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
    Why is it all the Union? Do the executives not get paid?

    It's all part of the picture of what's going on. Do you think it's OK for them to have huge salaries and not take cuts but only asking for that from the Union? I'm not even saying that's happening, but it would help paint the full picture rather than just blaming the favorite right-wing bogeyman.
    Frankly, I think the bankruptcy court should have handled this. It seems to me they could impose that 8% cut (or whatever) on everyone within the company, not just union employees (less than half are hourly workers and not all of them are union). If a bankruptcy court is supposed to help a company either stay in business or fold, why shouldn't they just be able to impose these wage changes? It would make sense to me...

    I blame the company for giving in to union demands in the past that got them into the mess they're in. Nobody held a gun to their heads to give away the store.
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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
    I didn't say take his salary and spread it out. I know strawmen are easier to knock down, but really...

    It's part of the whole picture of what's going on at the company. But let's not do that, it's obviously the Union's fault and nobody else's.
    You asked about what cut the CEO was willing to take so I gave you an example of what the effect would be if his salary was simply eliminated instead of just reduced marginally. Obviously, if all he did was take a marginal cut the result would have less of an economic effect than I presented and as such wouldn't solve the problem any more.

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

    Quote Originally Posted by Arbo View Post
    Don't insert reality into this, it's too much fun for people to just scream 'union good! management bad!'
    Except that nobody's saying that. In fact, we seem to have the opposite going on here.


    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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