Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Twinkies Maker Will Close After Strike
ABC News ^ | 16 November 2012 | JEANETTE TORRES and BILL McGUIRE

Posted on 11/16/2012 4:34:48 AM PST by RabidBartender

Hostess Brands Inc., the maker of the iconic snack, announced today that it will liquidate the entire company because not enough striking employees returned to work by a Thursday evening deadline set by the company.

"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said Gregory F. Rayburn, chief executive officer. "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders."

Hostess said it will seek bankruptcy court permission to close its business and sell its assets, "including its iconic brands and facilities. Bakery operations have been suspended at all plants."

"The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate after one of the Company's largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the Company's ability to produce and deliver products at multiple facilities," the company said in a statement.

"We simply do not have the financial resources to survive an ongoing national strike," Rayburn said in a statement Wednesday. "Therefore, if sufficient employees do not return to work by 5 p.m., EST, on Thursday to restore normal operations, we will be forced to immediately move to liquidate the entire company, which will result in the loss of nearly 18,000 jobs."

More at link

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: buhbye; dingdongs; epicfail; hohos; losers; twinkies
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-107 next last
I wonder if Obama will step in with the Labor Board and tell Hostess they can't do this.

Ayn Rand was so prophetic.

1 posted on 11/16/2012 4:34:51 AM PST by RabidBartender
[ Post Reply | Private Reply | View Replies]

To: RabidBartender

2 posted on 11/16/2012 4:36:47 AM PST by RabidBartender (If pigs could vote, they'd vote for the guy holding the slop bucket.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

BRILLIANT!

3 posted on 11/16/2012 4:38:00 AM PST by RabidBartender (If pigs could vote, they'd vote for the guy holding the slop bucket.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

Wow. Is this real? Hostess? A company that large just liquidating?


4 posted on 11/16/2012 4:38:12 AM PST by avenir (I'm pessimistic about man, but I'm optimistic about GOD!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

I will gladly give up frosted honey buns to see these parasitic a- holes tossed out on the streets.


5 posted on 11/16/2012 4:38:43 AM PST by Vermont Lt (The dude abides.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RabidBartender

Well... at least he still has his ObamaPhone, though. ;)


6 posted on 11/16/2012 4:39:02 AM PST by KentTrappedInLiberalSeattle ("If you're not fiscally AND socially conservative, you're not conservative!" - Jim Robinson, 9-1-10)
[ Post Reply | Private Reply | To 2 | View Replies]

To: RabidBartender

I saw a crawler on FOX or CNBC this morning where some union nutjub said the employees would be better off on unemployment. Real smart - I have no sympathy for the union employees (never did anyway).


7 posted on 11/16/2012 4:39:02 AM PST by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

Mooshell doesn’t like Hostess treats being in business fattening up our kids. Of course, she’s probably got a huge Hostess stash at the White House like JKF did with Cuban cigars before stopping trade with Cuba.


8 posted on 11/16/2012 4:39:23 AM PST by NRA1995 (CNN should be PNN (Propaganda, Never News))
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

where are your jobs now idiots


9 posted on 11/16/2012 4:39:29 AM PST by yldstrk (My heroes have always been cowboys)
[ Post Reply | Private Reply | To 3 | View Replies]

To: RabidBartender

Life’s little Twinkie gauge just went empty for them.


10 posted on 11/16/2012 4:39:57 AM PST by Chipper (You can't kill an Obamazombie by destroying the brain...they didn't have one to begin with.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

I hope none of these union goons ever finds another job!
Idiots!


11 posted on 11/16/2012 4:40:11 AM PST by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NRA1995

Oops, meant JFK.


12 posted on 11/16/2012 4:40:11 AM PST by NRA1995 (CNN should be PNN (Propaganda, Never News))
[ Post Reply | Private Reply | To 8 | View Replies]

To: RabidBartender
The best way to payback the union and end mob rule ..er "collective" bargaining BS and prove who owns the company.

I had a brother-in-law who lost his job this way years ago. They stayed on strike for a year and a half until finally the company closed up and moved down south. 850 guys lost really great paying jobs cause they were a bunch of thugs and smart-a&&es!

13 posted on 11/16/2012 4:41:22 AM PST by wesagain (The God (Elohim) of Abraham, Isaac and Jacob is the One True GOD.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

I think the admin will intervene...


14 posted on 11/16/2012 4:42:08 AM PST by ltc8k6
[ Post Reply | Private Reply | To 1 | View Replies]

To: OrioleFan

Nan Pelosi and Hary Reid claim that unemployment benefits are stimulative, so I guess this is further good news for the obamanomic recovery

Surely someone will buy the Twinkie brand, maybe a Canadian bakery


15 posted on 11/16/2012 4:42:26 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
[ Post Reply | Private Reply | To 7 | View Replies]

To: RabidBartender

Well.
I guess those unions really SHOWED HOSTESS, didn’t they?!

Never mind that the pissing match cost 18,000 to lose their jobs.

Unions = IDIOTS!

Mining is the only industry in which I can understand the possible need for unions.


16 posted on 11/16/2012 4:42:59 AM PST by a real Sheila (R.I.P AMERICA 1776 - 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

"Hey-Ho, Where'd my job go?"

17 posted on 11/16/2012 4:43:56 AM PST by RabidBartender (If pigs could vote, they'd vote for the guy holding the slop bucket.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: RabidBartender

Maybe the gubmint will step in and take over Hostess

Can’t you just see moochelle redesigning low fat Twinkies?


18 posted on 11/16/2012 4:44:32 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RabidBartender

19 posted on 11/16/2012 4:45:06 AM PST by KentTrappedInLiberalSeattle ("If you're not fiscally AND socially conservative, you're not conservative!" - Jim Robinson, 9-1-10)
[ Post Reply | Private Reply | To 3 | View Replies]

To: avenir

Was big news here yesterday that it could happen today.

When will unions realize that one of their most potent advantages, being the only game in town, doesn’t work anymore.


20 posted on 11/16/2012 4:45:06 AM PST by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
[ Post Reply | Private Reply | To 4 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-107 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson