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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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To: RabidBartender

I used to do work for this union. The day we signed our contract with them, they assured me that my little company would do excellent work for them. Because, otherwise, large men with baseball bats would show up at our doors to persuade us to do better.

Scum.


51 posted on 11/16/2012 5:14:10 AM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: hoagy62

Dammit, I’d forgotten that they owned Dolly Madison too.


52 posted on 11/16/2012 5:14:44 AM PST by Charles Martel (Endeavor to persevere...)
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To: RabidBartender

hahahahahaha.... way to go, union turds. No cake for you!

Cue music...
Look for the union label,
when you are hungry but have no job.
Remember somewhere, your union leader,
is rich and fat, and he don’t care.
So stop complaining, and blame yourself,
while you beg Massa Obama to pay your WAY!


53 posted on 11/16/2012 5:18:03 AM PST by Lee'sGhost (Johnny Rico picked the wrong girl!)
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To: RabidBartender

54 posted on 11/16/2012 5:20:40 AM PST by KeyLargo
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To: MayflowerMadam
Not much has been able to make me laugh since 11/6.

Tell me about it. I do derive some grim satisfaction, though, from seeing a union's bluff get called.

55 posted on 11/16/2012 5:22:58 AM PST by Charles Martel (Endeavor to persevere...)
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To: Charles Martel
Due to my intense and abiding interest in trying to copy confections without using wheat, barley or rye products, I encountered TWINKY STUFF ~ first, using the very finest grind of white corn flour short of being labeled 'corn starch', mix in about 1/4 as much tapioca, a full tea-spoon of baking powder for every full cup of mix, bunch of olive oil ~ now that's going to vary by the quality/characteristic of the oil ~ and some acidophilous or lactose free milk.

Some vanilla ~ extract in alcohol preferably ~ and, for non diabetics, you can put in sugar ~ and i have no idea how much of that you need.

You can bake this like any cake, or in a pan, or one of those little electric cookie/cake baker things ~ $20 at jc penney.

it should end up the same color, taste and texture. if your mix has a corn taste to it what you need to do is sprinkle some crushed red pepper into the mix ~ it'll kill the corn taste!

Then, the cream mix ~ that's something i haven't quite matched but i prefer light cream cheese here ~ and i make them like little pancakes.

Years ago we made lebenteengazillion d'oro yaki's for a Japanese folk festival ~ basically a Portuguese style small pancake filled with sweet rice and red bean mixture ~ but in the end little different than a Twinkie ~ there are several recipes for these things so you might be able to try them all to see what comes up with the best taste ~ for you!

We spent hundreds of hours getting the sweet rice and red bean mix right ~ you must first boil the beans, but most of the rest of the process can be handled well in any microwave.

56 posted on 11/16/2012 5:23:20 AM PST by muawiyah
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To: silverleaf
Surely someone will buy the Twinkie brand, maybe a Canadian bakery

Metric Twinkie! How cool for a band name is that?
57 posted on 11/16/2012 5:23:59 AM PST by freebird5850 (The only good thing about Barry getting re-elected is now we get to see him fall from a higher place)
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To: a real Sheila

Don’t need them in mining either...many, many, mines in the US and Canada are non-union.
I’m working on a huge mine project in Canada and the project is non-union...lots of card-carrying union workers, but not recognized at this project.


58 posted on 11/16/2012 5:24:38 AM PST by Cuttnhorse
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To: RabidBartender

In the union world, that’s called STICKING IT TO THE MAN !!!

I’m sure they’re all very proud of themselves now, and the union-apologists on this site are PROUD of them to.


59 posted on 11/16/2012 5:26:39 AM PST by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: rxtn41

Eastern Airlines too. A&P left PA because of union strikes.


60 posted on 11/16/2012 5:27:46 AM PST by MestaMachine (TREASON!!!!)
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To: RabidBartender

Hey Jerks save your signs to burn for heat,


61 posted on 11/16/2012 5:28:29 AM PST by bikerman (How will Democrats stand up to terrorism when they can’t even face Fox News?”)
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To: RabidBartender

Hostess trademarks and recipes will get sold to a foreign company.

Obamacare is the bigger tipping point from here on. Get ready for many years of the effects of wealth flowing out of this country.


62 posted on 11/16/2012 5:29:32 AM PST by ReaganGeneration2
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To: freebird5850
Hostess going out of business; nearly 18,000 to be laid off

Boy that is going to put a dent in the jobless numbers.

63 posted on 11/16/2012 5:30:26 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: Alberta's Child

“I’m not even suggesting that unions are all bad here...”

We’ll do that for you. They have NOTHING to offer these days but suffering for the working man. In the long-ago past, yes, they were needed. Now all those reasons are gone with safety and workplace health laws, along with the threat of lawsuits and criminal prosecution when “the man” abuses his ‘oppressed’ workers.


64 posted on 11/16/2012 5:30:43 AM PST by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: Alberta's Child
I'm not even suggesting that unions are all bad here

I am.

Unions are enemies of America.

