Really? Maybe high labor costs played into it. There is something called competition.
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Hostess Brands closes 3 plants and laysoff 600+ workers
- Thread starter bobwg
- Start date
Really? Maybe high labor costs played into it. There is something called competition.
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Still....the union isn't the only reason for this mess.......company bears some blame as well....
They can go bankrupt and IF they have a product worth making.....and shed the union and hire all them illegals...
They can go bankrupt and IF they have a product worth making.....and shed the union and hire all them illegals...
"The BCTGM in September rejected a last, best and final offer from Hostess Brands designed to lower costs so that the Company could attract new financing and emerge from Chapter 11. Hostess Brands then received Court authority on Oct. 3 to unilaterally impose changes to the BCTGM’s collective bargaining agreements.Hostess Brands is unprofitable under its current cost structure, much of which is determined by union wages and pension costs. The offer to the BCTGM included wage, benefit and work rule concessions but also gave Hostess Brands’ 12 unions a 25 percent ownership stake in the company, representation on its Board of Directors and $100 million in reorganized Hostess Brands’ debt."
Sounds almost like the union was telling other companies we have the power to put you out of business if you don't bend to us. Workers be ****ed.
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Sounds almost like the union was telling other companies we have the power to put you out of business if you don't bend to us. Workers be ****ed.
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A large part of it was Hostess was having to pay pensions and medical costs for a large number of people who had never worked for Hostess. Every time Hostess would buy a company, the union demanded additional funds for existing retirees from those companies, despite then having pensions already in place. It got to the point they were paying more for people who had never worked for them than they were for current and former Hostess employees.
Maybe..but obviously management couldn't get things done....like out the union and whatever was necessary...to move forward
All Hostess had to do was go under....and shed the union skin....IMO
Frito-Lay is also fighting the unions...
Frito Lay¡s closure wipes out 134 jobs of Bakers Union
http://cjonline.com/news/business/2011-12-06/topeka-frito-lay-workers-nix-proposed-deal
Frito Lay¡s closure wipes out 134 jobs of Bakers Union
http://cjonline.com/news/business/2011-12-06/topeka-frito-lay-workers-nix-proposed-deal
They were in bankruptcy court. The courts have control on what they do and they have now gone under for good.
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someone owns the patent rights.....if it is a good product....they'll be back....
The bankruptcy court was the one that imposed that new contact with the pay cuts, and is the reason the union went out on strike. The union believed there was a buyer lined up to buy the company and give them all new jobs. They still think that, otherwise they'd have showed to for work yesterday. Whoops.
sounds more like the union was mis-informed....probably a company leak....to mess with them...
I am just saying..companies are just as much to blame for mismanagement, when products lines don't work out, or they fail to modernize quick enough....
I"ve in another lifetime been part of union busting...oh wait....security details to monitor union voting PRIOR to the vote....
I"ve in another lifetime been part of union busting...oh wait....security details to monitor union voting PRIOR to the vote....
You are not that naive to believe companies are always the innocent victim here?...they have enough dirty tricks to make unions a candidate for sainthood...
Sounds like the company complied completely with the conditions imposed by the bankruptcy court, who would certainly have been aware of any potential buyers. Maybe the union thought Barack Hussein Obama would come to their rescue and go into the Ding Dong business.
Not at all, but planting a false rumor with the union workers of a buyer would not benefit the company in any way. It would result in the union doing exactly what they did... standing their ground, not listening to the truth, and calling the company's bluff, which wasn't a bluff. Now the company is out of business. Nobody wins, and they have no wiggle room in the bankruptcy.
wvcourier
Expert Expediter
Pathetic... http://www.naturalnews.com/037994_Twinkies_Hostess_apocalypse.html
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No its all the fat pensions and retirement health care they negotiated over the years...they cant afford it...in other words unions..
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Exactly..my sister in law is carrier in my little town...the crap they pull...and get away with...dont feel sorry for them...
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