All the pro union folks that watch this board need to pay attention to what's happening at Hostess. Unfortunately, all those folks are going to lose their jobs. Union and non union alike. Some other bakery will buy up the recipes and trademarks for a song and start making those iconic snacks in a new location. My bet is that Mexican baking giant Grupo Bimbo will snatch it all up. Isn't it becoming alarmingly clear that strikes don't work? Sometimes they lead to workers shuffling back across the picket line and sometimes they lead to the umemployment office. Seldom do they result in any meaningful long term benefit for the rank and file. The Teamsters saw the hand writting on the wall and settled with Hostess, but the Bakery Workers union held out until it all collasped. I wouldn't be surprised if some Teamsters don't take some bakers out for a one way ride to an Indiana corn field.
All you people haven't got a clue as to how the business world plays this game.
This is the same move the airlines played when filing BK.
They tried to pull it with the auto companies to.
You know, file BK, strip workers of pay and retirement plans, then reward the lawyers and mgmt of the co. with new stock.
Five years from now I'll show all of you my Twinky.
Talk about squawking, I don't see you adding much to the conversation. Care to comment on why someone would prefer to see a company liquidate and lose all those jobs instead of compromising? Do you really think some other company will take it over with 50+ union contracts to deal with. Not. Even the Teamsters settled. At least with some job you could start looking for another one before you quit this one. Who in the end gets hurt? Now they've got nothing. Oh well, go back to your cartoons.
Strikes used to work, when labor condiions were bad and management was not accountable. Think 1900's to 1930's. Back then, organized labor was needed and created a balance between capital and labor. Now, strikes (and unions in general) no longer work well. If nothing else, unions should NEVER cost anyone their job. If it does, the union orgainzaiton has become more important that the rank and file it represents, which spells the end union value. Hostess is the new poster child here.
The problem with unions is that they lost sight of the true reason they were formed, and that is protecting the workers rights and safety. Not protecting the worker who can do no right. Unions as a whole have become big business and are really only looking out for the executives and their pensions, at the expense of their members. We all know that you can't have two businesses trying to run one ship. Unions need to get back to basics and that should be health, safety, and a living wage, nothing else.
Unions are still needed but they need to change philosophy from keeping all employees to demanding bad employees are to be fired and guarantee a quality worker then they would be a great thing no matter how high the wage
The union strikes worked very well in the 60's and 70's, or should I say the threat of a strike when business was good. Any extended strike was when business was down, and the company just let them stay out.
Nov. 19 (Bloomberg) -- Hostess Brands Inc., the bankrupt baker of Twinkies and Wonder bread, is seeking permission to pay bonuses to key managers while closing operations that will leave most of its 18,500 workers unemployed as it begins a liquidation that may attract bids from private-equity firms and rivals.
U.S. Bankruptcy Judge Robert Drain is to consider Hostess’s request to close its distribution centers and 36 bakeries at a hearing today in White Plains, New York. Hostess said Nov. 16 that it would shut down, claiming that a weeklong strike by its bakers’ union forced liquidation. The union blamed management’s concession demands, while some employees blamed both sides.
Serves them right.......unions are assisting in with a new form of slavery....apathetic dependency. It's sad. Just like President YoMamaBama's agenda. When will we learn that helping people become helpless is not an act of kindness.
Did you see the bonuses they have to pay the management folks left behind simply to try to get them to stay around to close this company down? No kidding, don't you think it takes some bucks to keep talented people on board as the ship sinks? They've got no job once this is done. I'd be out looking for my next job instead of trying to run/fix/save this company that most employees don't care about. What a shame.