Skip to comments.Twinkies maker Hostess gives unions 'final' offer
Posted on 04/14/2012 6:35:54 PM PDT by Jet Jaguar
The company that makes Twinkies, Wonder bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts.
Hostess Brands Inc. wants the Teamsters and bakers' unions to accept reduced pension benefits and changes in work rules to lower costs. It wants to outsource some delivery work.
The company said Saturday that if the unions reject the offer, it will push ahead with efforts in bankruptcy court to throw out the unions' collective bargaining agreements. A union official warned that could lead to a strike.
Hostess Brands filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade. A trial to decide the fate of the union contracts is scheduled to start Tuesday.
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There are Lies, Damned Lies, and Statistics... and you seem to be unable to figure out which is which
“Per the US Department of Labor Bureau of Labor Statistics in 2011 only 6.9% of private sector US workers were represented by a union while 37% of public sector workers belonged to unions.”
Yeah....but how many of the 6.9% actually could be exported due to union influence? Labor has been as much of the downfall of the economy as the crooked politicians. I”d slit my grandmother’s throat before I’d join a union or vote for a democRAT!
We’ve always got Little Debby. By they way, I heard from a reliable source that the owner of Little Debby is/was a health nut and would eat his own product.
They will contract with regional bakeries to make their
One day, archaeologists will reconstruct our civilization from Twinkies.
Look up how much the CEO of Walmart makes, then look up how many employees Walmart has. Divide employees into CEO pay and see what you get.
The CEOs pay is negligible on making a dent in the average Walmart employees life.
Next, look up the Forbes top 500 CEOs pay, then divide it by WALMARTS employees (its too hard to figure how many employees the top 500 have.)
Next, look up the Forbes top 400 richest Americans and add up all their estimated wealth. How does it compare with this years deficit?
The point being, that for ALL the focus on the evil rich people, They don't have or make enough to truly influence everybody elses life, if all their money were simply given to everybody else.
This became very clear to me a few years ago during a strike by workers at one of the major grocery store chains in California. I read an article about the strike in one of the national financial magazines, and was surprised at how candid the workers on the picket line were. The vast majority of them admitted that they do their grocery shopping at Wal-Mart ... a major retail chain that has taken a big chunk out of the market share of traditional retail chains and employs non-union labor to keep their costs low.
This goes back to a statement that I've made for a long time about most issues related to U.S. labor. The heart of the problem, as I see it, is that there is a huge gap between what a typical American charges for his labor and what he's willing to pay someone else to do the same job. Is there any less "greed" in that than you see in corporate boardrooms all across this country? I don't think so.
I don't know what the solution is, but it is critical for us to keep in mind that the problem isn't a simple one.
I wonder what comparison could be made from two different angles: (1) the comparison of CEO pay to total company compensation (rather than comparing a single CEO with enormous responsibilities with a single employee with much more limited responsibilities); and (2) the ratio of CEO pay to business volume.
Item (2) is an interesting point because it goes to one of the things that is often overlooked in these comparisons from one generation to the next -- namely, the fact that today's companies are much bigger and do far more business than their predecessors.
Twinkies under assault by Union Ho-Hos!
What must also be considered is the regulatory regime that is choking off business, the lawsuit brigades who bleed companies white, and the ever escalating costs of insurance. These elements are what drives companies elsewhere, not “cheap labor” per se. Labor is only a part of the reasoning.
American workers are still, by far, the most productive in the world. Sadly, our own government, at all levels, does its best to make operating a business (especially manufacturing) very nearly cost prohibitive. Slip-and-fall lawyers take care of the rest...
These are Twinkies we're talking about here....
“Maybe Obama will bail them out?”
And Moosechell can start promoting Twinkies as a health food!
Much of the offshoring of US consumer goods is due to pressure from Wal-Mart. Once great American manufacturers of consumer products (Hanes, Rubbermaid, Corningware for example) have become distributors for Chinese factories. See the story here: http://www.pbs.org/wgbh/pages/frontline/shows/walmart/secrets/wmchina.html
If the unions vote “No” or strike, Hostess should close the plants and sell them. Or, better, offer them to the union to buy and run. See if the union is stupid enough to fall for that.
[Hint: Railway Express Agency’s union did that. REA still went bust because the union “management” couldn’t keep the company afloat and make money when they gave the union “workers” the raise they wanted.]
Is it not illegal for an American to think Twinkies are crap?.....lol.
As it happens, this Jock agrees with you. Never saw the fuss.