Hostess, maker of Twinkies, liquidating...
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squirrelnest
Lunatic Member
Oh, No......can't get rid of the Twinkies......
looks like one of our best friends is going to lose his job over this. he works for a IT firm and hostess is his only client. merryt f..ing christmas.
eric
eric
thebeez85
¯\_(ツ)_/¯
that sucks...they're selling their assets and according to the article, 18,000 people will lose jobs if they shutdown operation.
I think lots, but not all of employees were/are on strike...
kneeOhFight
Addicted Member
Hate the job losses, but Twinkies, HoHo's and Wonder Bread? All garbage, and good riddance. Given the lack of integrity of the products, this move by the owners doesn't shock me.
spaceman
Registered Lunatic
That was the problem alright, they picked a CRAPPY time to go on strike, when the economy has everyone spazzing out already. What were they thinking? :nono: But there's a Hostess plant and thrift store here in Seattle, that I haven't been to in a long time, and I think I'll go support them by buying some junk food. :yes:
Although I don't mourn the loss of the "food items" manufactured, I do hate to think of 18K folk out of work, when a bit of belt tightening from both sides of the table might have averted this. Sure, an 8% cut would hurt, but at least there would have been jobs to build upon when the economy turned around.
dewdude
High on resolution.
From what I've read, they filed for bankrupcy earlier this year. The workers did not like the contracts that were drawn up in bankrupcy court; and went on strike.
I don't know what they were thinking. The went on strike because they didn't like the contract. The contract was drawn up within conditions of the bankrupcy.
It sounds like they basically put themselves out of work and shut a business down. I don't want to get in a debate on striking; but normally a strike ends with people going back to work, not causing the liquidation of an entire organization.
I do feel bad for those people losing their jobs; but because of their demands; and entire corporation is out of business. I think its pretty sad things like that can happen. I bet in six months they're all going to wish they'd just accepted the contract and still be employed.
Twinkees and other stuff will only be going away for a short time. The trademarks will be auctioned off as part of the liquidation.
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I don't know what they were thinking. The went on strike because they didn't like the contract. The contract was drawn up within conditions of the bankrupcy.
It sounds like they basically put themselves out of work and shut a business down. I don't want to get in a debate on striking; but normally a strike ends with people going back to work, not causing the liquidation of an entire organization.
I do feel bad for those people losing their jobs; but because of their demands; and entire corporation is out of business. I think its pretty sad things like that can happen. I bet in six months they're all going to wish they'd just accepted the contract and still be employed.
Twinkees and other stuff will only be going away for a short time. The trademarks will be auctioned off as part of the liquidation.
Sent from my SPH-M910 using Tapatalk 2
i wish just one of the striking workers would go to work with erin for a week. they would realize how good they have it. lazyness, greed & self importance drove this strike. im sorry for all the hard working non union members and others around the country who will be out of work because of their selfishness. sadly this wont be the last time we see this sort of thing.
eric
Kismet1968
:)
Ho-Hos & Twinkies are garbage?? :sigh:
spartanmanor
Lunatic Member
Someone will buy the trademark rights and make this junk again.
Yep, those clowns are dumber than a box of rocks. Check this out. At least the union is smart enough to see that these folks will lose their jobs (and not be paying dues).
"The Teamsters union is urging the bakers union to hold a secret ballot on whether to continue striking. Citing its financial experts who had access to the company's books, the Teamsters say that Hostess' warning of liquidation is "not an empty threat or a negotiating tactic" but a certain outcome if workers keep striking."
It constantly amazes me at how ignorant some folks are about money, but these guys are asking for more from a company that can't pay the bills they already have??? "
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Good point. The 'trickle-down' will affect suppliers, as well as former employees.
jsisk
Not 2 Old 2 Rock & Roll
Yep. People just don't understand that the lifetime pension and free healthcare days are over. You can't give that to your workers and stay profitable once the number of retirees grows beyond a certain point.
Any single people that would like to have health insurance for $4.32 to $15.97 a month raise your hand. This is too much for the union workers to bear.
Here is the healthcare plan that wasn't good enough for them:
http://www.teamster.org/sites/teamster.org/files/82712Appendix1withSummary.pdf
Someone else will buy the brands and put them back on the market without the financial expense of the union workers and the striking union workers can all go to work for Walmart and see how good they really had it.
Any single people that would like to have health insurance for $4.32 to $15.97 a month raise your hand. This is too much for the union workers to bear.
Here is the healthcare plan that wasn't good enough for them:
http://www.teamster.org/sites/teamster.org/files/82712Appendix1withSummary.pdf
Someone else will buy the brands and put them back on the market without the financial expense of the union workers and the striking union workers can all go to work for Walmart and see how good they really had it.
JohnMichael
Super Member
I always heard Twinkies had the same half-life as nuclear waste.
Depends upon the type of nuclear waste.
AnalogDigit
Realistic fan.
I haven't eaten any Twinkies in a long time. It's a shame, but you don't go on strike when the company filed for bankruptcy or is about to file for bankruptcy. In today's times, you just have to be happy that you have a job. You can look for a job elsewhere while you are still working or ride things out.
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