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Twinkie Maker Hostess to Close
WSJ ^ | November 16, 2012, | RACHEL FEINTZEIG

Posted on 11/16/2012 8:17:04 AM PST by radar101

Hostess Brands is seeking to liquidate. Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and firing about 18,000 workers as it seeks to liquidate the 82-year-old business.

The company, which filed for Chapter 11 in January, said it has requested bankruptcy-court authorization to close the business and sell its assets.

A victim of changing consumer tastes, high commodity costs and, most importantly, strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union.

The work stoppage, launched Nov. 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers Union to protest a fresh labor contract, affected about two-thirds of Hostess's 36 plants. The striking workers, which number in the thousands Hostess said in court filings on Friday, were making it impossible for the Irving, Tex., company to continue producing its baked goods, Chief Executive Gregory Rayburn said.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: classwarfare; hostess; obamanomics; twinkies; union; uniongreed; unions
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Reminds me of a song by Bobby Bare--"The Winner" SO, the Union WINS. They sought by extortion to make Hostess pay more than they could afford. And Union people wonder why companies relocate to Mexico, Vietnam, Brazil, and so on
1 posted on 11/16/2012 8:17:07 AM PST by radar101
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To: radar101

And what says the MSM during all of this?

(sound of crickets)


2 posted on 11/16/2012 8:19:45 AM PST by Safrguns
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To: radar101
HOORAY, WE WON!, Ummmm, wait..."


3 posted on 11/16/2012 8:20:06 AM PST by SparkyBass
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To: radar101

:: Hostess ultimately was brought to its knees by a national strike ::

WSJ (indignantly): “What do you mean we are biased toward unions?”


4 posted on 11/16/2012 8:22:16 AM PST by Cletus.D.Yokel (Bread and Circuses; Everyone to the Coliseum!)
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To: Safrguns

How long before Obama gets involved ?


5 posted on 11/16/2012 8:23:16 AM PST by molson209
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To: radar101

Yup, the union winds....and the union members who has jobs are now unemployed....gotta love the employees greed....


6 posted on 11/16/2012 8:23:46 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: radar101

"...you took my TWINKIEEEEESS"

7 posted on 11/16/2012 8:25:10 AM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: radar101

“Union Man” by The Cate Brothers

Well, it’s six a.m.
I’m out on the job
Working like a fool
For my pay

A big man walks by
With a smile
Says you got to go
On strike today

Hey, hey, Mr. union man
How am I gonna pay my dues
Or the landlord or the doctor
How am I getting new shoes

Well, I know I need
To help to get that raise
There’s one thing I don’t like

Tell me how can I
Feed my hungry family
I you say I’m going on strike
[ Lyrics from: http://www.lyricsmode.com/lyrics/c/cate_brothers/union_man.html ]
Hey, hey, Mr. union man
How am I gonna pay my dues
Owe more money than I can pay
Looks like I’m bound to lose

Well, I don’t see how
I’m going to get ahead
Seem like there ain’t no way

Well, said don’t worry
Cause I understand
Won’t you try to
See things my way

Hey, hey, Mr. union man
Thank you for the helping hand
Hey, hey, Mr. union man
So glad you understand

http://www.youtube.com/watch?v=eWgxoWTjtuc


8 posted on 11/16/2012 8:26:54 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: radar101
Chief Executive Gregory Rayburn

I 'wonder' if he is a relative of Sam Rayburn, Democrat, longtime Speaker of the US House of Representatives who was also from Texas?................

9 posted on 11/16/2012 8:27:20 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: SparkyBass

Obamanomics:better to take a 100% pay cut than an 8% pay cut


10 posted on 11/16/2012 8:27:30 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: illiac
and the union members who has jobs are now unemployed....

Unemployed and eligible for 99+ weeks of unemployment checks.

11 posted on 11/16/2012 8:28:58 AM PST by be-baw (still seeking)
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To: SparkyBass

Morons! You killed your golden goose, or at least you followed your union lead to kill it. Nice job you idiots and now you have no jobs. Is the union going to make up for those lost wages each week? Is the union going to buy you all Christmas? Good luck with that.


12 posted on 11/16/2012 8:34:21 AM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: radar101

And now we can’t even depend on Twinkies during the Zombie Apocalypse. ;(


13 posted on 11/16/2012 8:35:53 AM PST by sheana
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To: be-baw

Absolutely right. Without a government check to look forward to they might have actually thought a job was a good thing to hold on to.


14 posted on 11/16/2012 8:36:28 AM PST by all the best (`~!)
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To: radar101

Reminds me of when BAMA Pie quit making their small cookie sized pies years ago. There was shock among the working men that they could not get a pecan pie from the machine anymore.

Wonder if LITTLE DEBBIE’s directors are meeting on how to take over the HOSTESS market niche.


15 posted on 11/16/2012 8:36:28 AM PST by Ruy Dias de Bivar (The parasites now outnumber the producers.)
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To: radar101

I, for one, am hoping Little Debbie digs deep and becomes Big Debbie.


16 posted on 11/16/2012 8:38:16 AM PST by Hessian (Time flies like an arrow, fruit flies like a banana.)
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To: radar101

What horrible timing, two states vote to legalize marijuana and they throw in the towel now?


17 posted on 11/16/2012 8:38:25 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: TurboZamboni

hey BO...you own this!!


18 posted on 11/16/2012 8:38:52 AM PST by itsLUCKY2B (?Borders, Language, and Culture.?)
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To: radar101
Arghh!! They got me...


19 posted on 11/16/2012 8:41:08 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: Ruy Dias de Bivar

Little Debbie is probably already in negotiations this morning to acquire the Hostess name and trademarks then move production to right-to-work states, pay a decent wage and get back to making a killing.

On the other hand I bet Moochele has a smile on her face and is skipping around the WH today...


20 posted on 11/16/2012 8:42:01 AM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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