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Hostess Reopening Plants, Without Union Workers
ABC ^ | 4/26/2013

Posted on 04/26/2013 5:55:33 PM PDT by markomalley

The bankrupt assets of Hostess Brands, Inc., the company responsible for Twinkies, Ho Ho's, Sno Balls and Ding Dongs, are being put back to work by a buyout firm. What's not being put back to work are the former Hostess unionized employees.

The unionized workers had been on strike when the company folded late last year.

The company had imposed a contract that would cut its 19,000 workers' wages — 15,000 of whom belonged to the workers from the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union (BCTGM) — by 8 percent. (The Teamsters was Hostess' largest union, followed by BCTGM.) The contract would have also cut benefits by 27 to 32 percent.

Hostess filed for Chapter 11 in January 2012. In November 2012, the company announced it would be shutting its doors for good. By that time, it had lost about $1.1 billion, largely due to bankruptcy filings.

But last month Apollo Global Management, LLC, and Metropoulos & Co., which owns Pabst Blue Ribbon and Vlasic pickles, bought the 83-year-old company for $410 million, renaming it Hostess Brands LLC. It is planning to re-open four bakeries over the next two and a half months, in Columbus, Ga.; Emporia, Kan.; Schiller Park, Ill.; and Indianapolis. It is also contemplating a fifth in Los Angeles.

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


TOPICS: Business/Economy; Extended News
KEYWORDS: hostess; twinkies; unions
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1 posted on 04/26/2013 5:55:33 PM PDT by markomalley
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To: markomalley

Painful! Teach that writer some basic grammar. Yuk!


2 posted on 04/26/2013 5:57:07 PM PDT by jimfree (In November 2016 my 12 y/o granddaughter will have more quality exec experience than Barack Obama)
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To: markomalley
What's not being put back to work are the former Hostess unionized employees.


3 posted on 04/26/2013 5:59:02 PM PDT by Lancey Howard
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To: markomalley
Pabst
Pickles
Twinkies

bon apetit, campers

4 posted on 04/26/2013 6:00:03 PM PDT by tomkat (a nation of spoiled children being 'led' by the very ones who coddled their petulance)
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To: markomalley

5 posted on 04/26/2013 6:00:51 PM PDT by 867V309
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To: markomalley

Schiller Park...they’ll have a line 2,000 deep when they start taking applications.


6 posted on 04/26/2013 6:02:10 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: markomalley

Good news. Without a union, they are free to manage their company without the deadweight of parasitic unions. If they treat their new employees fairly, pay them competitively and allow them to fulfill their aspirations, they will be giving them more than a union ever could.


7 posted on 04/26/2013 6:02:28 PM PDT by Dapper 26
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To: markomalley

The union playing hardball during collective bargaining really worked out well, didn’t it?


8 posted on 04/26/2013 6:14:48 PM PDT by Baynative (Lord, keep your arm around my shoulder and your hand over my mouth.)
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To: markomalley

The bakery union got multi billion dollar benefit from the TAA program

Seems like the union thugs got the last laugh..

Read it and weep.....

http://news.investors.com/ibd-editorials/022213-645487-bankrupting-hostess-brings-union-workers-government-benefits.htm


9 posted on 04/26/2013 6:14:56 PM PDT by JZoback
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To: markomalley

They’re going to open a plant in LA?

Couldn’t they find anywhere else in the west with higher taxes and more regulations?


10 posted on 04/26/2013 6:15:06 PM PDT by null and void (Republicans create the tools of oppression and Democrats use them. Gun confiscation enables tyranny.)
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To: markomalley

Schadenfroh.


11 posted on 04/26/2013 6:18:04 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: JZoback

Another link.....

Yup taxpayers are paying these union slugs up to $10,000 a year for two years....

http://www.bctgm.org/2013/02/us-department-of-labor-certifies-more-than-18000-former-hostess-workers-around-the-country-as-eligible-to-apply-for-trade-adjustment-assistance/


12 posted on 04/26/2013 6:18:49 PM PDT by JZoback
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To: markomalley

Union sure showed them!


13 posted on 04/26/2013 6:19:52 PM PDT by Gamecock ("Ultimately, Jesus died to save us from the wrath of God." ¬óR.C. Sproul)
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To: markomalley

Perhaps we are seeing the spark of a new business paradigm. Structured bankruptcy to dislodge parasites like a breaching whale, then reconsolidate operations without the troublemakers.


14 posted on 04/26/2013 6:27:11 PM PDT by SpaceBar
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To: markomalley
This is giving me a giant plate of Schadenfreude...The dumbass union thugs take a hard line against the company, lose their jobs, only to see their brands re-emerge, with a new owner, no unions, and no jobs for them! Brilliant!

(In fairness, I think it was only one union that took it down. The other unions had agreed to concessions.)

15 posted on 04/26/2013 6:31:29 PM PDT by clintonh8r ("Europe was created by history. America was created by a philosophy." Baroness Thatcher)
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To: JZoback
TAA is a lavish program doled out by the Labor Department for laid-off workers who've lost their jobs due to "global trade."

Is that why they lost their jobs? Twinkies went global? Nope.

16 posted on 04/26/2013 6:31:43 PM PDT by presently no screen name
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To: markomalley

MUST...HAVE...HOHOS.....


17 posted on 04/26/2013 6:32:16 PM PDT by Politicalmom (Liberalism. Ideas so great they have to be mandatory.-FReeper Osage Orange)
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To: Politicalmom

Imagine what a union-free ding dong would be like!


18 posted on 04/26/2013 6:37:11 PM PDT by presently no screen name
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To: markomalley

"OK I need ideas, people! Craft me an Executive Order that will prohibit Hostess Brands LLC from opening unless they allow unions!"


19 posted on 04/26/2013 6:37:48 PM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: COBOL2Java
"OK I need ideas, people! Craft me an Executive Order that will prohibit Hostess Brands LLC from opening unless they allow unions!"

I'm sure he is working on that even as we speak.

20 posted on 04/26/2013 6:46:57 PM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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