"Hostess" going under?

jndmx
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jndmx 11/16/2012 5:24pm
11/16/2012 5:24pm Edited Date/Time 11/16/2012 5:25pm
Hut wrote:
They have made concessions in the past and haven't been getting their retirement contributions I don't blame them for refusing further cuts while the top execs...
They have made concessions in the past and haven't been getting their retirement contributions I don't blame them for refusing further cuts while the top execs are tripling their income.
Stanton876 wrote:
It's much better to lose your job?
You act like this wasn't going to happen all along.

They have squeezed the employees at that company mulitple times and keep coming back for another bite......wanna know why?
There is a mexican company that is going to buy them out, move production or slash it and the fine folks in management at Hostess get another fat bonus and stock payment for doing what they intended to do all along......wring out every penny they can and then sell out.

If you worked for a company that cut your pay and took back your benefits every 3 years would you just bend over and take another fucking or say enough is enough?
musmanni
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musmanni 11/16/2012 5:25pm
11/16/2012 5:25pm
Hut wrote:
"Union Boss" please that's just a term the right wing nuts use to try and put Union Labor in a bad light. The workers probably got...
"Union Boss" please that's just a term the right wing nuts use to try and put Union Labor in a bad light. The workers probably got fed up with the companies bullshit and voted to strike. I suppose you would rather see everyone making nonunion welfare wages at Walmart collecting food stamps than earning a decent wage and benefits and paying their fair share into society.
bsm121 wrote:
Union denied an 8% pay reduction (1/2 of which they would get back next year). I'm sure those that don't have a job now really appreciate...
Union denied an 8% pay reduction (1/2 of which they would get back next year). I'm sure those that don't have a job now really appreciate losing it over 4%.
Maybe management, who were obviously incompetent, should not have given themselves obscene raises while heading for bankruptcy?

How much of that 4% could have been offset by the millions given to horribly inept managers?
jmar
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jmar 11/16/2012 5:43pm
11/16/2012 5:43pm
KMC440 wrote:
Little Debbies killed Hostess, period.
She's a hot party girl. Why should anyone be surprised? Laughing

The Shop

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BUTCH
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BUTCH 11/16/2012 6:40pm
11/16/2012 6:40pm
ocscottie wrote:
WTF? no more Twinkies? sure glad they have a 20yr shelf life! Laughing
A guy in my breakroom said he always liked dingdongs....I laughed and he didn't get it! Niether did anyone else!Laughing Laughing Laughing Laughing Laughing Laughing
Hut
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Hut 11/16/2012 6:45pm
11/16/2012 6:45pm
BUTCH wrote:
A guy in my breakroom said he always liked dingdongs....I laughed and he didn't get it! Niether did anyone else!Laughing Laughing Laughing Laughing Laughing Laughing
He's a real keeper... Shocked
Stanton876
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Stanton876 11/17/2012 7:43am
11/17/2012 7:43am
jndmx wrote:
You act like this wasn't going to happen all along. They have squeezed the employees at that company mulitple times and keep coming back for another...
You act like this wasn't going to happen all along.

They have squeezed the employees at that company mulitple times and keep coming back for another bite......wanna know why?
There is a mexican company that is going to buy them out, move production or slash it and the fine folks in management at Hostess get another fat bonus and stock payment for doing what they intended to do all along......wring out every penny they can and then sell out.

If you worked for a company that cut your pay and took back your benefits every 3 years would you just bend over and take another fucking or say enough is enough?
I'd want to at least keep my job while I look for another as apposed to simple being unemployed.
PaleBlue
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PaleBlue 11/17/2012 8:35am
11/17/2012 8:35am
When I first got to America I felt the need to try Twinkies - utterly disgusting. It's hard to believe anybody would eat anything tasting like that.

It's a shame so many people are losing thier jobs but if the product was better perhaps they wouldn't be in the same situation.
kongols
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kongols 11/17/2012 12:53pm
11/17/2012 12:53pm
I`m shocked they didn`t blame it on Obamacare. I thought it was mandatory to blame Obama for failed businesses.
XXVoid MainXX
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XXVoid MainXX 11/18/2012 5:26am
11/18/2012 5:26am
Based on the title I thought this thread was going to be NSFW.
TeamGreen
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TeamGreen 11/18/2012 10:40am
11/18/2012 10:40am
XXVoid MainXX wrote:
It's all Bush's fault!
Yup.

4 years later, Union fcks Rejecting a deal & being told -Directly- that the company would fold...

And, yet, there are plenty of Igno-Fcks that're going back to Bush or "Bain".

Classic.

Enjoy your 2nd term: you've earned it.
DDub8
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DDub8 11/19/2012 12:06pm
11/19/2012 12:06pm
As always, it's a bit more complex than just the unions or management's fault. If you really want to know, read this article that was in Fortune back in August.

http://management.fortune.cnn.com/2012/07/26/hostess-twinkies-bankrupt/

Debt and greed is at the heart of it along with non-Hostess issues that impacted it. The equity firms didn't want to keep pouring money into a company with declining revenues. The Teamsters have to consider much more than just 8,000 jobs at Hostess and any concessions might have ripple effects with other companies. Etc. etc.
TeamGreen
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TeamGreen 11/19/2012 12:53pm
11/19/2012 12:53pm
News-Flash:

Hostess wasn't a charity.

It was a for profit company.

Figure that out, yet?

