The economy's so bad Hostess Twinkies...

The economy's so bad Hostess Twinkies are going out of business Great job Obama!

Posted in the Crossville Forum

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wow

United States

#1 Nov 16, 2012
The economy's so bad now that Hostess Twinkies are going out of business...Great job Obama
yeahright

Crossville, TN

#2 Nov 16, 2012
I don't think it had anything to do with Obama, but Irving is gonna be crushed. No more Twinkies and Ding Dongs.
lmao

Crossville, TN

#3 Nov 16, 2012
^^^I can hear him sobbing already. lmao
edu

Crossville, TN

#4 Nov 16, 2012
That the Obama economy in progress, thing are getting better and better all the time. If nobody has a job then nobody will have to worry about losing their job...Good stuff...He's starting to look like the parent who won't let their kid have a bike because they might wreck it. Now if he can keep those Hostess workers on unemployment from now on they will never have to worry about losing their job again.
frogmann

Masontown, PA

#5 Nov 16, 2012
youtube.com/watch...
Elf Rant I say!
Well

Crossville, TN

#6 Nov 16, 2012
Hostess: To stay in business, need slight cuts in pay and benefits.

Union: Hell no! We strike.

Hostess: Cant stay afloat then. Shutting down.

18,500 new unemployment claims in the long run.

Goooooo---- unions!

Goodbye Wonder, Merita, Homepride, Natures Own, Dolly Madison, Butternut and Hostess cakes. You will be missed.

Goooooo---unions!
Tennessee Toothbrush

Cookeville, TN

#7 Nov 16, 2012
Does anyone really care if Twinkies go away? Really?
wow

United States

#8 Nov 16, 2012
TN alone will see a lowering of healthcare costs.
Ironic Elmo

Crossville, TN

#9 Nov 16, 2012
I heard it was because you can't buy them on food stamps and Mrs. Obama only allows healthy foods in schools. And and and...
Anonymous

Crossville, TN

#10 Nov 16, 2012
there is plenty of other places that make twinkies and ding dongs if your so worried... lol
Anonymous

Crossville, TN

#11 Nov 16, 2012
...wait... NO MORE TWINKIES... the zombie appocolypse is coming....
Mobile_Amused

Clinton, SC

#12 Nov 16, 2012
Maybe Romney can "save" this company by sending it to China...and pocketing a nice little profit in the process.
June

Crossville, TN

#13 Nov 16, 2012
Tennessee Toothbrush wrote:
Does anyone really care if Twinkies go away? Really?
More to the Hostess brand than just Twinkles. Lots of job losses with this closure.
June

Crossville, TN

#14 Nov 16, 2012
Mobile_Amused wrote:
Maybe Romney can "save" this company by sending it to China...and pocketing a nice little profit in the process.
Maybe the bakers union should have made some compromises to save thousands of jobs.

Since: Mar 10

Location hidden

#16 Nov 16, 2012
http://articles.chicagotribune.com/2012-11-15...

While the company has said it must have significant labor concessions to continue to survive, the union has said the company must rescind the wage and benefit reductions.

Union President Frank Hurt said Thursday that the crisis is a "result of nearly a decade of financial and operational mismanagement" and said management was trying to make union workers the scapegoats for a plan by "Wall Street investors" to sell off Hostess.

The union said the private equity and hedge funds that control Hostess did not live up to promises to modernize plants and trucks but grew the company's debt while rewarding themselves financially.

Union members striking outside the Hostess bakery in Lenexa, Kansas on Thursday said wages and benefits had already been shaved substantially in the company's years of financial struggles and further concessions were not feasible. They blame poor management for the company's woes.
June

Crossville, TN

#17 Nov 16, 2012
Several unions are involved with this business and gave concessions. It was the bakers union that was the final hold out.
sad sad

Tucker, GA

#18 Nov 16, 2012
Cut wages would be better than no wages.

Since: Mar 10

Location hidden

#19 Nov 16, 2012
sad sad wrote:
Cut wages would be better than no wages.
They had been conceding wage cuts for years. How low would they cut YOUR wages before you said "No more?" Just a hypothetical, but if your "top out" pay was diminished below starting pay at other factories, the employer's leverage would be eliminated.
sad sad

Tucker, GA

#20 Nov 16, 2012
The Original Amused wrote:
<quoted text>
They had been conceding wage cuts for years. How low would they cut YOUR wages before you said "No more?" Just a hypothetical, but if your "top out" pay was diminished below starting pay at other factories, the employer's leverage would be eliminated.
You make a very valid point and I'm not denying that fact either. BUT, it's far better to take a pay cut than to lose your job. If the company was that bad, then those people should go to those other factories. There will always be others that will fill the spots just to have a job. Now, everybody has lost.
awful

United States

#21 Nov 16, 2012
Now Merita Bread's saying they may go out of business.

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