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(Fox Business)   Hostess closes the Chicago bakery that created the Twinkie. The factory had been in business 84 years, or six years short of the recommended Twinkie shelf life   (foxbusiness.com) divider line 35
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556 clicks; posted to Business » on 24 Aug 2014 at 10:39 AM (3 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-08-24 09:13:42 AM
Good.
 
2014-08-24 11:02:14 AM
Donald Woods is president of the Bakery, Confectionery, Tobacco workers and Grain Millers International Union Local 1. He told the Chicago Sun-Times  that workers were shocked by the news the mob was shocked that they wouldn't be getting their usual union payout.

FTFY.
 
2014-08-24 11:27:56 AM
Sad :(
(Grandfather was President of Hostess in the 60s and 70s, I believe)
Fun fact--- Grandpa started as a bread delivery man, worked his way up to head of the company.. company sent him to Harvard for 6 weeks for a fast track business degree, the company thought it would reflect badly if the head of their company had never been to college

And Twinkies do have a shelf life, just like any other pastry... That joke bothered my grandfather to no end..
 
2014-08-24 11:37:55 AM

FormlessOne: Donald Woods is president of the Bakery, Confectionery, Tobacco workers and Grain Millers International Union Local 1. He told the Chicago Sun-Times  that workers were shocked by the news the mob was shocked that they wouldn't be getting their usual union payout.

FTFY.


They shouldn't be. They are the primary cause of the bankruptcy to begin with. No reason their greed should get rewarded.

/please don't lecture me on the golden CEO parachutes. lets stay on topic here.
 
2014-08-24 11:40:06 AM
 TFA:Hostess Brands CEO Bill Toler said the company is closing the plant as it tries to improve efficiency.

Translation: Twinkies will now be made in China or whatever third world nation we can move production to in order to minimize labor costs and government oversight.
 
2014-08-24 11:49:43 AM

Monkeyhouse Zendo: TFA:Hostess Brands CEO Bill Toler said the company is closing the plant as it tries to improve efficiency.

Translation: Twinkies will now be made in China or whatever third world nation we can move production to in order to minimize labor costs and government oversight.


Will they be using lead pans to bake them?
 
2014-08-24 11:51:13 AM

jayphat: They shouldn't be. They are the primary cause of the bankruptcy to begin with. No reason their greed should get rewarded.


You understand that management signed off on those contracts too, right?

Here's a decent article from Forbes discussing the issues Hostess had:  http://www.forbes.com/sites/quora/2012/11/21/did-hostess-go-bankrupt- i n-2012-because-people-no-longer-find-twinkies-appealing/

Some of the challenges had to do with inefficiencies in sourcing health care plans and retirement plans but what everybody seems to forget in their stampede to blame the evil labor unions is that management agreed to these plans because they knew they weren't going to be around when the bill came due. Executive management passed the buck until the buck could not be passed anymore rather than insist on employee contracts and health care plants with better long term viability.
 
2014-08-24 11:52:23 AM

MBrady: Will they be using lead pans to bake them?


I guess that depends on which heavy metal is cheapest.
 
2014-08-24 12:17:05 PM

Monkeyhouse Zendo: jayphat: They shouldn't be. They are the primary cause of the bankruptcy to begin with. No reason their greed should get rewarded.

You understand that management signed off on those contracts too, right?

Here's a decent article from Forbes discussing the issues Hostess had:  http://www.forbes.com/sites/quora/2012/11/21/did-hostess-go-bankrupt- i n-2012-because-people-no-longer-find-twinkies-appealing/

Some of the challenges had to do with inefficiencies in sourcing health care plans and retirement plans but what everybody seems to forget in their stampede to blame the evil labor unions is that management agreed to these plans because they knew they weren't going to be around when the bill came due. Executive management passed the buck until the buck could not be passed anymore rather than insist on employee contracts and health care plants with better long term viability.


It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.
 
2014-08-24 12:42:14 PM

jayphat: It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.


So you do not think a personr has the right to decide what his work is worth?
 
2014-08-24 12:47:09 PM

BigBurrito: jayphat: It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.

So you do not think a personr has the right to decide what his work is worth?


Absolutely. I also you think you need to factor in REALITY into that equation. I think my work is worth about 25% more than I'm paid based on the amount of work I do. That is not feasible for my employer. They are paying me what they can afford. If my employer showed me that this was the max they could pay me, or I could hold my ground and get paid nothing when the job disappeared, well then guess what my option is?

Also, the fact that the smaller percentage of the company did this to the entire workforce really chapped my ass.
 
