Twinkies maker Hostess wins court OK to close

Comments (11)
BBoy705 wrote:

“…and faces up to about $150 million of administrative claims.” Read payments to the vulture capitalists.

Nov 21, 2012 4:08pm EST  --  Report as abuse
BBoy705 wrote:

“…and faces up to about $150 million of administrative claims.” Read payments to the vulture capitalists.

Nov 21, 2012 4:08pm EST  --  Report as abuse
ccharles wrote:

Have the Union buy up some of the names and put there people back to work… we know that isnt going to happen. Neither is another employer going to allow a disruptive force as the one that destroyed Hostess inside there business. Just common sense!

Nov 21, 2012 4:47pm EST  --  Report as abuse
Regulator623 wrote:

BBoy the $150 million of adminstrative claims will mostly be lawyer fees for liquidating the company. The union folks really showed them who the boss was this time around, all the way to the unemployment line. I bet the Hostess brand will continue, but under a competitive non-union bakery.

Nov 21, 2012 5:18pm EST  --  Report as abuse

Another union success story. They killed twinkies.

Nicely done!

Nov 21, 2012 5:25pm EST  --  Report as abuse
fromthecenter wrote:

Don’t you get the feeling that this ceo – who has spent a lifetime benefiting from bankrupting companies made a deal with the union bosses? In the end, it’s the workers who suffer.

Nov 21, 2012 6:17pm EST  --  Report as abuse
ToTuffforYou wrote:

Nice little spin by the Hostess Corporation to spin this as being a union problem. Any analyst will tell you that this was a problem of leadership. The vultures that bought Hostess will now sell off the valuable pieces of Hostess and make millions, meanwhile 18,700 people are out on the street. Hostess thinks they had been more than generous in offering an 8% cut in wages with an unspecified cut to health benefits as well, because as we all know workers should just shut up and be glad that they have jobs. Corporate leadership was able to make the Union out to be the scapegoat, and Americans buy it, because the Corporations are always right. Anyway they want to make money is okay by us. Americans used to believe in working hard and eventually gaining a retirement. Now many seem to believe that is a handout to a bunch of moochers. Medicare; mooching. Social Security; mooching. Medicaid; mooching. Meanwhile the Walton family (eg. six people) own more wealth than the bottom 40% of this country, and they seem mostly just to use this vast sum of money to sit on their collective rears and not do much (eg. dabbling in sports teams, owning a ballet company, donating to a zoo for the cute animals). Meanwhile that bottom 40% is working their rears off with no hope of retirement, just so they can be told that they should be glad that they have a job.

Nov 21, 2012 6:54pm EST  --  Report as abuse
klompendanser wrote:

Hurray!!! The union won by putting its foot down and sending 15,000 people into the unemployment line.

Nov 21, 2012 7:48pm EST  --  Report as abuse
klompendanser wrote:

Hurray!!! The union won by putting its foot down and sending 15,000 people into the unemployment line.

Nov 21, 2012 7:48pm EST  --  Report as abuse
bobber1956 wrote:

It does not matter who spins what, bottom line-”15,000 workers will lose their jobs immediately. Most of the remaining 3,200 will no longer be employed after about four months”

That makes over 18 thousand more entitled obama voters that had jobs but now don’t. That many lost dues and taxes. Wonderfull team this unions/aclu/naacp/obama thing. Are you lib dems having fun yet. Keep it up you idiots.

Nov 21, 2012 8:14pm EST  --  Report as abuse
stevemc wrote:

Had the Executive members shared the pain, instead of awarding themselves higher salaries, who knows that the Baker’s Union wouldn’t have been more amenable to following suit?

Nov 21, 2012 9:35pm EST  --  Report as abuse
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