Skip to comments.Hostess Mediation Fails, Liquidation To Proceed; Furious Laid Off Workers Now Turn On Labor Union
Posted on 11/20/2012 7:49:57 PM PST by Nachum
Last week, when discussing the next steps for the company, and specifically the hope that mediation may resolve the epic animosity between management and workers, we stated that "What makes a mediation improbable is that the antagonism between the feuding sides has certainly hit a level of no return: "Several unions also objected to the company's plans, saying they made "a mockery" of laws protecting collective bargaining agreements in bankruptcy. The Teamsters, which represents 7,900 Hostess workers, said the company's plan would improperly cut the ability of remaining workers to use sick days and vacation." Sure enough, moments ago we learned that mediation has now failed and the liquidation may proceed. And since in America nobody understands that proper sequence of events involved in a bankruptcy liquidation, where the valuable parts always end up being acquired by someone, in this case the Twinkie brand and recipe, let the pointless Ebay bidding wars over twinkies continue. As for what really happens next, if indeed Bimbo is prohibited from acquiring the assets in the Stalking Horse auction due to anti-trust limitations, then the buyer will almost certainly be a "financial", i.e., another PE firm, whose coming means the end of any hopes and dreams of preserving union status at fresh start Hostess, or whatever the new firm will be named.
From the WSJ:
Hostess Brands Inc. said Tuesday night it would proceed with liquidation plans after mediation fails.
Earlier Tuesday, the head
(Excerpt) Read more at zerohedge.com ...
I read once about a auto assembly plant in California, where a worker was mutilated and killed by a dangerous condition that the workers had been complaining about for years. At the next union meeting a bunch of dead guys friends showed up demanding to know what the UAW shop steward was doing about the death, and the unchanged dangerous condition.
"Nothing." Was the steward's reply. He explained that since the dead guy had not filed a grievance complaining that he had been killed, he wasn't required, under union rules, to take any action.
“Laid off”? I thought they were on strike.
Now they’re FIRED.
It’s very doubtful that any Twinkies for US consumption will be produced in Mexico. The Bimbo operation bakes its US marketed products in the USA, in Texas to be exact. Isn’t it fitting that the rootin’ tootin’ Twinkie The Kid be reborn in Texas? (even if his parents are the Frito Banditos)
It’s very doubtful that any Twinkies for US consumption will be produced in Mexico. The Bimbo operation bakes its US marketed products in the USA, in Texas to be exact. Isn’t it fitting that the rootin’ tootin’ Twinkie The Kid be reborn in Texas? (even if his adoptive parents are the Frito Banditos)
The company was fired in this case... great job bakers union. Wonder what emoluments they will end up getting under the table.
Ayup, and now we see why "Right To Work" is NOT a bloomin' euphemism.
They did this nasty in order to prove their thugliness. At some point ex-workers are going to get tired of this game and say “who needs U” as in “union.” I hope.
I doubt if Twinkies will be made in Mexico. Few US-grade products are made in Mexico. Imported items are readily available, but they are generally cruder than the average US person expects.
I was not thinking about the union MEMBERS suing the Union. I was thinking of the non-members who lost their jobs as a result of the union workers striking.
I spotted a Mrs. Freshley clone of Hostess cupcakes — right down to the looped icing stripe — in a gas station yesterday.
Yup, in the Volunteer State... being in a union is voluntary.
The whole sentence is a non-starter non sequitur. There are no "cheaper condominiums" in Detroit. They're all cheap...
He's presumably talking about the Detroit metro area, specifically the part outside of Detroit city limits. The city proper is 82% black.
Miss M, I'd say Mr. Frank Hurt, the president of the baker's union is probably not sleeping very well right now, if one of the quotes from some of these Teamster's members is any indication:
Scott Quenneville, a Hostess truck driver represented by the Teamsters, said he feels his colleagues were misled by Mr. Hurt into believing that a buyer would swoop in for the company...."Frank misled a lot of people. He was not going to settle for anything less than closing the company down, because they didn't want that 8% pay cut," said Mr. Quenneville. "If you don't want the job, leave the job. Why ruin 18,000 jobs?"Uh, Frank? Happy Holidays. Be careful out there!