(For those that can't figure out how "Organized Labor" fucked this one up)
TeamGreen
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TeamGreen 11/19/2012 12:56pm
11/19/2012 12:56pm
"Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery’s creditors chose for an alternate reorganization plan that ultimately failed. Following Friday’s liquidation, Sun reengaged by contacting Hostess advisor Perella Weinberg Partners. It also plans to contact the relevant labor unions."

So, Another Evil Cap-firm bailing out all those pooooooor union jobs...? I can only assume the union gets drop-kicked.

Oldie, this is another firm run by Evil Millionares, you know?
kongols
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kongols 11/19/2012 1:04pm
11/19/2012 1:04pm
TeamGreen wrote:
News-Flash: Hostess wasn't a charity. It was a for profit company. Figure that out, yet? (For those that can't figure out how "Organized Labor" fucked this...
News-Flash:

Hostess wasn't a charity.

It was a for profit company.

Figure that out, yet?

(For those that can't figure out how "Organized Labor" fucked this one up)
What a bullshit post.
TeamGreen
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TeamGreen 11/19/2012 11:46pm
11/19/2012 11:46pm
TeamGreen wrote:
News-Flash: Hostess wasn't a charity. It was a for profit company. Figure that out, yet? (For those that can't figure out how "Organized Labor" fucked this...
News-Flash:

Hostess wasn't a charity.

It was a for profit company.

Figure that out, yet?

(For those that can't figure out how "Organized Labor" fucked this one up)
kongols wrote:
What a bullshit post.
Oh, really? Let me spell it out for you.

The Union is going to get their ass kissed just long enough to seal this new deal.

Then, they'll get a dose of reality: go read the shit that's between the fine lines of the "Sun" deal.
RocketLab
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RocketLab 11/20/2012 2:36pm
11/20/2012 2:36pm
TeamGreen wrote:
"Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery’s creditors chose for an alternate reorganization plan that ultimately failed. Following Friday’s...
"Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery’s creditors chose for an alternate reorganization plan that ultimately failed. Following Friday’s liquidation, Sun reengaged by contacting Hostess advisor Perella Weinberg Partners. It also plans to contact the relevant labor unions."

So, Another Evil Cap-firm bailing out all those pooooooor union jobs...? I can only assume the union gets drop-kicked.

Oldie, this is another firm run by Evil Millionares, you know?
No its those middle class union fuks standing in one spot for most of a day squirting creme into a sponge while taking home thousands of dollars a year. While they see their company loaded up with debt by an angelic savior and those hard working managers hanging on trying to steer this company ship through troubled waters with only salary doubling as their meager incentive. Union assholes.
TeamGreen
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TeamGreen 11/20/2012 8:29pm
11/20/2012 8:29pm
TeamGreen wrote:
"Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery’s creditors chose for an alternate reorganization plan that ultimately failed. Following Friday’s...
"Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery’s creditors chose for an alternate reorganization plan that ultimately failed. Following Friday’s liquidation, Sun reengaged by contacting Hostess advisor Perella Weinberg Partners. It also plans to contact the relevant labor unions."

So, Another Evil Cap-firm bailing out all those pooooooor union jobs...? I can only assume the union gets drop-kicked.

Oldie, this is another firm run by Evil Millionares, you know?
RocketLab wrote:
No its those middle class union fuks standing in one spot for most of a day squirting creme into a sponge while taking home thousands of...
No its those middle class union fuks standing in one spot for most of a day squirting creme into a sponge while taking home thousands of dollars a year. While they see their company loaded up with debt by an angelic savior and those hard working managers hanging on trying to steer this company ship through troubled waters with only salary doubling as their meager incentive. Union assholes.
As the Judge said, there's plenty of guilt to go around...

From a $750K salary going to $2.5M in a year to a Union that walked away from the table...& has their own culpability in the demise of this company.

Let's see where this goes.

Pit Row

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queen of spodes 11/21/2012 9:31am
11/21/2012 9:31am
Titan1 wrote:
I feel very bad about the 13000 jobs that were lost, and I'm not sure I'll be able to cope without my Twinkies....but I love that...
I feel very bad about the 13000 jobs that were lost, and I'm not sure I'll be able to cope without my Twinkies....but I love that the company gave the union the bird and called their bluff on this.

Unions are like the horse and buggy...they have no place in modern America (a lot of good they did those 13000 Hostess Employees, right?). Times have changed...now days Unions do far more harm than good.
The company stole money from workers' pension plans over the last few years to pay for debts that the workers had nothing to do with (for instance, the inexplicably large salaries given to 6 incompetent CEOs). The workers have already conceded less pay and fewer benefits once in the past 10 years. The latest "deal" by the hedge fund partners would have put the workers on a poverty-level wage. Of course the workers told Hostess to fuck themselves. I would have too.

Workers will not see a dime back from the stolen pension funds if/when the liquidation occurs. The workers simply hastened what was coming in light of horrible management.

http://www.salon.com/2012/11/20/vulture_capitalism_not_unions_killed_tw…
newmann
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newmann 11/21/2012 9:46am
11/21/2012 9:46am
So will the union buy the assets of Hostess for pennies on the dollar and put everyone back to work with better wages and benefits? They should be able to turn it all around in a flash.
Ghost of Jabroni
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Ghost of Jabroni 11/21/2012 12:04pm
11/21/2012 12:04pm
And here I thought I was going to read about some hostess at a restaurant that got busted for going down on people while they were eating.
Jakes Dad
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Jakes Dad 11/22/2012 3:30pm
11/22/2012 3:30pm
It's ok fellas Mr. Obama is a good friend to the unions, they'll just have him take care of them for awhile...........or is it us.Evil

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