|11-16-2012, 11:55 AM||#1|
Join Date: Jan 2008
Quoted: 27 Post(s)Rep Power: 43
Total Points: 124,354,346,162,642.59
RIP The Twinkie (1930-2012)
NEW YORK (CNNMoney) -- Hostess Brands -- the maker of such iconic baked goods as Twinkies, Devil Dogs and Wonder Bread -- announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them.
The closing will result in Hostess' nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide, as well as 570 outlet stores. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union represents around 5,000 Hostess employees.
"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said CEO Gregory Rayburn in a statement.
|11-16-2012, 12:00 PM||#3|
Join Date: Dec 2005
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|11-16-2012, 12:40 PM||#5|
Lords of Boxingscene
Join Date: Mar 2012
Location: Meet me at Vito's with Noodles
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I've never liked Twinkies War RingDings!!!
|11-16-2012, 12:47 PM||#6|
Join Date: May 2009
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Total Points: 347,654,924,115.32
That's a stupid Union, their union thuggery backfired on them. They were offered a fair deal, 25% stake in the company with 2 board members for pension and health benefits cuts. Then a 5 year contract with 8% pay cut in the 1 st year, a 3% increase in the next 3 years, and 1% increase in the final year. They should have known better since the company is already in Chapter 11 reorganization. Now, they are out of a job with the pending Liquidation, chapter 7.
|11-16-2012, 12:55 PM||#7|
Join Date: Oct 2005
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Total Points: 1,589,358,670,693,055.25
Twinkies were only good when you were high as a kite ... other than that terrible.
Still sad to see a legend in pastries pass the torch. As long as Krispy Kreams is still around to satisfy the munchies ... I'm good.
|11-16-2012, 01:28 PM||#8|
master chief = homo
Join Date: Feb 2009
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Total Points: 1,321,155,864,281.98
I am pretty sure that Hostess in Canada is a separate operational entity. Anybody who wants twinkies, pm me. I'll hook you up. It'll cost a little more but you know how you motherphuckers love your twinkies.
|11-16-2012, 01:30 PM||#10|
That Admin Money
Join Date: Apr 2007
Location: Erie, PA
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Call me crazy, but it actually sounds like a strategy against the workers on strike.
Either sign a deal, or the jobs gone.
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