2014-08-24 12:52:47 PM
Although, since the factory closed in bankruptcy last year, it's not too hard to see the handwriting on the wall - Hostess went bust because they don't sell enough of those tasty yellow treats, do they need to keep every factory open now that they are part of Bimbo?  Of course not.  If it was really due to the union saying no, then shame on them for being dumb.

But at least you will still be able to buy hostess products.  Last year they were gone right?
 
2014-08-24 12:54:37 PM

BigBurrito: jayphat: It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.

So you do not think a personr has the right to decide what his work is worth?


Nope. I'm worth 1000 dollars an hour. Will I get paid that much? Nope.

The decision there is is whether you "decide" to work there or not. You don't like the pay, get a different job. Make your skills more valuable.
 
2014-08-24 12:57:06 PM

jayphat: Absolutely. I also you think you need to factor in REALITY into that equation. I think my work is worth about 25% more than I'm paid based on the amount of work I do. That is not feasible for my employer. They are paying me what they can afford. If my employer showed me that this was the max they could pay me, or I could hold my ground and get paid nothing when the job disappeared, well then guess what my option is?

Also, the fact that the smaller percentage of the company did this to the entire workforce really chapped my ass.


Your options are not limited to just one employer.

The reality of the situation is that a person can decide what their work is worth. You do not get to do that for them.
 
2014-08-24 12:58:44 PM

Spare Me: The decision there is is whether you "decide" to work there or not. You don't like the pay, get a different job. Make your skills more valuable.


Which is exactly what has happened. So what are you complaining about?
 
2014-08-24 01:02:38 PM

BigBurrito: Spare Me: The decision there is is whether you "decide" to work there or not. You don't like the pay, get a different job. Make your skills more valuable.

Which is exactly what has happened. So what are you complaining about?


No complaints here. Well, other than workers think they have the right to name their own pay. When your a rocket surgeon that everyone wants to hire..then you can do that. When thousands of other people can do the job, you don't.
 
2014-08-24 01:16:55 PM

Spare Me: No complaints here. Well, other than workers think they have the right to name their own pay.


Of course I have a right to name my own pay, so do you.

I will not teach for less than 75,000 a year starting pay. It is not worth the headache to me unless I make that much. No one will pay that, therefore I do not teach, but I do have a price, that I have control over, that I will teach at.

I get to decide my worth. Whether someone agrees I am worth that, has no bearing on me deciding at which price I will take a job.

Everyone has that right. No one here is a slave, at least I hope.
 
2014-08-24 01:41:20 PM
1.bp.blogspot.com
 
2014-08-24 03:13:36 PM
Silly customer! Don't you know you cannot hurt a Twinkie?  (Or how about the obvious "Twinkie
defense" joke....Apu Nahasapeemipetilon, meet Dan White.)
 
2014-08-24 06:40:34 PM
Maybe they can start making them at Fjurg's Bakery.
 
2014-08-24 06:47:06 PM

BigBurrito: Spare Me: No complaints here. Well, other than workers think they have the right to name their own pay.

Of course I have a right to name my own pay, so do you.

I will not teach for less than 75,000 a year starting pay. It is not worth the headache to me unless I make that much. No one will pay that, therefore I do not teach, but I do have a price, that I have control over, that I will teach at.

I get to decide my worth. Whether someone agrees I am worth that, has no bearing on me deciding at which price I will take a job.

Everyone has that right. No one here is a slave, at least I hope.


So you are unemployed?
 
2014-08-24 07:09:38 PM
Does anyone really care that Hostess products are back? I have yet to pick up one since they relaunched. Not only are they not price-competitive, there are much tastier, local options near me for unhealthy baked goods (Tastykake).
 
2014-08-24 08:31:09 PM

jayphat: It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.



The bakers already took a 30 percent pay cut to get the company out of its first bankruptcy.  Now they're being hit up again for another 27% in cuts phased in over five years, the Company is going to pocket their pension contributions until such time (if) they turn a profit, the insurance premiums will double, and the quality of the insurance premium will decline.  Overall, the resulting cuts, compounded over the previous cuts taken 5 years previously, would result in a pay cut in the range of 55 to 60 percent (combination of cuts to hourly rates and increased insurance premiums).

You're an idiot if you think that's a "deal" they should have taken.  If the Company needs to keep wages below $24,000 per annum that's not a job worth having.
 
2014-08-24 08:53:24 PM
www.thebluegrassspecial.com
 
2014-08-24 08:58:49 PM

Ishidan: So you are unemployed?


Why would I be unemployed?

I am pointing out that a job can make an offer of payment, it is my choice weather I take that job or not at that pay. Is this a difficult concept?
 
2014-08-24 09:13:06 PM
Who cares about Hostess. They've closed Entenmanns.

