Twinke a Sucide by Unions

Twinke a Sucide by Unions

Posted in the Bryceville Forum

DSM Local

Ankeny, IA

#1 Nov 17, 2012
---Unions kill an American classic, and 18,500 of their own jobs.

Perhaps it says something about America—though we're not sure what—that iconic junk foods like Twinkies, Devil Dogs, Ho Hos snack cakes and Wonder bread have endured since the 1930s despite changing consumer health and eating habits. It does say something about institutions that can't—or refuse to—adapt to new economic times that the company behind those products has chosen to go out of business overnight.

Hostess's owners have decided to liquidate rather than ride out a nationwide strike by one of the largest of its dozen unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The Texas-based company owned by the private-equity shop Ripplewood Holdings and other hedge funds essentially gave up. On Friday it shut down its 33 bakeries and 565 distribution centers and prepared to fire nearly 18,500 employees en masse and auction off its brand and recipe portfolio.

Hostess posted sales of $2.5 billion in 2011 but lost $341 million and lacked the cash flow to hold out through the bakers union work stoppage that had only lost a few days of production so far. One reason is a labor-rule burden that by comparison makes Detroit look like Hong Kong.

The snack giant endured $52 million in workers' comp claims in 2011, according to its bankruptcy filing this January. Hostess's 372 collective-bargaining agreements required the company to maintain 80 different health and benefit plans, 40 pension plans and mandated a $31 million increase in wages and health care and other benefits for 2012.

Union work rules usually required cake and bread products to be delivered to a single retail location using two separate trucks. Drivers weren't allowed to load their own vehicles, and the workers who loaded bread weren't allowed to load cake. On most delivery routes, another "pull up" employee moved products from back rooms to shelves.

This year management negotiated concessions from some of the unions, including the Teamsters, but the bakers rejected a last and best offer in September. Then the courts gave Hostess unilateral authority to modify collective-bargaining contracts, prompting the strike. So now it will liquidate, instead of attempting to emerge from Chapter 11 intact.

The 18,500 layoffs are equal to about 11% of the net new jobs the entire U.S. economy created in October. The unions are blaming private equity, or Bain Capital, or capitalism (because they are communist), but the election is over. And so is Hostess.

http://online.wsj.com/article/SB1000142412788 ...
http://www.topix.com/forum/city/minneapolis-m...
DSM Local

Ankeny, IA

#2 Nov 17, 2012
Unions just another special interest, looking to hold onto perks that no one else gets
Cubano

Jacksonville, FL

#3 Nov 17, 2012
DSM Local wrote:
---Unions kill an American classic, and 18,500 of their own jobs.
Perhaps it says something about America—though we're not sure what—that iconic junk foods like Twinkies, Devil Dogs, Ho Hos snack cakes and Wonder bread have endured since the 1930s despite changing consumer health and eating habits. It does say something about institutions that can't—or refuse to—adapt to new economic times that the company behind those products has chosen to go out of business overnight.
Hostess's owners have decided to liquidate rather than ride out a nationwide strike by one of the largest of its dozen unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The Texas-based company owned by the private-equity shop Ripplewood Holdings and other hedge funds essentially gave up. On Friday it shut down its 33 bakeries and 565 distribution centers and prepared to fire nearly 18,500 employees en masse and auction off its brand and recipe portfolio.
Hostess posted sales of $2.5 billion in 2011 but lost $341 million and lacked the cash flow to hold out through the bakers union work stoppage that had only lost a few days of production so far. One reason is a labor-rule burden that by comparison makes Detroit look like Hong Kong.
The snack giant endured $52 million in workers' comp claims in 2011, according to its bankruptcy filing this January. Hostess's 372 collective-bargaining agreements required the company to maintain 80 different health and benefit plans, 40 pension plans and mandated a $31 million increase in wages and health care and other benefits for 2012.
Union work rules usually required cake and bread products to be delivered to a single retail location using two separate trucks. Drivers weren't allowed to load their own vehicles, and the workers who loaded bread weren't allowed to load cake. On most delivery routes, another "pull up" employee moved products from back rooms to shelves.
This year management negotiated concessions from some of the unions, including the Teamsters, but the bakers rejected a last and best offer in September. Then the courts gave Hostess unilateral authority to modify collective-bargaining contracts, prompting the strike. So now it will liquidate, instead of attempting to emerge from Chapter 11 intact.
The 18,500 layoffs are equal to about 11% of the net new jobs the entire U.S. economy created in October. The unions are blaming private equity, or Bain Capital, or capitalism (because they are communist), but the election is over. And so is Hostess.
http://online.wsj.com/article/SB1000142412788 ...
http://www.topix.com/forum/city/minneapolis-m...
I just bought a twin pack of Twinkies and it could be the very last one in Jacksonville. I drove all day all over Jacksonville looking for them until I found the last pack at a Hess gas station in Art Museum Dr.

