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Union Wins! Hostess Out of Business
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<blockquote data-quote="Babagounj" data-source="post: 1056230" data-attributes="member: 12952"><p>Hostess Brands, the company better known as the maker of Butternut, Ding Dongs, Dolly Madison, Drake’s, Home Pride, Ho Hos, Hostess, Merita, Nature’s Pride, and of course Wonder Bread and Twinkies .</p><p></p><p>[h=1]Teamsters Cross Picket Line, Fail to Save Twinkie[/h]</p><p>[h=2]Teamsters union ignored a strike by a fellow union and crossed the picket-line in a bid to save the company. The Teamsters, not exactly a shrinking violet, got a look at the company's books and realized the dire financial situation Hostess was in. They even implored the Bakers' Union, which called a strike, to accept wage concessions and get back to work. Alas, they didn't, and now <a href="http://www.nbcdfw.com/news/national-international/NATL-Twinkies-Maker-Hostess-Going-Out-of-Business-179643161.html" target="_blank">the company faces liquidation</a>. The Bakers' Union ultimately accomplished what mere physics couldn't; they pushed the Twinkie past its sell-by date.[/h] Hostess said its wind down would mean the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores in the United States.</p><p> The Bakers' Union only represented around 30% of the company's total workforce. All other workers had already accepted wage concessions and changes to the company's work-rules. 70% of the workforce accepted pay cuts of around 4% over five years. Given the general state of the economy, that seems very modest and would have allowed the company to continue operating. But, the Bakers' Union instead went on strike, without even offering counter-demands. As a result, they have forced 100% pay cuts on all employees. </p><p></p><p>? Who will save this company ? Who should ? bhos or Bain ?</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1056230, member: 12952"] Hostess Brands, the company better known as the maker of Butternut, Ding Dongs, Dolly Madison, Drake’s, Home Pride, Ho Hos, Hostess, Merita, Nature’s Pride, and of course Wonder Bread and Twinkies . [h=1]Teamsters Cross Picket Line, Fail to Save Twinkie[/h] [h=2]Teamsters union ignored a strike by a fellow union and crossed the picket-line in a bid to save the company. The Teamsters, not exactly a shrinking violet, got a look at the company's books and realized the dire financial situation Hostess was in. They even implored the Bakers' Union, which called a strike, to accept wage concessions and get back to work. Alas, they didn't, and now [URL="http://www.nbcdfw.com/news/national-international/NATL-Twinkies-Maker-Hostess-Going-Out-of-Business-179643161.html"]the company faces liquidation[/URL]. The Bakers' Union ultimately accomplished what mere physics couldn't; they pushed the Twinkie past its sell-by date.[/h] Hostess said its wind down would mean the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores in the United States. The Bakers' Union only represented around 30% of the company's total workforce. All other workers had already accepted wage concessions and changes to the company's work-rules. 70% of the workforce accepted pay cuts of around 4% over five years. Given the general state of the economy, that seems very modest and would have allowed the company to continue operating. But, the Bakers' Union instead went on strike, without even offering counter-demands. As a result, they have forced 100% pay cuts on all employees. ? Who will save this company ? Who should ? bhos or Bain ? [/QUOTE]
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