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Thread: Twinkies maker Hostess going out of business

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    Twinkies maker Hostess going out of business

    An example of union greed going to far.


    Twinkies maker Hostess going out of business- MSN Money
    Hostess Brands, the bankrupt maker of Twinkies and Wonder Bread, said it has sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.

    Hostess said a national strike by members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that began last week had crippled its ability to produce and deliver products at several facilities.

    The liquidation of the company will mean that most of its 18,500 employees will lose their jobs, Hostess said on Friday.

    The 82-year-old company said it took the decision to shut down after determining that not enough employees had returned to work by a deadline on Thursday.

    The company, which filed for bankruptcy in January for the second time since 2004, said it had filed a motion with U.S. Bankruptcy Judge Robert Drain in White Plains, New York, for permission to shut down and sell assets.

    The Irving, Texas, company has 565 distribution centers and 570 bakery outlet stores, as well as the 33 bakeries. Its brands include Wonder, Nature's Pride, Dolly Madison, Drake's, Butternut, Home Pride and Merita, but it is probably best known for Twinkies -- basically a cream-filled sponge cake.

    "We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," Chief Executive Gregory Rayburn said in a statement.

    "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders," Rayburn added.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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    Re: Twinkies maker Hostess going out of business

    Or. An example of management screwing up so badly that the company could not afford to pay wages that people will accept rather than no job.

    Or. An example of brands losing some luster because of shifting market preferences (concerns over nutritional value).

    Or, to put the above all together: Ownership insistence of some set profit margin that was not in line with market realities of operating expenses and product demand.

    So now it all get ripped down into pieces and becomes fertilizer for, hopefully, more competent management with a more market appropriate vision. *shrug*

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    Re: Twinkies maker Hostess going out of business

    Quote Originally Posted by Dwight View Post
    Or. An example of management screwing up so badly that the company could not afford to pay wages that people will accept rather than no job.

    Or. An example of brands losing some luster because of shifting market preferences (concerns over nutritional value).

    Or, to put the above all together: Ownership insistence of some set profit margin that was not in line with market realities of operating expenses and product demand.

    So now it all get ripped down into pieces and becomes fertilizer for, hopefully, more competent management with a more market appropriate vision. *shrug*
    The Teamsters accepted their wages and thought the bakers were being stupid. And the wage difference for the bakers was a matter of holding out for 20/hr when the contract was 18/hr.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Twinkies maker Hostess going out of business

    Common sense, lost by far too many in unions. Not all just too many.

    At this I can't help but think it'd be cool if Bain Capital swooped in and saved the company and jobs. I'd say they could put in for a union bail out and maybe get a Michelle Obama sponsorship


    Quote Originally Posted by Harshaw View Post
    The Teamsters accepted their wages and thought the bakers were being stupid. And the wage difference for the bakers was a matter of holding out for 20/hr when the contract was 18/hr.

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    Re: Twinkies maker Hostess going out of business

    Quote Originally Posted by Harshaw View Post
    The Teamsters accepted their wages and thought the bakers were being stupid. And the wage difference for the bakers was a matter of holding out for 20/hr when the contract was 18/hr.
    And for some people, that can mean the difference between making your rent or not. Or being able to afford an expensive medical procedure for your child. The difference in pay looks pretty small when you describe it as the difference between the numbers 18 and 20. But it can mean a whole lot more than that to those bakers.

    Frankly, I think we'll be better off without Twinkies. Though I'll have to wonder what we'll eat when the zombie apocalypse comes. Twinkies were a staple of the 28 Days Later diet.
    Liberté. Égalité. Fraternité.

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    Re: Twinkies maker Hostess going out of business

    Quote Originally Posted by Paschendale View Post
    And for some people, that can mean the difference between making your rent or not. Or being able to afford an expensive medical procedure for your child. The difference in pay looks pretty small when you describe it as the difference between the numbers 18 and 20. But it can mean a whole lot more than that to those bakers.
    And now they have a pay of $0, which is going to make all of those things considerably more difficult, over a take-home pay difference of about one DirecTV payment per month.

    And that includes everyone who now has no job, not just the people involved in the strike.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Twinkies maker Hostess going out of business

    Quote Originally Posted by Paschendale View Post
    And for some people, that can mean the difference between making your rent or not. Or being able to afford an expensive medical procedure for your child. The difference in pay looks pretty small when you describe it as the difference between the numbers 18 and 20. But it can mean a whole lot more than that to those bakers.
    And how are they gonna do without jobs at all? How many of the employees didn't mind the two hour cut but now lost their jobs completely because the union felt it important to make sure those who did need those two extra hours could keep them?

    I'm not trying to make a "unions are evil" point, I'm just trying to show that the issue goes both ways. Unions need to be kept in check just as much as businesses do.
    One who makes himself a worm cannot complain when tread upon.

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    Re: Twinkies maker Hostess going out of business

    Quote Originally Posted by Dwight View Post
    Or. An example of management screwing up so badly that the company could not afford to pay wages that people will accept rather than no job.

    Or. An example of brands losing some luster because of shifting market preferences (concerns over nutritional value).

    Or, to put the above all together: Ownership insistence of some set profit margin that was not in line with market realities of operating expenses and product demand.

    So now it all get ripped down into pieces and becomes fertilizer for, hopefully, more competent management with a more market appropriate vision. *shrug*
    Your perception of how business and employment works is warped and delusional

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    Re: Twinkies maker Hostess going out of business

    Quote Originally Posted by Harshaw View Post
    The Teamsters accepted their wages and thought the bakers were being stupid. And the wage difference for the bakers was a matter of holding out for 20/hr when the contract was 18/hr.
    Or maybe the Teamsters thought they got a better deal than the bakers, maybe they did get a better deal compared to what they were looking for, and wanted the bakers to take the hit so they could keep their own deal. *shrug*

    So, why did you not buy more Twinkies to the amount that would have kept Hostess afloat? <— serious, non-rhetorical question
    Last edited by Dwight; 11-16-12 at 03:25 PM.

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    Re: Twinkies maker Hostess going out of business

    The competitors of Hostess also have employees that are part of the bakers union and yet they are still afloat. Its clear the management at hostess is incompetent, especially since they already went bankrupt back in 2004. Other companies will increase their production of dingdongs and Hoe Hoes to meet the demand for unhealthy snacks and will hire new employees. This is what we call Capitalism.

    In the market economy, a corporation that can't afford to pay the same wages as the competition deserves to die. Calling the workers greedy is simply the pathetic excuse of a sociopath unable to accept responsibility.

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