Hostess to liquidate if bakers' strike continues through Thursday (18,000 jobs)

cnn money ^ | 11/14/2012 | By James O'Toole

[for-q-clinton]

Who is John Galt?

[ScottinVA]

The union did not immediately respond to a request for comment Wednesday, but has called the concessions demanded in the new contract "outrageous."

Then start lining up for your welfare check, losers.

[sickoflibs]

Welfare before paychecks union ping!

These selfish (union) fools deserve the nation’s contempt if Hostess closes.

[Cletus.D.Yokel]

:: Then start lining up for your welfare check, losers. ::

And the other side of that story is that, when they lose their job and are collecting welfare...they aren’t required to pay union dues.

Talk about a lose-lose proposal! Stoopid X2.

[Little Ray]

You’ll have to ask the owners of Hostess Bakeries when they hit the Gulch.

[RobertClark]

Someone will happily come along and buy the Hostess/Ding Dong/Twinkie brand names, while shedding the union baggage. These striking fools just don’t realize that, do they?

In that position, I believe I would have private equity quietly lined up already to swoop in and purchase. Dump the union baggage, make a few changes to the board and roll on.

Eat corn union maggots!

[henkster]

You’re right; these union workers really are stupid. The contract was “forced” on them not by management, but a bankruptcy judge. So the company is in bankruptcy...HELLO! Does the word BANKRUPTCY mean anything to you union morons? Last I checked it meant NO MORE MONEY. Hostess is broke.

I’ll bet the contract offers more than minimum wage, and bennies, too. After Hostess liquidates, we will see all sorts of sob stories from these “workers” whining about how they can only find minimum wage jobs without benefits. So it seems these fools have a company that’s offering them more than their skills are worth in the open labor market. A smart person jumps on that like a loose football in the end zone. A fool declines it.

These are the idiots who gave us 0bama. They have ruined our country. They will get what they want and deserve.

[GeronL]

They will love those 28 hour a week jobs without benefits.

[GeronL]

If there is no news on this today, does that mean Hostess is gone tomorrow?

[henkster]

That’s what it sounds like; here today, gone tomorrow.

Damn, I really liked Ding Dongs, too. Right out of the refrigerator, they were like tasty little hockey pucks.

[DoughtyOne]

I agree. It’s painful to give up salary, been there done that, but if the company is bleeding you have to chip in to make sure it survives.

I can’t believe it actually makes sense to these people to drive their employer out of business, in the interest of their own salary.

What salary, if the business goes under?

[GeronL]

4pm deadline....

was that Eastern Time or Central (company HQ is here in Irving)?

[henkster]

I don’t think it matters whether it’s EST or CST; it’s 3:00 EST now. Not enough time to get a deal, IMO. No more hockey pucks....

[COBOL2Java]

The union knows Obama will save them like he did GM. I don’t expect the unions to back down.

Hadn't thought about that. So now he'll want to nationalize the baking business...more Ho-Ho's for Michelle!

[Salamander]

I don’t eat anything that has a ‘shelf life’ of 500 years.

:)

[ponygirl]

I'm going to add a half-dozen packages of the orange cupcakes to my grocery purchases tomorrow. I do love those nasty things.

You guys be careful snarfing those snacky-snacks. You know how unions love to "tamper" with things when they are pissed off.

[henkster]

Didn’t they find some Twinkies in King Tut’s tomb that were still edible? Right next to the Twizzlers and Slim Jims, I believe.

[GeronL]

All they have to do is go to work and agree to continue negotiations later.

[henkster]

If they can get them there. 4:00 must have some sort of meaning as a deadline. Is there a bakery shift that starts then?

[Joe 6-pack]

"I can’t believe it actually makes sense to these people to drive their employer out of business, in the interest of their own salary."

Sadly it's an old phenomenon. The phrase about cutting off one's nose to spite one's face goes back about 1,000 years; the notion of a Pyrrhic victory, well over 1,000 years before that.