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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
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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
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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.)
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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.)
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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!)
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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.)
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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)
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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.)
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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))
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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)
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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.)
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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)
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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))
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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.)
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To: RabidBartender

I think the admin will intervene...


14 posted on 11/16/2012 4:42:08 AM PST by ltc8k6
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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)
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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)
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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.)
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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)
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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)
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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.)
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To: a real Sheila

If I heard it correctly on the radio yesterday, the real tragedy is that over 10,000 of the Hostess employees being laid off aren’t even union guys.


21 posted on 11/16/2012 4:45:38 AM PST by RabidBartender (If pigs could vote, they'd vote for the guy holding the slop bucket.)
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To: RabidBartender

Well he got a fair contract I guess. He can ask for whatever he wants now with no repercussions from management...


22 posted on 11/16/2012 4:46:52 AM PST by ejonesie22 (8/30/10, the day Truth won.)
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To: RabidBartender
I just wish they'd move to a right-to-work state. I'd bet people would move there to get a job.

(Like they did to ND to work in the oil patch and a host of spinoff jobs in just about every sector but 'union organizer'.)

23 posted on 11/16/2012 4:47:10 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: RabidBartender

There are a lot of non union people that lost their jobs, but your pictures warmed my heart a little.


24 posted on 11/16/2012 4:47:24 AM PST by Vince Ferrer
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To: silverleaf

I wouldn’t be surprised if Bimbo Bakeries from Mexico buys up Hostess.


25 posted on 11/16/2012 4:47:36 AM PST by NewsJunqui
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To: RabidBartender
So how'd that strike work out for ya, moron?

And put that cap on straight!

26 posted on 11/16/2012 4:47:49 AM PST by grobdriver
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To: RabidBartender

I say the 10,000 need to hunt down the union thugs and deliver a good, long-deserved thumping.


27 posted on 11/16/2012 4:48:06 AM PST by a real Sheila (R.I.P AMERICA 1776 - 2012)
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To: RabidBartender

Great job, union. 18,000 of your members out of work now but at least you showed them! And they all think its the company’s fault.


28 posted on 11/16/2012 4:50:03 AM PST by jughandle
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To: Vince Ferrer
Yeah, I get a little schadenfreude in the morning sometimes.

"SOLIDARITY....SOLIDARI.....wait, Hostess did what this morning?"

29 posted on 11/16/2012 4:50:48 AM PST by RabidBartender (If pigs could vote, they'd vote for the guy holding the slop bucket.)
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To: RabidBartender
Twinkie the Kid, gut-shot by the local bakers' union and left alongside the road to die.

He'll have his revenge, though... and right soon. Too bad the union bosses won't feel his wrath.

30 posted on 11/16/2012 4:51:25 AM PST by Charles Martel (Endeavor to persevere...)
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To: RabidBartender
My understanding is that 5,000 of the 18,000 employees are members of this bakers' union. The Teamsters -- who ratified the new labor agreement -- also represent a number of other employees, but I'm not sure of the exact number.

Lessons learned here, folks: (1) don't ever vote to allow a union to represent you, and (2) if you work for a company with a lot of union members in critical positions, look for a job elsewhere.

I'm not even suggesting that unions are all bad here, but there's no getting around the fact that a worker loses a lot of control over his/her future when a union is involved -- even if they don't belong to the union.

31 posted on 11/16/2012 4:51:50 AM PST by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
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To: RabidBartender

"At least I got a snazzy little orange vest out of this!"

32 posted on 11/16/2012 4:54:44 AM PST by RabidBartender (If pigs could vote, they'd vote for the guy holding the slop bucket.)
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To: NewsJunqui

better than some Chinese bakery making twinkies out of reprocessed human hair and dog fat


33 posted on 11/16/2012 4:55:10 AM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: Smokin' Joe

Most of their employees work in plants...you just can’t move a facility to a nkn work state....they have 20 plus bakery plants across the country


34 posted on 11/16/2012 4:55:54 AM PST by Popman
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To: RabidBartender

I hope these losers are getting all kinds of warm fuzzies from their perverted camaradarie now. It’s gonna be a long, cold winter and faux warm fuzzies is all they’ll have. How stupid are they — in this economy? Their union bosses are pointing and laughing at them. They don’t see the strikers as people, but tools (in every sense of the word) to further their commie cause and inflate the bosses’ bank accounts. Pathetic.


