Unions kill the twinkie?

Bill Mattocks

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And that would be it for Hostess. Well played, unions, well played.

http://online.wsj.com/article/SB10001424127887324556304578122632560842670.html

Updated November 16, 2012, 9:06 a.m. ET
Twinkie Maker Hostess to Close
By RACHEL FEINTZEIG

Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and will seek to liquidate the 82-year-old business.
A victim of changing consumer tastes, high commodity costs and, most importantly, strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union.
The work stoppage, launched Nov. 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers Union to protest a fresh labor contract, affected about two-thirds of Hostess's 36 plants. The strike was making it impossible for the Irving, Tex., company to continue producing its baked goods, Chief Executive Gregory Rayburn said.
...
"We deeply regret the necessity of today's decision, but we don't have the financial resources to weather an extended nationwide strike," Mr. Rayburn said Friday. He said the company will "promptly" lay off most of its 18,500 employees and focus on "selling its assets to the highest bidders."

So now they can picket empty buildings. Super. So smart. Having no job is so much better than twisting your employer's nards until they bleed.

Oh well. Maybe more companies will be forced out of business by the greedy corrupt unions and then the employees will come to their senses and tell the unions to get lost.
 

Xue Sheng

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I never liked Twinkies, I tried to..... but I just never liked them

twinkie-66959261046.jpeg

And after I read the Ingredients, I was not all that upset I never liked them

Enriched wheat flour, sugar, corn syrup, niacin, water, high fructose corn syrup, vegetable and/or animal shortening – containing one or more of partially hydrogenated soybean, cottonseed and canola oil, and beef fat, dextrose, whole eggs, modified corn starch, cellulose gum, whey, leavenings (sodium acid pyrophosphate, baking soda, monocalcium phosphate), salt, cornstarch, corn flour, corn syrup, solids, mono and diglycerides, soy lecithin, polysorbate 60, dextrin, calcium caseinate, sodium stearoyl lactylate, wheat gluten, calcium sulphate, natural and artificial flavors, caramel color, yellow #5, red #40.
 

Cryozombie

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SO, the best I could discern, is that its mostly a He Said She Said situation:

Hostess is blaming the union for pushing them outta buisness

The Union is citing years of financial mismanagement by Hostess.

MY PERSONAL OPINION is that its probably a combination of the two.

My real concern is for the 18000 new mouths our tax dollars are gonna need to take care of.
 

clfsean

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Yay Unions!!! Way to go!!! Enjoy your strike fund all the way to the unemployment line... ****tards. Hope you're satisfied.

Now... what do the rest of us do at county fairs or visiting Scotland for Fried Twinkies?? Now what???
 

Bill Mattocks

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http://hostessbrands.com/Closing.aspx

Hostess Brands is Closed.
We are sorry to announce that Hostess Brands, Inc. has been forced by a Bakers Union strike to shut down all operations and sell all company assets. For more information, go to hostessbrands.info. Thank you for all of your loyalty and support over the years.

HOSTESS BRANDS TO WIND DOWN COMPANY AFTER BCTGM UNION STRIKE CRIPPLES OPERATIONS
Friday, November 16, 2012 at 7:00AM

Irving, TX – November 16, 2012 – Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including its iconic brands and facilities. Bakery operations have been suspended at all plants. Delivery of products will continue and Hostess Brands retail stores will remain open for several days in order to sell already-baked products.
...
In addition to dozens of baking and distribution facilities around the country, Hostess Brands will sell its popular brands, including Hostess®, Drakes® and Dolly Madison®, which make iconic cake products such as Twinkies®, CupCakes, Ding Dongs®, Ho Ho’s®, Sno Balls® and Donettes®. Bread brands to be sold include Wonder®, Nature’s Pride ®, Merita®, Home Pride®, Butternut®, and Beefsteak®, among others.

The wind down means the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States.
...
For employees whose jobs will be eliminated, additional information can be found at hostessbrands.info . The website also contains information for customers and vendors. Most employees who lose their jobs should be eligible for government-provided unemployment benefits.

So all taxpayers get to fund employer mismanagement and union greed. Yay.
 

Tez3

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Imagine a Tiramisu with twinkies instead of lady fingers. Twinkimisu!

1 package vanilla instant pudding
1 3/4 cups Milk
1/4 cup amaretto
1 cup strong coffee, warm (not hot)
1 tbsp sugar
1/4 cup Kahlua
2 cups Cool Whip (thawed)
10 twinkies
unsweetened cocoa for dusting

Combine pudding mix, milk and amaretto. Mix and then set aside until thick.

In a seperate bowl, combine coffee, sugar and Kahlua. Mix until sugar is dissolved, then refrigerate until cool.

Line baking sheet with wax paper and then arrange the twinkies in a single layer. Drizzle the coffee mixture over each twinkie so that it soaks in.

Fold the whipped topping into the pudding mixture. Spoon 1/3rd of this into the bottom of an 8x8 baking dish.

Arrange the twinkies evenly over the pudding, and spoon the remaining pudding over the top of the twinkies. Refrigerate and then dust the top with the cocoa.


Or, take 6 twinkies and cut them in half, lengthwise. Then make a chocolate bundt cake batter. Pour half of the batter into the bundt pan and then arrange the twinkie halves vertically, evenly spaced around the pan. Pour the remaining batter over so that the twinkies are completely covered and bake. Mmmm... twinkie filled bundt cake.

Twinkie Smoothie:

2 Twinkies, 2 scoops vanilla ice cream and 1 cup frozen strawberries. Blend until smooth.

You use okra in Tiramisu?
 

Bob Hubbard

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How bad is it when the TEAMSTERS! say you screwed up?
"The Teamsters union, which represents 7,500 Hostess workers, has been sharply critical of the smaller Bakers' decision to strike, saying it was forcing the company to the cusp of liquidation. The Teamsters said Thursday that the Bakers' union should hold a secret ballot on the company's offer, rather than the voice votes that were held in union halls around the country that authorized the decision to strike.

"It is difficult for Teamster members to believe that is what the [Bakers' union] Hostess members ultimately wanted to accomplish when they went out on strike," said the Teamsters' statement. "
http://money.cnn.com/2012/11/16/news/companies/hostess-closing/index.html?hpt=hp_t1

So, according to the above link, this is what was offered. It seems fair to me, especially when the option is '0'.
==
The new contract cut salaries across the company by 8% in the first year of the five-year agreement. Salaries were then scheduled to bump up 3% in the next three years and 1% in the final year.

Hostess also reduced its pension obligations and its contribution to the employees' health care plan. In exchange, the company offered concessions, including a 25% equity stake for workers and the inclusion of two union representatives on an eight-member board of directors
 

Xue Sheng

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Not the union......

Perhaps the fault lies with those of us who cut back on Twinkies, Zingers,Ho_Hos, and fruit pies....:lfao:

And maybe this helped

In March 2012, Brian Driscoll resigned from his position as CEO. Gregory Rayburn, who had been hired and named Chief Restructuring Officer only nine days earlier, assumed the leadership position. Fortune reported that unions within the organization had been unhappy with Driscoll's proposed compensation package of $1.5 million, plus cash incentives and a $1.95 million "long term compensation" package. Additionally, the court had discovered that Hostess executives had received raises of up to 80% the year prior

But then they went and solved the problem :rolleyes:

In an effort to restore relations, Rayburn cut the salaries of the four top Hostess executives to $1, to be restored on January 1 the following year.
 
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