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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 MaggieD View Post
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    Re: Hostess threatens to lay off 18,000 employees unless strike ends[W:521]

    very dumb to allow the company to go out of business. with the recent exposure and free advertising, they would have been in the cat bird seat had they stayed in business, and their products would have sold like gangbusters around the holidays. a last minute rescue of the company would have paid off.

    the strike was poorly timed, but i have to say that if my pay had been cut from $48k to $35k, and then they told me it would be cut to $25k with no pension contribution and higher premiums, i think i'd be furious, too. pretty much anyone would either quit or go on strike if they suffered similar reduction in compensation in under a decade.

    anyway, i'm sorry to see the brand go down. hopefully another more rationally managed company will pick up the products.

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

    Quote Originally Posted by Helix View Post
    very dumb to allow the company to go out of business. with the recent exposure and free advertising, they would have been in the cat bird seat had they stayed in business, and their products would have sold like gangbusters around the holidays. a last minute rescue of the company would have paid off.

    the strike was poorly timed, but i have to say that if my pay had been cut from $48k to $35k, and then they told me it would be cut to $25k with no pension contribution and higher premiums, i think i'd be furious, too. pretty much anyone would either quit or go on strike if they suffered similar reduction in compensation in under a decade.

    anyway, i'm sorry to see the brand go down. hopefully another more rationally managed company will pick up the products.
    It should be the employee's choice to sever ties and replace the job with something that pays what they demand. The sickening thing is that the union forced this, from what I've come to understand the union majority was against the strike but the smaller group won out. iirc only 7k of the 18k wanted the strike, this cost all 18,000 their jobs. Instead of a two dollar(9%) pay cut they now have a 100% pay cut.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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

    Quote Originally Posted by Helix View Post
    ...the strike was poorly timed, but i have to say that if my pay had been cut from $48k to $35k, and then they told me it would be cut to $25k with no pension contribution and higher premiums, i think i'd be furious, too....
    I read the article in the Daily Kos that included these numbers but they seem specious to me. Consider the often reported wage reduction was 8%. If dudes income numbers are right they took a 27% reduction ($48k to $35k - roughly $6.25/hr) and then now are asked to take a 28.5% reduction($35k to $25k - roughtly $4.80/hr) . This is inconsistent with what is being reported AND is WAY out of line with the recent concessions made by the Teamsters as evidenced by the documents on the Teamster website.

    Something seems hinkey…
    "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!

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

    Quote Originally Posted by LaMidRighter View Post
    It should be the employee's choice to sever ties and replace the job with something that pays what they demand. The sickening thing is that the union forced this, from what I've come to understand the union majority was against the strike but the smaller group won out. iirc only 7k of the 18k wanted the strike, this cost all 18,000 their jobs. Instead of a two dollar(9%) pay cut they now have a 100% pay cut.
    I think it is 4,000 only.
    "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!

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

    Quote Originally Posted by Dickieboy View Post
    I read the article in the Daily Kos that included these numbers but they seem specious to me. Consider the often reported wage reduction was 8%. If dudes income numbers are right they took a 27% reduction ($48k to $35k - roughly $6.25/hr) and then now are asked to take a 28.5% reduction($35k to $25k - roughtly $4.80/hr) . This is inconsistent with what is being reported AND is WAY out of line with the recent concessions made by the Teamsters as evidenced by the documents on the Teamster website.

    Something seems hinkey…
    It was actually a chance at more money. The company wanted a 2$/hr. pay reduction but with the concession of issuing stocks up to 25% to the union workers.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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

    Quote Originally Posted by Dickieboy View Post
    I think it is 4,000 only.
    Could be, I thought I saw 7K, either way it was a definite minority.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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

    Quote Originally Posted by LaMidRighter View Post
    It was actually a chance at more money. The company wanted a 2$/hr. pay reduction but with the concession of issuing stocks up to 25% to the union workers.
    If I understand it right the $2 concession was the first year. They were to get a 3% increase in years 2, 3, 4 and then a 1% raise in the 5th year. I understood the 25% ownership also but it would certainly have to be divided between the 12 unions. There WERE increases in employee healthcare contributions and reductions in employer pension contributions but that is the nature of negotiations...
    "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!

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

    Quote Originally Posted by Dickieboy View Post
    If I understand it right the $2 concession was the first year. They were to get a 3% increase in years 2, 3, 4 and then a 1% raise in the 5th year. I understood the 25% ownership also but it would certainly have to be divided between the 12 unions. There WERE increases in employee healthcare contributions and reductions in employer pension contributions but that is the nature of negotiations...
    I'm going to have to re read it, iirc any pay cuts were temporary, but hell I'd take a portion of stock even if it is .25/12 it's still good money "if" the company can successfully restructure, and even more if they can get to a split.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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

    Quote Originally Posted by Dickieboy View Post
    If I understand it right the $2 concession was the first year. They were to get a 3% increase in years 2, 3, 4 and then a 1% raise in the 5th year. I understood the 25% ownership also but it would certainly have to be divided between the 12 unions. There WERE increases in employee healthcare contributions and reductions in employer pension contributions but that is the nature of negotiations...
    They were going to cut their pay by 8% immediately and increase their portion of the health insurance premium. In years two, three and four of the contract, they were to get a 3% increase each year; in year five, a 1% increase. Pension frozen until 2015. 25% interest in the company to all 6,500+ union workers. Two union representatives on the Board of Directors, made up of eight directors total.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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