I'm going to preserve it by keeping it in an dark air-sealed container. This last pack could be worth millions in the future.
Wow

Jacksonville Beach, FL

#4 Nov 17, 2012
You go, dsm, those poor corporate souls need your support. The poor struggling CEO only took a 1.5 mill salary increase this year.

How stupid are you, you corporate shill?
DSM Local

Ankeny, IA

#5 Nov 18, 2012
Cubano wrote:
<quoted text>
I just bought a twin pack of Twinkies and it could be the very last one in Jacksonville. I drove all day all over Jacksonville looking for them until I found the last pack at a Hess gas station in Art Museum Dr.
I'm going to preserve it by keeping it in an dark air-sealed container. This last pack could be worth millions in the future.
The company may actually be bought out by a mexican company with access to cheap sugar and more importantly non-unionized labor. I'm guessing those union thugs are wishing they had agreed with the leftist bankruptcy judge and taken an 8% pay cut now
fifties

Jacksonville, FL

#6 Nov 18, 2012
DSM Local wrote:
<quoted text>
The company may actually be bought out by a mexican company with access to cheap sugar and more importantly non-unionized labor. I'm guessing those union thugs are wishing they had agreed with the leftist bankruptcy judge and taken an 8% pay cut now
It will be renamed,"El Twinko "
Union Contract Hit

Ankeny, IA

#7 Nov 19, 2012
fifties wrote:
<quoted text>
It will be renamed,"El Twinko "
Sadly at times Mexico is more Capitalist than us.

Or as "Occupy" says, if you see capitalism kills say something, well since they feel that way I guess they're going to kill capitalism
DSM Local

Ankeny, IA

#8 Nov 19, 2012
The Hostess brands “most likely will be purchased by a competitor that will bolt the additional sales to a more efficient delivery system,” David Pauker, a food industry restructuring specialist, tells Reuters.“The company itself won't survive.”
Curious

Ponte Vedra Beach, FL

#10 Dec 4, 2012
Unions have destroyed the post office,auto industry,education and just about every company the mob infiltrates.Unions were needed back in the old days of sweatshops but they are not of any use anymore.Thank the unions for the high price of cars.2000 bucks worth of metal and plastic,the rest goes to line their pockets.
King of wisdom

Jacksonville, FL

#11 Dec 4, 2012
Curious wrote:
Unions have destroyed the post office,auto industry,education and just about every company the mob infiltrates.Unions were needed back in the old days of sweatshops but they are not of any use anymore.Thank the unions for the high price of cars.2000 bucks worth of metal and plastic,the rest goes to line their pockets.
Actual its the public sector unions that have been screwing us up the @ss.. The FOP is a good example..

You dont haft to buy a twinkie if you dont want one.. But when it comes to the public sector unions such as the FOP, you dont have a choice..

Nelson Cuba has proven himself the be a pig.. And the JSO cops that he represents are pigs as well...

