Separate names with a comma.
Discussion in 'The OT' started by fluffybear, Nov 16, 2012.
From Fox News:
From Wall Street Journal:
Biting the Hand feeds
just some of the Hostess Brands in the United States:
Bread du Jour
Time to stock up on Twinkies and Ding Dongs
I'm sure Michael Bloomberg will take great pleasure hearing about this.
Tallahassee will definitely not be happy...
From what I've read the company was planning on closing some locations within the next year anyway (they are in the middle of their 2nd bankruptcy) but it was also ~5000 striking bakers that sealed the fate of all ~18,500 workers.
That's a lot of jobs lost and if they were moving them overseas the media would be all over this story!
Quite a list of brands there. I recognize several brands of bread that would disappear: Butternut (which I remember from Chicago), Holsum, Home pride, Merita, Millbrook, Nature's Own -- perhaps others that I don't recognize. I would guess that several of them would be picked up by Sara Lee or Stroheman.
If Twinkies disappear, it would be a blow to state fair vendors (deep fried Twinkies) and Blue Man Group, which uses Twinkies in one of their skits. :lol:
This is a serious problem for both the company and its employees. If it does indeed go under, The closing would mean the loss of about 18,500 jobs. The company said employees at its 33 factories were sent home and operations suspended Friday and its roughly 500 bakery outlet stores will stay open for several days to sell remaining products.
Just to provide another side to the story:
I am not against all unions. I think they should be limited to only the company in question, not industry or multi industrywide like the UAW, IBEW, etc. Sometimes management is wrong and if you live in a small town where there aren't other work alternatives, you can't just quit and go somewhere else very easily. And sometimes unions make outrageous demands.
As with most everything, the truth lies somewhere in the middle.
The NY Daily News is calling him "Marathon Mike" now. He wanted to have the NY marathon right after Sandy hit. Much as I like the way he's cleaned up the city, I don't know what he was thinking when he refused to cancel the marathon until the last minute.
So do people think that the products will go away? Or will someone else buy the company (or the license for the products) and resume operations, possibly in the same factories with the same personnel?
If I may quote Darth Vader:
Better add bear paws
Isn't this somewhat short of a done deal? Since Hostess is in bankruptcy, I believe that they have to seek approval of the bankruptcy judge to liquidate. He/she may not agree to it.
What I have read is that the brands will probably be purchased but it is unlikely the old bakeries would be used. The buyer would just start producing them in their own facilities
I believe the bankruptcy judge has approved the liquidation
Most imporant in this, what will happen to the "Twinkie Defense?" As a child growing up in the SF Bay Area I was not allowed to eat Twinkies....my Mom would joke "Twinkies make you crazy and you might kill people." When I was older I finally was able to read/learn about the Milk/Moscone murders and learned it was truly something real.
In this job starved economy this is the last thing the employees needed to do, Be assured if the doors actually close there is going to be major regrets.
With the new health care law and higher taxes I expect 100s of companies to pull the plug in the next few years.