Hostess Makes Big Bread Deal

$390 Million Reasons A Former Kansas City Is Busted Apart: Hostess Strikes Deal to Sell Wonderbread, Fate of Twinkies Not Yet Settled

Comments

  1. Hang in there T your Twinkies be back on the shelf soon.

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  2. About time. The Roma bread at Arthur Bryant's SUCKS!

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  3. The Union took really good care of their people on this one!!

    They left them with NOTHING!!!

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  4. Yeah, but we saved BIG BIRD.

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  5. Hostess screws the working man. Plenty of "creme filling" for management and nary a crumb of cake for the production workers.

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  6. 11:47 You should educate yourself. The unions already gave huge concessions, while management continued giving themselves huge bonuses, meanwhile saddling the company with huge debt. Then management asked them to take another, near poverty level cut, and rewarded themselves with some more fat bonuses. This company was Bained right into the fucking ground. The union members were the victims, not the culprits.

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  7. @11:47 AM I know the news media never tells the full story but it seems like to me in the wake of a full-on recession that Union leader would have attempted to save jobs. I mean, where are all those snack cake workers going to find similar jobs. Bascially, an entire workforce will be forced into other careers if thye can find them. Given that there are so many on extended unemployment benefits paid for by the federal government, it just seems wierd that the workers and the owners were't able to reach a deal. Missouri only pays about $2xx/week in unemployment and that's not enough to do anything with. Sorry these people lost their jobs but it seemed totally avoidable.

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  8. The workers had already given huge concessions, and taken pay and benefits cuts. In return, management took huge bonuses and buried the company in unnecessary debt. They never intended to make a realistic attempt to save the company, as they'd get their payday even by running it into the ground and breaking it up (which they successfully did). In your mind, the unions should have allowed management to cut pay to the point of putting people near or below poverty level? So management could drain even more money out of the company while they intentionally dragged it down the drain? And there was no union leader making the decision - it was the popular vote of the workers that decided to turn down the management "offer". They knew it was a bullshit offer so management could cover their asses and blame unions for their greedy behavior.

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