I have more respect for bed lice....
King of wisdom

Jacksonville, FL

#12 Dec 4, 2012
Curious wrote:
Unions have destroyed the post office
The internet has destroyed the post office... I havn't bought a stamp in years...
I suggest you get a clue, before you go running off at the mouth..

Since: Jun 07

Location hidden

#13 Dec 4, 2012
Curious wrote:
Unions have destroyed the post office,auto industry,education and just about every company the mob infiltrates.Unions were needed back in the old days of sweatshops but they are not of any use anymore.Thank the unions for the high price of cars.2000 bucks worth of metal and plastic,the rest goes to line their pockets.
The PUNCTUATION UNION really lost out on you!
Flakes

Ponte Vedra Beach, FL

#14 Dec 5, 2012
Selecia Jones- JAX FL wrote:
<quoted text>The PUNCTUATION UNION really lost out on you!
shut up ,this isn't English class,who really cares.
Flakes

Ponte Vedra Beach, FL

#15 Dec 5, 2012
King of wisdom wrote:
<quoted text>
The internet has destroyed the post office... I havn't bought a stamp in years...
I suggest you get a clue, before you go running off at the mouth..
Partly true,I know sluggos that push carts of mail at the bmc for 25 bucks an hour.Totally unskilled,low 80's IQ.Then they break into drug packages and steal them.One guy got caught masturbating on the line and the union punished him with 3 days off with pay.They get full retirement and ss retirement.I went to school a long time and worked on nuclear weapons,yet these idiots get 25 an hour for no skills whatsoever and get better benefits than you.

Since: Jun 07

Location hidden

#16 Dec 5, 2012
Flakes wrote:
<quoted text>Partly true,I know sluggos that push carts of mail at the bmc for 25 bucks an hour.Totally unskilled,low 80's IQ.Then they break into drug packages and steal them.One guy got caught masturbating on the line and the union punished him with 3 days off with pay.They get full retirement and ss retirement.I went to school a long time and worked on nuclear weapons,yet these idiots get 25 an hour for no skills whatsoever and get better benefits than you.
Guess that an 80 IQ was enough for them to know that retirement benefits were important....unlike you, who chose poorly. You must be somewhere in the 70 range.
Toaster

Saint Augustine, FL

#17 Dec 5, 2012
Wow wrote:
You go, dsm, those poor corporate souls need your support. The poor struggling CEO only took a 1.5 mill salary increase this year.
How stupid are you, you corporate shill?
The CEO will find another great job,most of the unskilled workers will not.
The workers would have been better off taking what the company offered them,and looked for another job while they still had money coming in. Now you and I will be paying them---- unemployment,and welfare. Socialist like you enjoy paying for this BS, I'm a capitalist and don't enjoy paying for other peoples bad decisions.
They had jobs-now they don't- not my problem. Whatever the CEO was making is irrelevant, and will not bring the jobs back.
Toaster

Saint Augustine, FL

#18 Dec 6, 2012
Curious wrote:
Unions have destroyed the post office,auto industry,education and just about every company the mob infiltrates.Unions were needed back in the old days of sweatshops but they are not of any use anymore.Thank the unions for the high price of cars.2000 bucks worth of metal and plastic,the rest goes to line their pockets.
There's more cost in employee fringe benefits in a UAW manufactured auto
than the cost of steel used to produce the vehicle..
White House Florida

United States

#19 Dec 6, 2012
Curious wrote:
Unions have destroyed the post office,auto industry,education and just about every company the mob infiltrates.Unions were needed back in the old days of sweatshops but they are not of any use anymore.Thank the unions for the high price of cars.2000 bucks worth of metal and plastic,the rest goes to line their pockets.
Very true and look at the public education system and what they teach or just baby sitters, the kids get the liberal union society dumber down teachings. Sick it is but they are power hungry sick people getting what they want because we the law abiding citizens are letting them get by with it. We need tens of millions to march on Washington.

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