//shakes fist at sky
//end of days
 
2014-08-24 10:50:06 PM
Not really sure how this got to be a discussion about unions vs. management.  If they wanted to survive then they would have found a way to stabilize lots of insulin in the creamy center.
 
2014-08-25 12:31:48 AM

Monkeyhouse Zendo:  TFA:Hostess Brands CEO Bill Toler said the company is closing the plant as it tries to improve efficiency.

Translation: Twinkies will now be made in China or whatever third world nation we can move production to in order to minimize labor costs and government oversight.


Probably Texas. Non-union, cheap labor and cheap politicians who will stay bribed. China's getting a bad rep about the quality of the bribed politicians.
 
2014-08-25 02:14:54 AM

jayphat: BigBurrito: jayphat: It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.

So you do not think a personr has the right to decide what his work is worth?

Absolutely. I also you think you need to factor in REALITY into that equation. I think my work is worth about 25% more than I'm paid based on the amount of work I do. That is not feasible for my employer. They are paying me what they can afford. If my employer showed me that this was the max they could pay me, or I could hold my ground and get paid nothing when the job disappeared, well then guess what my option is?

Also, the fact that the smaller percentage of the company did this to the entire workforce really chapped my ass.


Ok you think you can decide what you're worth but need to factor in reality? Well what if there are other people who could more easily afford a pay cut and other efficiencies that could be made to help get you to your goal. When do you say even unemployment is better than this deal? Or fark me and I'll bring down this whole place. Eventually you've got to draw a line. They made a choice. Was it the choice you or I would have made? Doesn't matter. We weren't put in that position yet.
 
2014-08-25 03:07:06 AM
Didn't they pull this shiat a couple of years ago? "Oh no, we have to shut down because of those greedy workers!"  They then proceed to fire all the union employee's.

Then a few months later, Surprise! Due to public outcry we've reopened and offered everyone their jobs back. At reduced pay and no benefits of course.
 
2014-08-25 05:01:20 AM

jayphat: FormlessOne: Donald Woods is president of the Bakery, Confectionery, Tobacco workers and Grain Millers International Union Local 1. He told the Chicago Sun-Times  that workers were shocked by the news the mob was shocked that they wouldn't be getting their usual union payout.

FTFY.

They shouldn't be. They are the primary cause of the bankruptcy to begin with. No reason their greed should get rewarded.

/please don't lecture me on the golden CEO parachutes. lets stay on topic here.


IIRC, it was more of financial shell games and double dealing by an interim set of owners (i.e. gut the company and move on.)  The union got screwed several times during the process.
 
2014-08-25 05:29:39 AM

BigBurrito: Ishidan: So you are unemployed?

Why would I be unemployed?

I am pointing out that a job can make an offer of payment, it is my choice weather I take that job or not at that pay. Is this a difficult concept?


Ah.  High sense of self-value, poor command of the English language, and snarky.

You are certainly unemployed.
 
2014-08-25 05:50:17 AM
One thing maybe they didn't consider is once they shut down production for awhile, their customers were able to change their eating habits.
/never let the junkies off the hook
 
2014-08-25 10:47:35 AM

jayphat: Monkeyhouse Zendo: jayphat: They shouldn't be. They are the primary cause of the bankruptcy to begin with. No reason their greed should get rewarded.

You understand that management signed off on those contracts too, right?

Here's a decent article from Forbes discussing the issues Hostess had:  http://www.forbes.com/sites/quora/2012/11/21/did-hostess-go-bankrupt- i n-2012-because-people-no-longer-find-twinkies-appealing/

Some of the challenges had to do with inefficiencies in sourcing health care plans and retirement plans but what everybody seems to forget in their stampede to blame the evil labor unions is that management agreed to these plans because they knew they weren't going to be around when the bill came due. Executive management passed the buck until the buck could not be passed anymore rather than insist on employee contracts and health care plants with better long term viability.

It's not like the most recent management signed those contracts mind you. They took over from the last group of idiots. They saw a problem. They went to the 2 unions and said "look, here's what we need to do to stay in business. Here is the numbers. We'll give you X after a few years when we're in the clear." The Teamsters Union(drivers) agreed to it right off the bat. The Bakers Union said "fark you, we're going on strike." Sorry, I have zero sympathy for the members of that union.


Yes. Blame it on the working man. Because the munificent overlord CEOs would never, ever destroy a company for the short term profit. Where in the hell do you you morons come up with this shiat? Troll State U.?
 
2014-08-25 02:36:22 PM
As if Chicado wasn't violent enough, now we're taking away their twinkies!  The crime rate will increase expotentially with this action.

\look what happened here when Hostess sold the farm.
 
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