Bimbo has plants all over the US, so probably not.
Bimbo has plants all over the US, so probably not.
I’ve worked an several of the Bimbo plants around the USA in a previous job.
They make sure that you know it’s pronounced Beam-bo.
No. Not only is it pronounced “beembo”, but Ms. Flake is a slut, not a bimbo.
I'm sure she'd be highly quailified for either position.
Her looks don’t qualify her for a bimbo.
Thomas muffins! That’s my fave brand.
LOL. OK, not in the classical sense. Maybe in the Clintonian sense...of course, he was interested in dating a 515 year old mummy :0)
Too bad about the suckers who fell for their scam, though. At least Sandy will provide a lot of used, wet cars for them to live in, so all is not lost.
They make their stuff in the market that they are sold. They are the largest US bakery, and their stuff for the US is made in the US. They have 49 bakeries and most of their products are made in the same state they are delivered. There is no other way to get the stores fresh bread.
Does everyone really think they can make bread products in Mexico, drive them across the border and then proceed to deliver them all over the US and still manage to deliver fresh bread?
When those trucks begin moving from Medico to the US, I believe their transit is covered under NAFTA. My guess is the drivers are not in the union.
130K a year to drive a truck??? WOW. My uncle was a route guy driving a truck for 40 years and never made a third of that and his pay included commissions.
It’s been a long time since a union boss turned up dead but this bunch has done so much damage that some of these newly out-of-work guys just might not have their usual sense of humor.
Bread itself, no, but twinkies and ding-dongs, yes.
Entemanns (spelling?) bakery here in Chicagoland. The stuff is pretty darn good, delivered every morning to the market.
I don’t much care for the Bimbo brand sweets. Mexicans seem to have a different taste in sugary foods than we do.
I doubt they will change the flavor, look or whatever of hostess if they buy it. Word is now that a judge will rule they cannot buy it because of monopoly laws or something I had heard on the radio.
Watch for team Obama to basically give the company to the unions, and subsidize it for the next decade.
You can bet your sweet *** I’m never going to make any more smart*** remarks about Bimbo bread in the future. Sheeeee- IT! My good luck, Brad Keselowski, #2 Miller Lite Dodge T-shirt is full of holes now. LOL!
Yes, a crazy lib argued with me the other day- she was claiming that we don’t have troops in Iraq or Afghanistan any more. She snidely informed me that Obama had ended the terrible Bush wars and brought all our military home. I am sure she voted, likely more than once.
Most of those facilities and workers will not be needed, no matter who buys it.
BIMBO already has bread, all they need to do is slap “Wonder bread” on it.
After almost 2 years of being unemployed and underemployed ( and glad to have a job even if temporary) I am just having one heck of a time dredging up any sympathy for any of these union folks.
Your union boss got his and he got yours too. He was a greedy corporatist capitalist bastard all along. He’s probably got another job already.
At this rate there won’t be too many of us tax payers. Pray for our nation is all I can say.
You can't fix retarded.
Yes, and I’m sure many more important people and companies will be heading for the gulch soon too!
Mud Man, now there is one slick job.
As for the union thugs let them eat bark.
I have seen unions reject machinery that made the work place safer. Who cares if an average of 6 of their members per year end up with crush injuries? Not the union! It was the "evil management" who wanted to protect the guys doing a more dangerous then it had to be job.
I have seen them sabotage their own product not because of a labor dispute but from sheer nastiness.
I have seen them come in drunk or high repeatedly and be sent off to rehab at company expense also repeatedly.
Unions are protection rackets and should be shut down.
Let the union pay the members incomes, after all they collected all those union fees for years and decades in some cases, oh wait silly me.
Those fees went to getting rats elected even if the union member did not want the rat.
"Young fool. Only now at the end do you understand."
Even if you could keep the bread fresh, I doubt you could sell it at a profit in Chicago or NYC, after sending empty trucks on a round trip to Mexico, and back, even if you were given the bread at no cost.