Twinkies maker Hostess plans to go out of business

Nov 16, 2012 | Posted by: roboblogger | Full story: Reuters

As President Barack Obama and congressional leaders prepared for budget and tax talks on Friday aimed at preventing the economy from falling back into recession, a top Republican vowed to overhaul the U.S. tax code next year.

Comments
481 - 500 of 1,622 Comments Last updated Dec 18, 2012
Face Reality

Rochelle, IL

#518 Nov 21, 2012
Greedy union workers don't seem to know when to be thankful. They stop crying about someone else having more and start managing what they earn.
Face Reality

Rochelle, IL

#519 Nov 21, 2012
They need to stop crying and be thankful when they have a job
Who

Wyoming, MI

#520 Nov 21, 2012
Truth be known wrote:
I live in a very conservative state and let me tell you that their wages here are some of the lowest in the country and its considered a right to work state which means your inalienable rights to arbitration are left at the curbside.
My boss who went from driving a run down vehicle to a Range Rover is whining that he can't afford to run the same automated clock in system (over the phone)and so back to the old system again.
I work for a company that does not compensate you in paid vacations or has no health coverage or sick leave and doesn't offer a pension plan.
For the ignorant fools who like to hold on to the republican tailcoats you are part of the problem.
You better hope one doesn't become homeless because they have nothing to provide the hungry transient which in their short term memory is still considered one of God's children.
Show me where in the constitution it says you're "entitled" to healthcare, paid vacations, a pension plan and/or sick leave?

If you don't like your boss, why are you still working for him?

Sounds to me like you just like to bitch.
OH NO You Did not

Rancho Cucamonga, CA

#521 Nov 22, 2012
Thomas Jefferson wrote:
America was established to provide FREEDOM so its citizens could pursue happiness. America does not exist so that thugs can beat other people up and takeover their business. Unions can strike and businesses are FREE to hire other workers. Go on your way union thugs. Get out of America you criminal unions. One of these days a leader will arrive to take back America. Those will be difficult times.
Interesting!
OH NO You Did not

Rancho Cucamonga, CA

#522 Nov 22, 2012
SWITCH wrote:
<quoted text>THE best thing about this country is the right to move or seek a better job,maybe you should think about your option's.
That is very true, but I think he rather complain.
OH NO You Did not

Rancho Cucamonga, CA

#523 Nov 22, 2012
Face Reality wrote:
Greedy union workers don't seem to know when to be thankful. They stop crying about someone else having more and start managing what they earn.
So true, they need to know to be thankful for their jobs.

Since: Feb 11

Location hidden

#524 Nov 22, 2012
Vance1 wrote:
<quoted text>
Unions have out grown their need in this country
You bigoted mooching parasite. Pick up you deck of draft dodging mooching tea bag losers of 2012 playing cards and get out.

Since: Feb 11

Location hidden

#525 Nov 22, 2012
Face Reality wrote:
You greedy union thugs are full of shiit. You drive the cost of living
CEO paid himself $2.2 million and CEO spent over a BILLION dollars that wasn't his to spend.

Blame the union for not taking yet another round of pay cuts while he was giving himself and other execs raises?

There isn't a tea bagger ion this country that isn't spouting sh!t- worthless panzied-azz crybabies.

WAHHHHHHHHH!

“Sharia, NOT!”

Since: Jul 10

Hampton, VA

#526 Nov 22, 2012
ToManyLaws wrote:
<quoted text>

Oh and sitting behind a desk going to meetinsg doesnt deserve millions a year in wages.
Sitting on your fat welfare azz doesn't deserve tax payer money.
The ADA (a government tool) allows that anyone can have a job. So do pull the whining crap about those not able to work.

“Sharia, NOT!”

Since: Jul 10

Hampton, VA

#527 Nov 22, 2012
barefoot2626 wrote:
<quoted text>
To join a union, you first have to have a job, BOY, and we all know there is nothing that strikes more fear in your mooching fairy soul than the thought of being forced to have to work.
There's YOU'RE racist term! I knew you are a bigot!
Yeah

Mililani, HI

#528 Nov 22, 2012
Who wrote:
<quoted text>
Show me where in the constitution it says you're "entitled" to healthcare, paid vacations, a pension plan and/or sick leave?
If you don't like your boss, why are you still working for him?
Sounds to me like you just like to bitch.
Funny I don't see the Air Force in the Constitution.
xxxrayted

Cleveland, OH

#529 Nov 22, 2012
Yeah wrote:
<quoted text>Funny I don't see the Air Force in the Constitution.
I don't see Church and State or abortions either. The US Air Force is part of our protection which is covered in our Constitution. The defense of our country. Big Bird, The Arts, NPR or PBS are not.
xxxrayted

Cleveland, OH

#530 Nov 22, 2012
"Interviews with more than a dozen workers showed there was little sign of regret from employees who voted for the strike. They said they would rather lose their jobs than put up with lower wages and poorer benefits.

