xxxrayted

Cleveland, OH

#14127 Nov 21, 2012
Looking around, I found this on the net:

Hostess Brands goes out of business after employees say no wage cut

Hostess Bakery struggling with production issues and net income, refused to accept BCTGM Union proposal to keep existing wage rates and to restore the pension plan.

Gregory F. Rayburn, CEO, says the recent loss of bakery production from the strike worsened the unmet economic obligations. Frustrated at the unions and workers he publicly announced that he is closing Hostess Brands Bakery which includes 18,000 job eliminations and "closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States."

View slideshow: No more Twinkies: Hostess Bakery closes doors after Union dispute

The primary issues cited by owner Rayburn was the looming cost of healthcare, union wages, and pension plans. The company already had issues at their production plants which were not operating at optimal levels. The cost per product was increasing with slow production. Union operations complicated production, pay, management. 83 percent of Hostess Brand's 18,500 employees were subject to 360 collective bargaining agreements with 12 separate unions.

Rayburn proposed to the unions the following offer according to BCTGM:

Hostess Brands Proposal:

An immediate 8 percent wage reduction and elimination of the eight-hour work day.
401k plan beginning 2015,
Employee healthcare cost sharing 20 percent increase,
Elimination of the employees’ W-1 (retiree Medigap insurance) and P-Plan (a pension supplement used to pay health and funeral costs);
Closure of additional plants (10-12) without reporting reasons to the unions.
$100 million to union in the form of 25 percent equity stake in Hostess Brands
Union Proposal:

Current pay rates stay
Begin 401k now
Pay back their pension amount
Without agreeable negotiation legal action will continue.
Stop labor until agreement made.

http://www.examiner.com/article/hostess-brand...

At least according to this article, not only would they refuse a pay cut, but they demanded their pensions back. They also decided to strike (or as they say, stop labor) unless these demands were met.
xxxrayted

Cleveland, OH

#14128 Nov 21, 2012
Che Reagan Christ wrote:
<quoted text>
Even if that were true, I would prefer that to being someone's bitch.
Does that include being governments bitch?

Since: Feb 12

Location hidden

#14129 Nov 21, 2012
xxxrayted wrote:
Looking around, I found this on the net:
Hostess Brands goes out of business after employees say no wage cut
Hostess Bakery struggling with production issues and net income, refused to accept BCTGM Union proposal to keep existing wage rates and to restore the pension plan.
Gregory F. Rayburn, CEO, says the recent loss of bakery production from the strike worsened the unmet economic obligations. Frustrated at the unions and workers he publicly announced that he is closing Hostess Brands Bakery which includes 18,000 job eliminations and "closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States."
View slideshow: No more Twinkies: Hostess Bakery closes doors after Union dispute
The primary issues cited by owner Rayburn was the looming cost of healthcare, union wages, and pension plans. The company already had issues at their production plants which were not operating at optimal levels. The cost per product was increasing with slow production. Union operations complicated production, pay, management. 83 percent of Hostess Brand's 18,500 employees were subject to 360 collective bargaining agreements with 12 separate unions.
Rayburn proposed to the unions the following offer according to BCTGM:
Hostess Brands Proposal:
An immediate 8 percent wage reduction and elimination of the eight-hour work day.
401k plan beginning 2015,
Employee healthcare cost sharing 20 percent increase,
Elimination of the employees’ W-1 (retiree Medigap insurance) and P-Plan (a pension supplement used to pay health and funeral costs);
Closure of additional plants (10-12) without reporting reasons to the unions.
$100 million to union in the form of 25 percent equity stake in Hostess Brands
Union Proposal:
Current pay rates stay
Begin 401k now
Pay back their pension amount
Without agreeable negotiation legal action will continue.
Stop labor until agreement made.
http://www.examiner.com/article/hostess-brand...
At least according to this article, not only would they refuse a pay cut, but they demanded their pensions back. They also decided to strike (or as they say, stop labor) unless these demands were met.
They did the same thing in 04. It is bad management. We will be stuck once again with the Gov backed pensions. Management will walk away with millions.

