A look at Hostess brands
#1 Nov 17, 2012
Hostess Brands, the company that makes Twinkies, Ding Dongs and other desserts, filed for court permission to go out of business ---blaming a worker strike for the shutdown.
The Wall Street hedge fund managers who run the company have squeezed every cent out of Hostess for eight years. And theyve put their friends with no experience in the baking industry in high-level management positions
Whats happening here is a classic Bain Capital-style assaultblame the little guy to cover the greedy corporate policies that are gutting the middle class.
Its not just happening to the workers who make the great products Americans love. Whats happening at Hostess is happening to workers all over this country. Its wrong. And it has to stop.
Crony capitalism and poor management drove Hostess into the ground, not the workers who are now paying the price. In this struggling economy, the greedy corporate executives are willing to let 18,000 people lose their jobsjust so they can pad their pockets.
Hostess' executives are now blaming workers whove offered their company multiple concessions and want it to succeed. This is whats wrecking our country.
Workers have borne the brunt of bad decision-making by executives who didnt know anything about the baking business. And theyre the ones getting fired?
These brave workers need to know we stand with themand well stand with everyone who will take a stand against the corporate race-to-the-bottom.
Hostess workers are being scapegoated because they are standing up to corporate greed.
Hostess' executives are now blaming workers for poor decisions they made that drove Hostess into the ground.Whats happening here is a classic Wall Street tacticblame the little guy so that they can cover their greedy corporate policies that are gutting the middle class. Sign this pledge to stand with Hostess workers and against the tide of corporate greed wrecking our economy. http://act.aflcio.org/c/18/p/dia/action3/comm...
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