non-starter

Saint Paul, MN

#175 Apr 8, 2013
Even knowing Hostess may have been doomed in the long run, some Teamsters said they can't help but feel like collateral damage in the bakers' union's showdown with management.

"We did everything we could to save the company," said Joseph Ortuso, a Teamster and sales route driver from New Jersey who'd been with Hostess or its acquisitions for more than two decades. "We never gave up during bankruptcy. We fought in the marketplace to retain our business. In the end, somebody else made the decision."

"They're losing [5,000] jobs," Ortuso said of the bakers' union, "but they're costing 18,900 people their jobs."

A spokeswoman for the bakers' union, whose website crashed after the news of Hostess' liquidation broke, told HuffPost the union is not commenting to the press. In a statement last week, the union called the strike "an inspiring display of courage and conviction," and after Hostess issued an ultimatum on Thursday, the union released a statement attributing the company's woes to mismanagement rather than its workforce.
non-starter

Saint Paul, MN

#176 Apr 8, 2013
Now the family hopes to perform the same routine with Hostess. In January, Metropoulos & Co. expressed its intent to bid on the bankrupt company, and it made common cause with the deep-pocketed private equity firm Apollo Global Management. The $410 million sale was approved by the bankruptcy court in late March.


The frantic action among long-term customers in the wake of the Hostess bankruptcy filing—hoarding, panic-buying, active secondary market sales—justified an aggressive bid.“It wasn’t a computer chip company whose technology was obsolete,” said Evan Metropoulos.

Rather, the product lines were trapped in a parent company with a poor financial structure. And it had stark raving fans.

“The brand and the company encouraged a type of consumer obsession. We saw concrete evidence that this was a cult brand,” Evan continued. Besides, unlike many perfectly good food companies the Metropouloses had owned, Hostess was a fun brand.“Vlasic Pickles is a great brand, but not necessarily a fun brand.”

http://www.thedailybeast.com/articles/2013/04...
non-starter

Saint Paul, MN

#178 Apr 8, 2013
Rather, the product lines were trapped in a parent company with a poor financial structure. And it had stark raving fans.
LIbEralS

Saint Paul, MN

#181 Apr 8, 2013
non-starter wrote:
Rather, the product lines were trapped in a parent company with a poor financial structure. And it had stark raving fans.
If they bring this company back from the dead, all they have to do is go non-union and the slew will have her HoHos back...
Bushwhacker

Seattle, WA

#182 Apr 8, 2013
They're out of work ??? None of them found jobs that actually pay, what they agree to pay ?? Guess, you'll prove this...right ??

Oh, I get it, you prove nothing, because you're a childish putz !!!

"If they had continued to fund the pension, I think we'd still be working there today," said Craig Davis
anti union worker

Minneapolis, MN

#183 Apr 8, 2013
excellent news, now we can start a NON union workforce that will not destroy America.
non-starter wrote:
Judge OKs Hostess's Twinkies, Ding Dongs sale
Credit: Reuters/Jim Young
Tue Mar 19, 2013 3:11pm EDT
(Reuters)- Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc.
Buyout firms Apollo Global Management and Metropoulos & Co teamed up for Hostess's snack cake brands, paying $410 million for Twinkies, Ho Hos, Ding Dongs and Donnettes.
Flowers Food Inc, which makes Tastykakes snacks, picked up most of Hostess's bread business, including its Wonder and Nature's Pride brands for $360 million. The No. 2 U.S. baking company also bought 20 bakeries and other operations.
The Beefsteak brand of bread was sold for $31.9 million to Mexico's Grupo Bimbo S.A.B. de C.V., the world's largest bread maker. Bimbo already owns Entenmann's cakes, Arnold bread and Thomas' English Muffins.
Hostess also said on Tuesday that United States Bakery had the winning bid in the March 15 auction for its remaining bread brands: Eddy's, Standish Farms and Grandma Emilie's. United States Bakery agreed to pay $30.9 million.
Hostess filed for bankruptcy last year and gave up on its plans to emerge from bankruptcy in November, blaming a strike by its bakers union for its failure to emerge from Chapter 11.
The bakers union said in a statement on Tuesday its members would be "indispensable partners" in restarting the former Hostess facilities and getting the products back into stores.
The money raised from the sales will be used to pay off Hostess's creditors, which the company said totaled $1.43 billion when it filed for bankruptcy.
Hostess will return to court on April 9 to ask U.S. Bankruptcy Court Judge Robert Drain to approve the sale to United States Bakery and a separate sale of its line of Drake's snacks. Drake's Coffee Cake, Ring Dings and Devil Dogs were sold to McKee Foods Corp for $27.5 million.
The bankruptcy is: In re Hostess Brands Inc, U.S. Bankruptcy Court, Southern District of New York, No. 12-22052.
I especially liked this line in the Reuters article.....
"The bakers union said in a statement on Tuesday its members would be "indispensable partners" in restarting the former Hostess facilities and getting the products back into stores."
Yeah, like any of the new owners are going to start off with the union that killed off the restructuring in bankruptcy court.
Unions, for people bad at rational thought.
Bushwhacker

Minneapolis, MN

#185 Apr 8, 2013
Bushwhacker wrote:
They're out of work ??? None of them found jobs that actually pay, what they agree to pay ?? Guess, you'll prove this...right ??
"If they had continued to fund the pension, I think we'd still be working there today," said Craig Davis
would have - could have and should have will not save the unions thugs now. On the outside looking in.
non-starter

Saint Paul, MN

#188 Apr 10, 2013
Now the family hopes to perform the same routine with Hostess. In January, Metropoulos & Co. expressed its intent to bid on the bankrupt company, and it made common cause with the deep-pocketed private equity firm Apollo Global Management. The $410 million sale was approved by the bankruptcy court in late March.