65 posted on 11/16/2012 5:35:39 AM PST by Lazamataz (Abandon all hope,.)
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To: ReaganGeneration2

-——Hostess trademarks and recipes will get sold to a foreign company.-——

I would argue that the asset buyer is already known. The productive and desirable assets will be utilized in a new company in say Texas where there will be no union.

The subsequent growth can take place in right to work states free of union shackles.

Obama/Holder have no power in Texas


66 posted on 11/16/2012 5:35:52 AM PST by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: BobL
The Teamster's union told these idiots that they'd had their financial experts go over the company's books and this business about shutting down and liquidating was NOT just a bargaining ploy.

So, you have a union whose leadership is so stupid they can't understand that the company is broke, yet other unions know it's broke.

Sounds more like a stupidity thing than unionism per se.

67 posted on 11/16/2012 5:37:58 AM PST by muawiyah
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To: RabidBartender

What kind of union boss fool tells the members/workers to strike in this economy?


68 posted on 11/16/2012 5:38:11 AM PST by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
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To: muawiyah

“Sounds more like a stupidity thing than unionism per se.”

Let’s put it another way. If there was no union, there would have been no strike, and 18,000 people (probably more, if no union) would still have a job today.

NOTHING good comes of unions, whether it’s stupidity or outright evil. In this case, it may have been some of both.


69 posted on 11/16/2012 5:40:38 AM PST by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: bert
The product line necessarily changes ~ shelf life dictates where the plants can be located to serve the various markets.

I suspect the short shelf-life stuff will be discarded immediately and all non RTW state sites will be sold off totally and shipped off.

70 posted on 11/16/2012 5:41:02 AM PST by muawiyah
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To: Popman

Why not. Move the machines and leave the shell.


71 posted on 11/16/2012 5:42:00 AM PST by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: BobL
You are forgetting that there's a management team behind this company's activities ~ and union or not they'd be going out of business anyway ~ because they, too, like the baker's union folks, are stupid.

Basically the 1950's model baked goods producers and marketers are all going under ~ unless they change.

72 posted on 11/16/2012 5:43:52 AM PST by muawiyah
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To: muawiyah

For a while, the Yankees, and that includes Ding Dong loving Neil Cavuto, will lead deprived lives.

There will be no Twinkees or Ding Dongs for a while in Yankeeland


73 posted on 11/16/2012 5:46:51 AM PST by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: muawiyah

“You are forgetting that there’s a management team behind this company’s activities ~ and union or not they’d be going out of business anyway...”

I don’t think ANYONE can do what-ifs in these types of cases. We have plenty of poorly managed companies here in Texas, but they a HUGE BOOST by having a flexible, non-angry, workforce, that wants them to succeed - rather than wanting to stick it to them.

But even if you’re right, these workers will have still kept their jobs for a while, maybe long enough to outlast Obama. But the UNION prevented any of that.


74 posted on 11/16/2012 5:47:51 AM PST by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: silverleaf
-- Nan Pelosi and Hary Reid claim that unemployment benefits are stimulative, so I guess this is further good news for the obamanomic recovery --

It's also good for reduction in carbon emissions and demand for petrochemicals.

75 posted on 11/16/2012 5:51:23 AM PST by Cboldt
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To: AD from SpringBay

If this keeps up, Nancy, Harry, and Barry are going to find out there is no money for unemployment to create jobs (i.e. who do you tax when no one works).


76 posted on 11/16/2012 5:53:22 AM PST by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: RabidBartender

Unions: always there to kill jobs and destroy companies.


77 posted on 11/16/2012 5:54:42 AM PST by windsorknot
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“This website is intended to provide answers to many of the most common questions related to the Wind Down of Hostess Brands.”

http://hostessbrands.info/


78 posted on 11/16/2012 5:56:09 AM PST by deks ("...the battle of our time is...liberty against the overreach of the federal government" Cuccinelli)
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To: muawiyah

...and if it was really a misunderstanding, I have NO DOUBT that the union will show up in bankruptcy court and agree to the terms of Hostess, thereby preventing liquidation.

No doubt. After all, they certainly can’t be happy with the outcome (so far).


79 posted on 11/16/2012 5:56:22 AM PST by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: RabidBartender

This is the only message the unions understand. Let them draw unemployment until the treasury runs dry. Perhaps, then, they will learn what the rest of already know.


80 posted on 11/16/2012 6:06:37 AM PST by billhilly
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To: RabidBartender

People are such fools. And the Union Leaders smile all the way to the bank. They have all these folks’ money.


81 posted on 11/16/2012 6:08:44 AM PST by Sacajaweau
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To: BobL

“They have NOTHING to offer these days but suffering for the working man.”

And election victories for leftist politicians.


82 posted on 11/16/2012 6:12:09 AM PST by BlatherNaut
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To: Smokin' Joe

You can’t have one centralized bakery to serve the whole country, Hostess is a national brand.


83 posted on 11/16/2012 6:23:21 AM PST by RipSawyer
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To: Popman

“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.”

Oh yes you can. The industry that does just that is quite large and the move is very quick. They use big machinery and big transportation to accomplish it.

Most of their plants could be emptied in two weeks.