Since: Feb 12

Location hidden

#14130 Nov 21, 2012
xxxrayted wrote:
Looking around, I found this on the net:
Hostess Brands goes out of business after employees say no wage cut
Hostess Bakery struggling with production issues and net income, refused to accept BCTGM Union proposal to keep existing wage rates and to restore the pension plan.
Gregory F. Rayburn, CEO, says the recent loss of bakery production from the strike worsened the unmet economic obligations. Frustrated at the unions and workers he publicly announced that he is closing Hostess Brands Bakery which includes 18,000 job eliminations and "closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States."
View slideshow: No more Twinkies: Hostess Bakery closes doors after Union dispute
The primary issues cited by owner Rayburn was the looming cost of healthcare, union wages, and pension plans. The company already had issues at their production plants which were not operating at optimal levels. The cost per product was increasing with slow production. Union operations complicated production, pay, management. 83 percent of Hostess Brand's 18,500 employees were subject to 360 collective bargaining agreements with 12 separate unions.
Rayburn proposed to the unions the following offer according to BCTGM:
Hostess Brands Proposal:
An immediate 8 percent wage reduction and elimination of the eight-hour work day.
401k plan beginning 2015,
Employee healthcare cost sharing 20 percent increase,
Elimination of the employees’ W-1 (retiree Medigap insurance) and P-Plan (a pension supplement used to pay health and funeral costs);
Closure of additional plants (10-12) without reporting reasons to the unions.
$100 million to union in the form of 25 percent equity stake in Hostess Brands
Union Proposal:
Current pay rates stay
Begin 401k now
Pay back their pension amount
Without agreeable negotiation legal action will continue.
Stop labor until agreement made.
http://www.examiner.com/article/hostess-brand...
At least according to this article, not only would they refuse a pay cut, but they demanded their pensions back. They also decided to strike (or as they say, stop labor) unless these demands were met.
Twinkies Defense Is Private Equity's Pension Offense: Street ... www.thestreet.com/story/11771361/1/twinkies-d... ...

2 days ago ... The Hostess liquidation may prove how hedge funds can score profits by hoisting pensions onto taxpayers.... as both parties return to the negotiation table on a pay and benefit deal that could keep the company in business.]...

Since: Aug 12

Smyrna, GA

#14131 Nov 21, 2012
Don't think for a second any of the same employees will go back to work there. Especially in the dumbass secondary union that totally screwed the pooch.

Since: Aug 11

Location hidden

#14133 Nov 21, 2012
UdintBuildThat wrote:
Don't think for a second any of the same employees will go back to work there. Especially in the dumbass secondary union that totally screwed the pooch.
Right, because Bill Clinton is the one that Screwed the Union Workers by Classifying Strike workers into two groups, unfair or economical and its clear that they are economical strikers and by Federal Law the strikers can be terminated and be replaced by new permanent replacement workers but if they were unfair labor practice strikers then they could not be replaced, but yes definitely they are done because its has to do with economics or money and why they went on strike to begin with.
Amused Slew

Seattle, WA

#14134 Nov 21, 2012
Bushwhacked !!
Thomas Scutillo

Aberdeen, OH

#14135 Nov 22, 2012
if you fill up a ghost town with people from the "class room" they can run the town... with just rules too! wow and stuff.. where do i sign up for the food stamps?
Thomas Scutillo

Aberdeen, OH

#14136 Nov 22, 2012
first you map the whole ghost town out with laws...lots and lots of laws....and you follow them...and thats what makes the WHOLE TOWN WORK so you make more laws... so it works BETTER and stuff
Thomas Scutillo

Aberdeen, OH

#14137 Nov 22, 2012
if I had a education,,,,, I could git me sum of dat too
Pops

Cincinnati, OH

#14138 Nov 22, 2012
Just a couple of points about hedge funds & capital investments companies that so many seem to demonize. ONE, When a company gets involved with their financing there is already a hand on the 'flush handle' & this is their last resort. Sometimes it is simply too late.The risk is high so the cost is high whether the efforts are successful or not.
TWO, Such efforts are LEGAL !! They are the end results of legislation created by EVERY party's past efforts & continued efforts or lack of efforts to change those laws.
THREE. Don't demonize those companies for their LAWFUL business actions.
IF you don't like them, don't whine about them in any way except to petition your/our legislators to change those laws. GOOD LUCK with that!
Che Reagan Christ

Lodi, OH

#14139 Nov 22, 2012
Pops wrote:
<quoted text>Then Do NOT throw my name into your response since it doesn't lend to your point without be more clear. Talk about insufferably stupid!!!
IF you have a point to make, stick on topic to make it & more people would pick up on your point. They might even have an idea as to what YOU are trying to say.
Ok, Mongo. Go back and read the exchange between me and your boy XXX where he told us his Pop was a life long union bricklayer. Then, think about whether I was asking XXX about his "Pop" and not mentioning you in a discussion that had absolutely nothing to do with you.

