NBCDFW: Twinkies Maker Hostess Going Out of Business, CEO Blames Union Strike

[Sticksboi05]

Somewhere Newman is crying.

[Koolblue13]

That's the only Hostess product I've ever liked. Tastycake is king

[Larry]

You'll still get twinkies etc. They will just now be made in China. With extra lead.

And the 18k union employees will be SOL.

Agreed.

Heck, they've got enough preservatives in them, they could ship them by camel and not have a problem.

[twa]

When a company fails, Unions will blame the management and the management will blame the Unions... Some people will agree with the Unions while other people will agree with the management.

Now does anybody know what actually happened there?

Yes

Hostess is in bankruptcy and the court ordered reductions in pay...the union went on strike,despite it not being the companies decision.
Hope they find a job since they obviously don't want that one

http://www.zerohedge.com/news/2012-1...-labor-union-a

[BRAVEONTHEWARPATH93]

Poor Andy Reid can't catch a break this year. He's probably losing his job with the Eagles and now Twinkies are going away too.

-from the faux John Madden twitter account

[Stadium-Armory]

This just in: Little Debbie gloating, drunk and completely obnoxious today. Just keeps repeating "I got your Twinkie right here."

[Sticksboi05]

[China]

It sounds like they were doomed regardless of any sort of union strike.

Also, from reading elsewhere it sounds like the company had stopped paying out pensions for a few years and the union wanted them to disclose what they were doing with the money, but Hostess declined to do so which lead to the pissing off the union even more.

Hostess has been in bad shape for a long time. They went bankrupt back in 2004, and again last year. The union thing is just the straw breaking the camel's back. They won't be able to recover from this to the point they can go bankrupt again. They'll have to liquidate this time.

[Jumbo]

Hostess has been in bad shape for a long time. They went bankrupt back in 2004, and again last year. The union thing is just the straw breaking the camel's back. They won't be able to recover from this to the point they can go bankrupt again. They'll have to liquidate this time.

How may lives have those brave union members saved? Hard to say, but I salute their sacrifice for their fellow man.


http://today.msnbc.msn.com/id/388720.../#.UKZyYeQ0WSo

37 ingredients Twinkie eaters ingest


More, including a fun pictorial, at link. Plus, I noted this comment at bottom of page:

I was doing fine reading through all the ingredients until I saw they included at least three derivatives from Soy. Soy will sterilize males, and this is just another left-wing feminist conspiracy to destroy us males.

Now I know where LSF worked!

[Predicto]

I was listening to the radio on the way in from work today, and the person calling in was a Hostess salesman/distributer. He said that the company had been bought by a hedge fund, they had spent the last few years cutting back and selling off pieces of the company, and that they decided that the real estate of the various Hostess factories and offices was worth much more than the company as an ongoing business. Blaming it on the union is just an excuse for completing what they had been doing all along. I do know that Hostess had a large bakery here in San Francisco on Potrero Hill, and that it was closed and sold to developers a couple of years ago.

I don't know what the real answer is, but I thought I should throw that out there. It's just as reliable as a shamelessly biased article from the zerohedge.com blog.

[mcsluggo]

I don't eat them anymore, but I used to love them orange cupcakes.

i have never tried them in the past.. but i have one sitting in front of me RIGHT NOW

hmmmmm

[daveakl]

I was listening to the radio on the way in from work today, and the person calling in was a Hostess salesman/distributer. He said that the company had been bought by a hedge fund, they had spent the last few years cutting back and selling off pieces of the company, and that they decided that the real estate of the various Hostess factories and offices was worth much more than the company as an ongoing business. Blaming it on the union is just an excuse for completing what they had been doing all along. I do know that Hostess had a large bakery here in San Francisco on Potrero Hill, and that it was closed and sold to developers a couple of years ago.

I don't know what the real answer is, but I thought I should throw that out there. It's just as reliable as a shamelessly biased article from the zerohedge.com blog.

So the guy calling into NPR "claims" to be a "salesman/distributer" and says "blaming" it on the "union" is just an "excuse"? Yea right. The smug coming from San Fran just gets worse and worse.




(They have/had a plant here in NC and about 275 people lost their jobs. That area doesn't have the best employment options either)

[China]

37 ingredients Twinkie eaters ingest


More, including a fun pictorial, at link.

Well without those 37 ingredients Twinkies wouln't last for 30 years.

[mboyd784]

What's a twinkie?

[Riggo-toni]

Did Hostess ever make anything that wasn't toxic garbage?
All their stuff was revolting and unhealthy.