The frantic action among long-term customers in the wake of the Hostess bankruptcy filing—hoarding, panic-buying, active secondary market sales—justified an aggressive bid.“It wasn’t a computer chip company whose technology was obsolete,” said Evan Metropoulos.

Rather, the product lines were trapped in a parent company with a poor financial structure. And it had stark raving fans.

“The brand and the company encouraged a type of consumer obsession. We saw concrete evidence that this was a cult brand,” Evan continued. Besides, unlike many perfectly good food companies the Metropouloses had owned, Hostess was a fun brand.“Vlasic Pickles is a great brand, but not necessarily a fun brand.”

http://www.thedailybeast.com/articles/2013/04 ...
non-starter

Saint Paul, MN

#191 Apr 10, 2013
Even knowing Hostess may have been doomed in the long run, some Teamsters said they can't help but feel like collateral damage in the bakers' union's showdown with management.

"We did everything we could to save the company," said Joseph Ortuso, a Teamster and sales route driver from New Jersey who'd been with Hostess or its acquisitions for more than two decades. "We never gave up during bankruptcy. We fought in the marketplace to retain our business. In the end, somebody else made the decision."

"They're losing [5,000] jobs," Ortuso said of the bakers' union, "but they're costing 18,900 people their jobs."

A spokeswoman for the bakers' union, whose website crashed after the news of Hostess' liquidation broke, told HuffPost the union is not commenting to the press. In a statement last week, the union called the strike "an inspiring display of courage and conviction," and after Hostess issued an ultimatum on Thursday, the union released a statement attributing the company's woes to mismanagement rather than its workforce.

http://www.huffingtonpost.com/2012/11/16/host ...
Bushwhacker

Seattle, WA

#194 Apr 10, 2013
"Some teamsters said"

Did they say it in rounds or read it outta a manifesto ???

" Hostess may have been doomed in the long run..."

Pretty funny, AN AMERICAN WORKER at Hostess says the pension problem was why they struck and the HATERS totally ignore THE AMERICAN WORKER !!!!


"If they had continued to fund the pension, I think we'd still be working there today," said Craig Davis

They're out of work ??? None of them found jobs that actually pay, what they agree to pay ?? Guess, you'll prove this...right ??
non-starter

Saint Paul, MN

#195 Apr 11, 2013
Even knowing Hostess may have been doomed in the long run, some Teamsters said they can't help but feel like collateral damage in the bakers' union's showdown with management.

"We did everything we could to save the company," said Joseph Ortuso, a Teamster and sales route driver from New Jersey who'd been with Hostess or its acquisitions for more than two decades. "We never gave up during bankruptcy. We fought in the marketplace to retain our business. In the end, somebody else made the decision."

"They're losing [5,000] jobs," Ortuso said of the bakers' union, "but they're costing 18,900 people their jobs."

A spokeswoman for the bakers' union, whose website crashed after the news of Hostess' liquidation broke, told HuffPost the union is not commenting to the press. In a statement last week, the union called the strike "an inspiring display of courage and conviction," and after Hostess issued an ultimatum on Thursday, the union released a statement attributing the company's woes to mismanagement rather than its workforce.

http://www.huffingtonpost.com/2012/11/16/host ...
Bushwhacker

Seattle, WA

#196 Apr 11, 2013
"Some teamsters said"

Did they say it in rounds or read it outta a manifesto ???

" Hostess may have been doomed in the long run..."

Pretty funny, AN AMERICAN WORKER at Hostess says the pension problem was why they struck and the HATERS totally ignore THE AMERICAN WORKER !!!!

"If they had continued to fund the pension, I think we'd still be working there today," said Craig Davis

They're out of work ??? None of them found jobs that actually pay, what they agree to pay ?? Guess, you'll prove this...right ??
Bushwhacker

Seattle, WA

#197 Apr 11, 2013
Translation: The battery rework design took less than a month, this is my (non-smarter's) official swallow crap moment. GULP, hey got more, Bushwhacker ?
Bushwacker

Seattle, WA

#198 Apr 11, 2013
What was this last/best/final offer? You'd never know by watching the media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour retirement $$$ forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.

Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.
LIbEralS

Saint Paul, MN

#199 Apr 12, 2013
Bushwacker wrote:
What was this last/best/final offer? You'd never know by watching the media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour retirement $$$ forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.
Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.
Add line worker to the Slew's long list of jobs...
Bushwhacker

Seattle, WA

#200 Apr 12, 2013
What was this last/best/final offer? You'd never know by watching the media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour retirement $$$ forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.

Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.
LIbEralS

Saint Paul, MN

#201 Apr 12, 2013
Add line worker to the Slew's long list of jobs...
Bushwhacker

Seattle, WA

#202 Apr 12, 2013
What was this last/best/final offer? You'd never know by watching the media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour retirement $$$ forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.

Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.
non-starter

Saint Paul, MN

#203 Apr 12, 2013
Bushwhacker wrote:
What was this last/best/final offer? You'd never know by watching the media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour retirement $$$ forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.
Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.
All conjecture without a valid source, resident plagiarist. Even if it was as you say, the bakers' union could have accepted, then those members that could find other work were free to without putting 13,000 other people out of work.
Bushwhacker

Seattle, WA

#204 Apr 12, 2013
Translation: The battery rework design took less than a month, this is my (non-smarter's) official swallow crap moment. GULP, hey got more, Bushwhacker ?

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