It seems that the union priced themselves out of the market. New maker of Twinkies: Non-union workers will be used to restart plants As happens so often, unions shops go under, and are replaced by non-union labor. Of course, that often happens somewhere else, so the whole areas suffer for the union boss’s greed. I expect thuggery.
Well, it was announced yesterday morning. Hostess, the maker of such foods as Twinkies, Ho-Ho’s, and Wonder Bread, is liquidating all of their assets. The cause is simple and obvious-organized labor. Michelle Malkin has the details… This morning Hostess announced it was closing down. The union rejected a proposed 8 percent wage cut, and the end result is a 100 percent wage cut for over 18,000 workers: 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. “We deeply regret the […]
Earlier this year, we covered that Hostess, the iconic brand that makes such treats as Twinkies, was going bankrupt. At the top of the list of causes was high labor costs. The company had stated that if the union went on strike, the company would be liquidated. But, when the company made an offer to save the company, the workers decided that they didn’t want their jobs after all. The Gateway Pundit has more… Over 600 workers will no longer have a job. Nice work bakers’ union. St. Louis Today reported: Hostess Brands permanently closed three bakeries Monday, including a plant in St. […]
A few months ago, we covered that Hostess, the company that makes Twinkies, Ding Dongs, and the like, was headed towards bankruptcy, and the worker’s unions were a large part of the problem. Basically, the company needs to re-do it’s labor contracts, or it’s goodbye Wonder Bread. It’s apparently not going so well, as Labor Union Report is claiming… Hostess Chief Executive Gregory Rayburn last week told Dow Jones that the iconic maker of Wonder bread and Ho Hos will shut down its operations and sell off its brands, plants and other assets immediately if members of the two biggest unions […]
After Kodak declared bankruptcy last month, another iconic American company has filed for bankruptcy protection. Hostess, the makers of Twinkies, Ho-Ho’s, and Wonderbread, has filed for protection. Here is some more from WSJ. The privately held Irving, Texas, company’s move marks the second significant court restructuring in the past several years. In a statement, Hostess said the current cost structure “is not competitive, primarily due to legacy pension and medical benefit obligations and restrictive work rules.” It said it would be able to maintain operations thanks to a $75 million financing commitment from a group of lenders. In bankruptcy, Hostess said it […]