Page 42 of 66 FirstFirst ... 32404142434452 ... LastLast
Results 411 to 420 of 653

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

  1. #411
    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 Sheik Yerbuti View Post
    Kindly explain how they have a $1 per year salary when that self-imposed salary can't even be in effect for a year??
    I think you've lost sight of what you're arguing about. If you're saying that executive greed may have contributed to the destruction of Hostess, I doubt anyone would disagree with you. So what are you arguing??
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  2. #412
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Kindly explain how they have a $1 per year salary when that self-imposed salary can't even be in effect for a year??
    Ok, so Rayburn was hired in March and has agreed to $1 in compensation until Jan 1...So you are correct he will be paid $1 for 10 months...that makes a HUGE difference in the point....
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

  3. #413
    Sage
    AliHajiSheik's Avatar
    Join Date
    Aug 2012
    Last Seen
    Today @ 07:26 PM
    Gender
    Lean
    Undisclosed
    Posts
    6,390

    Hostess threatens to lay off 18,000 employees unless strike ends

    From what I'm reading locally, the bakers didn't want to hurt the contracts of bakers at other companies. Accept the agreement and keep working. Then look real hard for another job. Now all they have is finding another job, and of course, give interviews to talk about how right you are.
    People in Dubai don't like the Flintstones but people in Abu Dhabi do

  4. #414
    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 AliHajiSheik View Post
    From what I'm reading locally, the bakers didn't want to hurt the contracts of bakers at other companies. Accept the agreement and keep working. Then look real hard for another job. Now all they have is finding another job, and of course, give interviews to talk about how right you are.
    I agree. Accept the agreement, keep working, look for another job. From what I read, the bakers UNION didn't want to hurt the contracts of bakers at other companies. I doubt a baker who has rent to pay is really concerned enough to strike and lose his job in order to protect "other bakers."
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  5. #415
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

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

    Quote Originally Posted by Dickieboy View Post
    And FACTUALLY incorrect:



    Hostess is bankrupt again - Fortune Management

    Try again...
    Holy ****! Your own link proves what I said ...

    Some unsecured creditors had informed the court that last summer -- as the company was crumbling -- four top Hostess executives received raises of up to 80%.

    ... how did you miss that part??

  6. #416
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

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

    From viewing this in the totality the Bakers probably did the right thing. ALL parties involved were promoting the continuing of constraining capital in an endeavor that was DEEP in a death spiral. All the bakers did was ‘finish off the dead horse’ which was inevitable given its legacy costs and declining product acceptance. It is unfortunate that 18,000 will lose their jobs but the demand for SOME portion of Hostess’ products will continue and promote others to pick them up and produce which will employ many of those 18,000.
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

  7. #417
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

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

    Quote Originally Posted by Dickieboy View Post
    Ok, so Rayburn was hired in March and has agreed to $1 in compensation until Jan 1...So you are correct he will be paid $1 for 10 months...that makes a HUGE difference in the point....
    Translation: They would have earned more than $1 for a years work.

    While at the same time, demand that their employees take a pay cut and a wage freeze which would take years to get back to where they were.

  8. #418
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Holy ****! Your own link proves what I said ...

    Some unsecured creditors had informed the court that last summer -- as the company was crumbling -- four top Hostess executives received raises of up to 80%.

    ... how did you miss that part??
    No, I caught that but I typically require a little more proof than 'Some unsecured creditors had informed'...do you have anything more credible?
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

  9. #419
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

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

    Quote Originally Posted by MaggieD View Post
    I agree. Accept the agreement, keep working, look for another job. From what I read, the bakers UNION didn't want to hurt the contracts of bakers at other companies. I doubt a baker who has rent to pay is really concerned enough to strike and lose his job in order to protect "other bakers."
    Hostess was a sinking ship and had they undermined their peers at other bakeries that would probably be frowned on if they managed to get hired at another bakery.

  10. #420
    Sage

    Join Date
    Oct 2011
    Last Seen
    07-25-17 @ 12:35 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,878

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Translation: They would have earned more than $1 for a years work.

    While at the same time, demand that their employees take a pay cut and a wage freeze which would take years to get back to where they were.
    Did you miss where I said 'You are correct'? Considering the cost difference - 4 Mgt x $1 = $4 and bakers 4,000x40hrsx$18x4wksx10mo=$115m It may have been more beneficial to the overall outcome if the Bakers had agreed to what management had agreed to...but of course I'm sure you would disagree with that...huh?
    "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure" - 2006 Senator Obama...leadership failure indeed!

Page 42 of 66 FirstFirst ... 32404142434452 ... 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
  •