Skip to comments.Hostess employees hope buyers will put them back to work (Yeah right!)
Posted on 11/19/2012 7:17:46 AM PST by tobyhill
Former employees of Hostess Brands Inc. are now hoping that a buyer will save pieces of the liquidating company and put them back to work.
Hostess set a 5 p.m. Nov. 15 deadline for workers involved in a union-organized strike to return to work. The company warned that if the ongoing labor strike continued it would force the company into liquidation, and it wasnt bluffing having announced plans to liquidate and lay off 18,000 employees.
But now those that are out of work, including nearly 200 in Jacksonville, are hoping that someone will buy the popular Hostess products and reproduce them, the Wall Street Journal reports.
(Excerpt) Read more at bizjournals.com ...
Yup. The first thing I would want, after sinking millions into a business investment, would be to hire union workers to staff my operation.
The plants in the right to work states are worth something..the others are only worth the salvage value of the equipment and the real-estate.
Who buys a money loosing plant in a union shop state? Only a crony with a govt loan with zero equity at risk.
I live in Mexico. We MAKE Twinkies there REAL cheap. Soon you can order them on line at Amazon and avoid all of the Unionized bakers and drivers and bosses and union shops. Life is great...TWINKIE POWER.
The products will still be made, but under new owners in their facilities. They would be insane to hire you scumbags......
Hopefully the non-union workers will be re-hired. As for the union drones, well, they can get a job, too. Let them get at the end of the line.
You’re making the Twinkies American won’t make?..............
And I hope the buyers bring them back at half their original pay
,,,,, I hope these greedy b@$+@rd$ lose their homes , cars and everything dear to them as many non-union folks have already lost . They ,, unlike many non-union folks still had a job to go to whereas those non-union folks would have easily given up 8% of their wages in order to just keep their jobs , homes , cars etc. .
Some of these union thugs are bragging now on how they closed down Hostess . Let them eat cake now .
Mexiso believes in collective bargaining, uh huh.
Hopey for changey ended up in outof joby.
This would have been preferable to the GM/Chrysler bailout. As long as Chapter-11 (or whatever number it is) is not an option, this Twinkie example is the next best path. What happened with GM/Chrysler is akin to a buyer coming in to take over twinkie, and KEEP all the inefficient unions in non-right-to-work states.
Someone will definitely by the brsnds, but who in their right mind would hire those guys?
A Labor Victory Over Hostess (satire)
“Who buys a money loosing plant in a union shop state? Only a crony with a govt loan with zero equity at risk.”
Still a possibility especially with our current adminstration. Most likely Mexico wins in this one. Haven’t heard of any Asian or European interest in this but can’t ignore what any of those parties might do.
The article has experts in liquidation saying it could take years to liquidate Hostess’ assets.
So, even if we’re talking only a year or two, the lion’s share of these workers are not coming back to work at their former place of employment if a purchaser were dumb enough to return to the same place where the union killed the company. That’s not very likely.
I imagine the recipes and trademarks will be purchased by some other product line and reproduced with their own equipment on their own lines in their own states.
I imagine the profit margin on this kind of product means that unionized workers with greeder union bosses will not be considered even for a second as prospective employees. I agree with those who say this will go to some kind of right to work state or to some private company.
Our plant just went through that four years ago. Since our plant was non-union, more productive and produced better quality, jobs actually moved from their existing plant to ours. When I went down to the existing plant to pick out which materials we wanted moved to our plant, the stares I got were so icy that I could have frozen (or bleed) to death.
If Bimbo (the Mexican company) becomes the buyer, they will probably not only move production to right-to-work states, they will hire the newly minted DREAMers to replace the the union employees.
And the irony of it all will be totally lost on the jag-offs.
not if they ship UPS...