Unions Killed the Twinkie

[Ed W]

I like these better than Twinkies.  First, they're chocolate, and they're so sweet they make your teeth hurt.  Perfect with a cup of black coffee for balance.

[joiei]

I haven't bought any Hostess products in years.  I feel for all the folks
Who have lost their jobs

[Breadburner]

Feel for the folks that lost their jobs....The dumbasses gave them up.....!!!!

[Red Arrow]

I haven't bought any Hostess products in years. 

So it's all your fault.   

[Teatownclown]

http://www.dailykos.com/story/2012/11/18/1162786/-Inside-the-Hostess-Bankery#

Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.

Product obsolescence, bad union bosses, and crooked execs destroyed this company. I believe in tomorrow and the resurrection of twinkie.

The workers are pawns in this game between Union Bosses and Executives.

 

[nathanm]

Feel for the folks that lost their jobs....The dumbasses gave them up.....!!!!

Yeah, they're such idiots for protecting what pensions they had left. The company stopped contributing to the pension a couple of years ago (in violating of the CBA), saving itself some $160 million in the meantime. Still they lost money and added debt. The unions have given and given to this company and management has continued to run it into the ground. Why should the workers agree to the company converting pension obligations to equity when that puts them at a disadvantage after the inevitable bankruptcy?

I have little doubt that a management team that was more interested in keeping the company going than looting it could have kept it afloat.

[Teatownclown]

A company making the same exact products for 50 years while every other company has evolved helps to make a company irrelevant.

[Breadburner]

Yeah, they're such idiots for protecting what pensions they had left. The company stopped contributing to the pension a couple of years ago (in violating of the CBA), saving itself some $160 million in the meantime. Still they lost money and added debt. The unions have given and given to this company and management has continued to run it into the ground. Why should the workers agree to the company converting pension obligations to equity when that puts them at a disadvantage after the inevitable bankruptcy?

I have little doubt that a management team that was more interested in keeping the company going than looting it could have kept it afloat.

What do they have now.....??

[sgrizzle]

What do they have now.....??

A somewhat-protected pension fund

[carltonplace]

Hostess sold $68M in Twinkies so far this year. It won't be long before someone else buys the product family and reopens some of the factories. Johnson and Johnson will be selling combination twinkie snack cakes and sponge mops soon.

Hopefully Tulsa will reopen.

[carltonplace]

I like these better than Twinkies.  First, they're chocolate, and they're so sweet they make your teeth hurt.  Perfect with a cup of black coffee for balance.

I'm fairly certain that Hostess also makes Dolly Madison snacks.

[sgrizzle]

I'm fairly certain that Hostess also makes Dolly Madison snacks.

Yup. Grabbed a box of Raspberry Coconut Zingers myself.

[bmuscotty]

Where do you find Tastykake around here?  When I lived in PA, they were rare west of the Alleghenys.

I have found them at Wal Mart and Target. The new chocolate ones with the Reese's peanut butter in them are awsome.

[joiei]

Tastykakes can also be found on the dessert menu at Phat Phillies.

[Hoss]

And the purchasing rumors begin!

http://abcnews.go.com/blogs/business/2012/11/twinkies-may-find-buyer-hostess-ceo-says/