35 posted on 11/16/2012 4:56:08 AM PST by MayflowerMadam
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To: RabidBartender

guess that twinkie in Wall-E was REALLY old!!


36 posted on 11/16/2012 4:57:00 AM PST by MomwithHope (Buy and read Ameritopia by Mark Levin!)
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To: RabidBartender

You peel off the coconut layer and eat the little cake first.

Thanks to the union, an entire new generation of stoners
will not be able to do this.

37 posted on 11/16/2012 4:57:03 AM PST by greedo
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To: OrioleFan
I saw a crawler on FOX or CNBC this morning where some union nutjub said the employees would be better off on unemployment.

That's a popular conclusion. It is short sighted, but popular.
38 posted on 11/16/2012 4:57:12 AM PST by AD from SpringBay (We deserve the government we allow.)
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To: RabidBartender
Tallahassee: [discovers Hostess truck filled with Sno-Balls] Sno-Balls? Sno-Balls? SNO-BALLS? Where's the @#$%ing Twinkies -- ?!?

Columbus: I love Sno-Balls.

Tallahassee: I hate coconut. Not the taste, consistency.

Columbus: [eats a Sno-Ball] Fresh.

Tallahassee: [grimly] Oh, this Twinkie thing. It ain't over yet.

-- Zombieland (2009)

39 posted on 11/16/2012 4:57:52 AM PST by KentTrappedInLiberalSeattle ("If you're not fiscally AND socially conservative, you're not conservative!" - Jim Robinson, 9-1-10)
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To: Charles Martel

Last night, I was at the store. Just out of curiosity, I went to thr bakery aisle. All the Twinkies...GONE. I guess people figured “Never gonna see ‘em again, might as well get my last box”.

Heck...even Zingers are going away (even though I remember them as Dolly Madison but Hostess bought up DM years ago).


40 posted on 11/16/2012 4:58:02 AM PST by hoagy62 ("Tyranny, like hell, is not easily conquered..."-Thomas Paine. 1776)
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To: RabidBartender

If you remember the early 80’s Delta Airlines shut down becasue of union demands....


41 posted on 11/16/2012 4:58:52 AM PST by rxtn41
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To: Popman
you just can’t move a facility to a nkn work state....they have 20 plus bakery plants across the country

Actually, I know some people who make their living doing just that--'boxing up' manufacturing facilities and shipping them to the buyers--or to the boat taking them overseas. They have been busy for most of the last 30 years.

42 posted on 11/16/2012 4:59:46 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: greedo

I always liked those spongy pink thingies. Will see if our grocery store has any left today — and Twinkies. Stock up for the apocalypse. Aren’t these things supposed to stay good for thousands of years — like cockroaches?


43 posted on 11/16/2012 5:03:28 AM PST by MayflowerMadam
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To: hoagy62

Sure glad Little Debbies isn’t going out of business. I love those Christmas Tree Cakes.


44 posted on 11/16/2012 5:03:41 AM PST by mware (By all that you hold dear on this good earth, I bid you stand, Men of the West)
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To: RabidBartender

Betcha they’re proud of themselves now, huh?


45 posted on 11/16/2012 5:03:54 AM PST by ducttape45
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"I could use a Twinkie."
46 posted on 11/16/2012 5:06:44 AM PST by RandallFlagg ("Liberalism is about as progressive as CANCER" -Alfonzo Rachel)
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To: MomwithHope
guess that twinkie in Wall-E was REALLY old!!

I'm sure the Twinkie will resurface elsewhere, its unique, uhh, *recipe* sold off as an asset through the bankruptcy proceedings. I hope the team that designed that product did a good job of archiving its development details... seems like that could be a valuable reference for the emergency / survival foods business.

47 posted on 11/16/2012 5:06:57 AM PST by Charles Martel (Endeavor to persevere...)
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To: RandallFlagg

See #39. “Great minds”... ;)


48 posted on 11/16/2012 5:07:41 AM PST by KentTrappedInLiberalSeattle ("If you're not fiscally AND socially conservative, you're not conservative!" - Jim Robinson, 9-1-10)
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To: MayflowerMadam
Aren’t these things supposed to stay good for thousands of years — like cockroaches?

So they say.


49 posted on 11/16/2012 5:11:03 AM PST by Charles Martel (Endeavor to persevere...)
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To: Charles Martel

Cute and funny! Not much has been able to make me laugh since 11/6.


50 posted on 11/16/2012 5:13:14 AM PST by MayflowerMadam
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