When you are this obtuse about things happening right in front of you, do you ever consider that your ability to process information is irreparably inferior and that it causes your political conclusions to be inferior as well?
Che Reagan Christ

Lodi, OH

#14140 Nov 22, 2012
xxxrayted wrote:
<quoted text>
Does that include being governments bitch?
Yep. I have worked hard and educated myself so I am no one's bitch. America is a great place.
xxxrayted

Cleveland, OH

#14141 Nov 22, 2012
Cousin DuPrees Cousin wrote:
<quoted text>
They did the same thing in 04. It is bad management. We will be stuck once again with the Gov backed pensions. Management will walk away with millions.
I don't see how government should be stuck with pensions. Pensions are a thing of the past with most companies. Who has pensions today besides government workers which we are stuck paying for?

Anyway, happy Thanksgiving to you and yours.:-)
Duke for Mayor

Akron, OH

#14143 Nov 22, 2012
xxxrayted wrote:
<quoted text>
I don't see how government should be stuck with pensions. Pensions are a thing of the past with most companies. Who has pensions today besides government workers which we are stuck paying for?
Anyway, happy Thanksgiving to you and yours.:-)
Says the man who consistently whines about making certain he or his heirs receive his SS contributions, even if he dies prematurely.

woof
Save Yourself

Canton, OH

#14144 Nov 22, 2012
Thanks to the great American hero who killed Bin Laden and the educated Americans who voted for him, even the Tea Party can have a safe and bountiful Thanksgiving. You're welcome.
Thomas Scutillo

West Union, OH

#14146 Nov 22, 2012
business-crucial functions in a ghost town... is the only legal way to hedge.... at my high school 50% real 50% imaginary and 50% pro poor minority with a 80% drop out and sick leave and arrest rate...shows the importance of diversity in your stock holdings and hedge...150% isnt over crowded is it?
Thomas Scutillo

West Union, OH

#14147 Nov 22, 2012
then your cash flow should work like,,,,San Francisco Chronicle
Massive pileup shuts I-10 in Texas; 2 dead
San Francisco Chronicle
BEAUMONT, Texas (AP)- Two people are dead and dozens are injured after an estimated 100-vehicle pileup that forced the closure of Interstate 10 in Southeast Texas.

Since: Aug 11

Location hidden

#14148 Nov 22, 2012
Duke for Mayor wrote:
<quoted text>
Says the man who consistently whines about making certain he or his heirs receive his SS contributions, even if he dies prematurely.
woof
exactly, and there is no property rights to Social Security.
Thomas Scutillo

West Union, OH

#14149 Nov 22, 2012
you like watching your money PILE UP DONT YOU?

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Bellville Discussions

Title Updated Last By Comments
Immigrants come here to work, area residents say (Apr '06) Wed Rita g 17
Review: Purr-L Harbor Cattery Dec 13 jerryjelly 1
Heroin continues to dominate METRICH region Dec 2 LG Galion 3
hyy Nov 27 sugarbaby amy 1
Mansfield Ohio Cold Case (Mar '14) Nov '14 Brenda 4
Carrie weikel Nov '14 pantieweter 1
Debate: Marijuana - Mansfield, OH (Aug '10) Nov '14 Trevor 51
Bellville Dating
Find my Match
More from around the web

Bellville People Search

Addresses and phone numbers for FREE

Bellville News, Events & Info

Click for news, events and info in Bellville

Personal Finance

Mortgages [ See current mortgage rates ]

NFL Latest News

Updated 1:42 pm PST

NBC Sports 1:42PM
Browns face extremely long odds to make playoffs - NBC Sports
NBC Sports 2:01 PM
Johnny Manziel: 'Last week is in the past'
ESPN 2:46 PM
Browns OC backs Manziel: Not going in tank
NBC Sports 3:50 PM
Bengals heading back into withering spotlight - NBC Sports
NBC Sports 6:32 PM
Week 16 skill-position injury report — Thursday