No More Twinkies?
#1
Posted 16 November 2012 - 01:49 PM
http://www.cbc.ca/ne...s-shutdown.html
Hostess Brands says it is going out of business, closing plants that make Twinkies and Wonder Bread and laying off all of its 18,500 workers.
The Irving, Texas-based company says a nationwide worker strike crippled its ability to make and deliver its products at several locations.
Hostess had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn't return to normal levels by Thursday evening.
The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.
#15
Posted 16 November 2012 - 04:22 PM
Twinkies and Suzy-Q's have never been the same since and is more than likely the root cause of their fallen snack cake empire not really consumer preference issue other than Hostess went for cheap and lost...if that's what they meant by consumer prference changes.
#18
Posted 16 November 2012 - 04:27 PM
As an aside: guess that strike didn't work out so well. Way to strike yourselves right out of your jobs. Kinda defeats the purpose, no?
#20
Posted 16 November 2012 - 04:52 PM
I've had Cloud Cakes. They're passable, but nothing beats a Twinkie. This is truly a sad day for me.
Twinkies helped build America.
As an aside: guess that strike didn't work out so well. Way to strike yourselves right out of your jobs. Kinda defeats the purpose, no?
Fuck that, no one deserves an 8% paycut to make up for the fact that Costco booted Hostess out of its stores. The Hostess management tried to save its ass at the expense of its employees. Bad bad bad business move.
#21
Posted 16 November 2012 - 05:02 PM
Fuck that, no one deserves an 8% paycut to make up for the fact that Costco booted Hostess out of its stores. The Hostess management tried to save its ass at the expense of its employees. Bad bad bad business move.
I guess instead of an 8% decrease, they can instead have a pink slip and a trip tot eh UE line. Sounds like they made the right choice!
Hostess had to do what Hostess had to do. Those jobs that these people had belonged to Hostess, as those folks now know. They did not belong to the workers. Those workers exchanged labor for money. When they asked for too much and the company needed to scale back, instead of understanding that no Hostess meant no job, they got all uppidy and cut off their own nose to spite their face.
Nice work!
#24
Posted 16 November 2012 - 05:12 PM
the company can't pay the workers a fair wage, and it's the workers' fault for demanding a fair wage?
The real reason that Hostess had to "scale back" is because in the last 6 months, they have lost so much shelf space out there due to really piss-poor management. The entire management structure was overhauled within the last year, and whoever took over drove the company right into the ground ala Clark Griswold in Vacation.
Costco was the first to end their contract with Hostess, followed by Walmart, and others were next in line. Poor management continued with the attempt to raise profits by reducing wages across the board by 8%. I can;t think of ANY industry where this would be acceptable.
and Hostess is not the only company in trouble here. Just check out this article talking about how Costco is now fighting Coca-Cola over pricing, and is not carrying "the real thing"any longer.
http://www.msnbc.msn...s/#.UKZz4OQ0XTo
#26
Posted 16 November 2012 - 05:19 PM
The real reason that Hostess had to "scale back" is because in the last 6 months, they have lost so much shelf space out there due to really piss-poor management. The entire management structure was overhauled within the last year, and whoever took over drove the company right into the ground ala Clark Griswold in Vacation.
Costco was the first to end their contract with Hostess, followed by Walmart, and others were next in line. Poor management continued with the attempt to raise profits by reducing wages across the board by 8%. I can;t think of ANY industry where this would be acceptable.
and Hostess is not the only company in trouble here. Just check out this article talking about how Costco is now fighting Coca-Cola over pricing, and is not carrying "the real thing"any longer.
http://www.msnbc.msn...s/#.UKZz4OQ0XTo
they brought in an ax-man for restructuring/reorganizing...never a good thing. although I blame the union for sinking the ship, Hostess may have made the holes but the union cried instead of plugging the holes.
#27
Posted 16 November 2012 - 05:22 PM
OK, so instead of keeping a job the strike force is now unemployed. Who did they hurt the most? The executives of the company who will iquidate the assets adn walk away with capital, or the workers who will walk away to the UE line?
Its the principle of the matter. They stuck to their guns, and will find other jobs. No room for exploitative manufacturing companies anymore, sir.
#31
Posted 16 November 2012 - 05:30 PM
Costco was the first to end their contract with Hostess, followed by Walmart, and others were next in line. Poor management continued with the attempt to raise profits by reducing wages across the board by 8%. I can;t think of ANY industry where this would be acceptable.
100% assumption. and a piss poor one at that. You say they are losing shelf space yet are trying to increase profits by cutting workers wages? Acupulco Gold'd
If there was NO profit to be made, do you really think they would have just closed?
#32
Posted 16 November 2012 - 05:53 PM
100% assumption. and a piss poor one at that. You say they are losing shelf space yet are trying to increase profits by cutting workers wages? Acupulco Gold'd
If there was NO profit to be made, do you really think they would have just closed?
They have been running at a loss for a while now, maybe more than a year.
#42
Posted 17 November 2012 - 01:19 PM
http://www.ebay.com/...=item20cd912994
#48
Posted 17 November 2012 - 06:58 PM
maybe the union's position is money and not caring that their peeps are pushing out a shit product...you want more money to keep pushing out crap?!?
you act just like the big wigs that you are there to make sure shit like this doesn't happen....shameful greedy bastards
those workers should have been happy enough that they still had a job at any pay cut!!!