84 posted on 11/16/2012 6:29:06 AM PST by buffaloguy
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To: muawiyah

“Then, the cream mix ~ that’s something i haven’t quite matched but i prefer light cream cheese here ~ and i make them like little pancakes.”

Cool Whip.


85 posted on 11/16/2012 6:35:25 AM PST by EQAndyBuzz (George W. Bush is the Emmanuel Goldsten of the modern era.)
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To: Triple

“What kind of union boss fool tells the members/workers to strike in this economy?”

One who regularly speaks at CPUSA gatherings.


86 posted on 11/16/2012 6:38:52 AM PST by EQAndyBuzz (George W. Bush is the Emmanuel Goldsten of the modern era.)
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To: EQAndyBuzz

Oh, I guess that nails it.


87 posted on 11/16/2012 6:40:47 AM PST by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
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To: RipSawyer

Hostess had 20 bakeries. Nabisco had 8. Everyone had access to an Oreo.

Speaking of which, in the 90’s I worked for a large producer of cookies. At one of the plants, there was a cafeteria. It had around 20 unionized employees working there.

Well, management went to the union to give up an employee so they can put him on the line. The cafeteria was already over it’s limit. The union said no. Management asked again. The union said no, again. Management asked one final time. The union, once again said no. So Friday passes, Saturday, Sunday....

On Monday, people go to work and notice something odd. There are vending machines where the cafeteria once was and layoff notices for 20 people. The union goes ballistic.

Eventually the union gives in and says they will give up a person to work on the line. Management says no.

20 people fired because the union wouldn’t let one union employee go to another department which by the way was union.


88 posted on 11/16/2012 6:47:27 AM PST by EQAndyBuzz (George W. Bush is the Emmanuel Goldsten of the modern era.)
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To: RabidBartender

"Dagny, what *was* this place?"
"They said it manufactured things called 'Twinkies'. Very popular product, until unions made it go out of business."


89 posted on 11/16/2012 6:51:52 AM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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To: RipSawyer
Understood. There are quite a few right to work states. Twenty bakeries? Relocate some, sell off others, keep the brands, and go back into business and rebuild.

In another age it would be possible, now with all the rules, probably not.

90 posted on 11/16/2012 7:13:50 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
From the bread line to the bread line. You broke it you bought it Union goons.


91 posted on 11/16/2012 7:45:34 AM PST by 444Flyer
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To: AD from SpringBay

Problem is the union won’t get its dues off of laid off workers. Lets see how that works out for them.


92 posted on 11/16/2012 7:52:39 AM PST by linn37 (Newt supporter here.)
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To: mware
Hostess going out of business; nearly 18,000 to be laid off

Boy that is going to put a dent in the jobless numbers.

That darned hurricane Sandy sure's been working overtime./S!

93 posted on 11/16/2012 7:53:07 AM PST by 444Flyer
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To: RabidBartender
Here, I've updated their signs for them...

Idiots.


94 posted on 11/16/2012 8:01:17 AM PST by SparkyBass
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To: RabidBartender
There is a nice fall back position here!


95 posted on 11/16/2012 8:10:19 AM PST by Ruy Dias de Bivar (The parasites now outnumber the producers.)
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To: RabidBartender

Well, at least they don’t have to go out in the cold and strike any more!


96 posted on 11/16/2012 8:25:54 AM PST by US_MilitaryRules (Unnngh! To many PDS people!)
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To: BobL

I am right ~ this company is in its second round of banruptcy. Time for liquidation.


97 posted on 11/16/2012 11:49:32 AM PST by muawiyah
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To: BobL
The cooked wheat business has taken on a new form ~ it's mostly highly mechanized, even automated!

Clever engineers figured out how to make small modular bakeries that can be stuffed into neighborhood grocery stores, or other stores, and then operated by unskilled labor.

The days of the bakers union have come and gone ~ the big bread manufacturing factories are done.

98 posted on 11/16/2012 11:52:01 AM PST by muawiyah
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To: muawiyah

Perhaps if they didn’t have union rules and union contracts, they would have automated.

You won’t get far defending unions on this site.


99 posted on 11/16/2012 12:09:39 PM PST by BobL (You can live each day only once. You can waste a few, but don't waste too many.)
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To: BobL
I can actually get quite a long way on this site demanding the right to carry my concealed weapon safely on my person into any business that wants to sell me something or buy something from me ~ like my labor.

And with that you don't need a union.

A requirement that everybody, not just hollywood stars and athletes, be required to sign contracts with anyone else before accepting payment for labor would eliminate all those needs.

Unions in this country started up as an outgrowth of the old guild system ~ which protected skilled labor markets, and the fact your ordinary person really couldn't afford a lawyer, nor even to go to court in a civil suit.

Cooperative action is an ancient custom dating back to the times we had to hunt mastadons or giraffes, or defend ourselves from cavebears and lions ~ kind of predates government in fact. Just because you have government now is no excuse for prohibiting people from cooperating in activities ~ first amendment stuff.

Is there some reason the first amendment is now out of favor on FR? I don't think so ~

100 posted on 11/16/2012 12:36:27 PM PST by muawiyah
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