Last Updated: Mar 14,2013
America has been exporting its "culture" enough
Now what will I deep fry next that is artery clogging?
Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.
Being seriously satirical, sorry. However, there was a time in my life when no other munchie would quite fix my need as well as a Suzy Q.
Interesting. How can they just go on strike suddenly and the company is going bankrupt. They have been going under all along, probably from the top execs skimming.
Good news, there is a petition on the White House website to nationalize the Twinkie industry:
What are we going to eat when the zombie apocalypse finally materializes?!?!1!/1?
They're actually just talking about it on the local news here showing some dopes hoarding them at the grocery store.
I read a news article that stated that Hostess has filed for bankruptcy twice since the early 2000's. It looks like they're throwing in the towel, now.
So the blame can't rest squarely on the unions (specifically the Bakers' union) as it sounds like this company hasn't been managed effectively. Although the unions are going to get the most of the blame, and maybe unjustly so. I'm sure the top execs gave themselves very large bonuses and pay raises. But the unions did ask for too much. So it was a case of mutually assured destruction and greed rules the day.
CEO on CNBC said there was plenty of blame to go around for the state of things, but the problem was there was only one way to save the company. And even the teamsters agree'ed with that.
But some reason it only took 30% of the bread workers union to get the other 70% willing to take the deal, shiet canned too.
News last night interviewed people from the local plant. The union (s) that had voted to take the pay cut was thoroughly annoyed with the bakers union and were very vocal about it.
If management is being greedy that's disgusting.
so does this mean that little Debbie will buy out the Twinkies name? We should hope so
I guess that the Mayans were right after all.
Takes two to tango.
When others import and buy less, we'll export and sell less.
The blame for them finally going under can be 100% put on the BCTGM. Yes they were in trouble before but the Teamsters agree to pay-cuts in order to help Hostess survive and rebuild. If the BCTGM had agreed to the same deal then they wouldn't be in this mess.
If you are throwing around blame for Hostess getting into the mess from the beginning then of course you can blame management some but management didn't cause this last issue.
If manufactured in China, you could find some strange fillers again.
I think the originals tasted like cardboard anyway. I'm looking at a King Arthur Flour catalog and if you like sweets, this stuff is really attractive. What's nice, if you follow directions it turns out just like the picture.
Just thinking, it would be neat if someone made the original ones again.
twinkies originaly had bananna cream in them, but war shortages changes the design.
Twinkies - Top 10 Iconic Junk Foods - TIME
I'm guilty of Cheetos, Doritos, and Pepperoni Pizza - although if they ever make a vegetarian pepperoni, I'd buy it.
There's an Interstate Bakeries Corporation bakery right next to the interstate about 5 miles from my house. My wife and I loved driving by it, it smelled awesome.
I'm sure the component brands will be bought, but who knows if that bakery will still be operating.
The judge has ordered the owners and the union back to the table to try one last time to come to an agreement. I really don't think the owners want to save the company. They would rather sell off the brands and take the money and run, rather than go through trying to emerge from bankruptcy. They get the added bonus of giving the unions a black eye on the way out. Owners also won't have to look like the bad guys for shipping the jobs to China, which is probably inevitable. Shame about the jobs, but all of those snacks are terrible in my opinion. They taste stale no matter how fresh they are.
Hostess shutdown on hold
Hostess Brands and a key union agreed Monday to try to mediate their dispute -- an unexpected development that could spare the company from permanently shutting down.
And its done and over, the union played the hokey pokey with the unemployment line and lost.
I saw a piece on CNN about a week ago with one of the striking employees.
The union stance was based upon the employees had about 20% of their income withheld for pension fund that Hostess never put the $ into; the claim was that Hostess essentially was robbing employees.
I don't know the whole story but I can see the anger/frustration if this is true.
Sad tp say that is very common, pension funds are the last to get paid after a company starts to fail, banks and everyone will get paid first, if there is any left, then a pension might get paid out on a small % of the original.
why you never do company run pension or stock retirement, any conflict of intrest, will mean you lose.
control your own money.
besides pensions, taxes and SS money often doesn't get paid either, but you just don't see a loss as the GOV doesn't make you pay for what they took from your check for that but never sent in.
Not to mention the executives were giving themselves millions in bonuses while asking the workers to take another pay cut. Love how people say the union was making unreasonable demands without knowing the facts. As far as I can tell, they weren't making demands at all, they just decided they had taken enough crap.
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