"They're just taking from us," said Kenneth Johnson, 46, of Missouri. He said he earned roughly $35,000 with overtime last year, down from about $45,000 five years ago.

"I really can't afford to not be working, but this is not worth it. I'd rather go work somewhere else or draw unemployment," said Johnson, a worker at Hostess for 23 years."

"They have taken and taken and taken from us," said Debi White, who has worked at Hostess for 26 years, most recently as a bun handler at its bread and roll plant in Lenexa, Kansas.

"They have been walking around stomping their foot saying either you give in ... or else we're going to close you now. Well, go ahead, we're tired of their threats," she said. "That's how we feel."

http://www.reuters.com/article/2012/11/22/us-...
Yeah

Mililani, HI

#531 Nov 22, 2012
xxxrayted wrote:
<quoted text>
I don't see Church and State or abortions either. The US Air Force is part of our protection which is covered in our Constitution. The defense of our country. Big Bird, The Arts, NPR or PBS are not.
lol! No son, it's not. The Navy and Army are covered and even then, the letter of the Constitution is not enforced.

Have you ever read the Constitution? Clearly you don't understand the basics.

“Waytogo”

Since: Oct 09

Location hidden

#532 Nov 22, 2012
Aphelion wrote:
<quoted text>
You’re an idiot. The bakers union deliberately tanked the negotiations:
The Teamsters insisted on numerous concessions from management. The company eventually agreed to give Hostess’s unions two seats on its board, a 25 percent share of company stock and a $100 million claim in bankruptcy. In September, the Teamsters members voted narrowly to approve the deal, 53 percent to 47 percent.
The bakery workers union took a far more adversarial stance.
After Hostess’s unions had agreed to more than $100 million in annual cost concessions during Hostess’s previous bankruptcy, the bakery union thought it made little sense to agree to further cuts. It feared a deal would pull down wages and benefits throughout the industry, without saving Hostess.
“Our consultant said the debt load on the company was too heavy, and that we would be back in bankruptcy and facing liquidation in 12 to 16 months from now, even if we took more concessions,” David B. Durkee, the union’s secretary-treasurer, said.
http://dealbook.nytimes.com/2012/11/19/hostes...
FUX U moron.... The CEO and front office peopel at Hostess have seen 300% raises and massive bonuses in lats ten eyars all why the union workers have seen therew ages go down down,And now the front office wants the workers to take another huge pay cut all why front office gets a raise....SCREW YOU RICH FREAK TRAITORS.....YOU ALL SHOULD BE ROUNED UP AND DONE AWAY WITH......VIVA REVOLUTION....Time for the workers to rise up and take back our nation.

“Waytogo”

Since: Oct 09

Location hidden

#533 Nov 22, 2012
Socialism is for Sissies wrote:
<quoted text>Sitting on your fat welfare azz doesn't deserve tax payer money.
The ADA (a government tool) allows that anyone can have a job. So do pull the whining crap about those not able to work.
I own my own business....What do you do?
Orangelion

Rhyl, UK

#534 Nov 22, 2012
ToManyLaws wrote:
<quoted text>
FUX U moron.... The CEO and front office peopel at Hostess have seen 300% raises and massive bonuses in lats ten eyars all why the union workers have seen therew ages go down down,And now the front office wants the workers to take another huge pay cut all why front office gets a raise....SCREW YOU RICH FREAK TRAITORS.....YOU ALL SHOULD BE ROUNED UP AND DONE AWAY WITH......VIVA REVOLUTION....Time for the workers to rise up and take back our nation.
Its Obamas fault. He is increasing taxes for everyone so Hostess ends up having to use cutbacks in wages and invest in the prices of the bread.
xxxrayted

Cleveland, OH

#535 Nov 22, 2012
Yeah wrote:
<quoted text>lol! No son, it's not. The Navy and Army are covered and even then, the letter of the Constitution is not enforced.
Have you ever read the Constitution? Clearly you don't understand the basics.
The President is obligated to defend the citizens of this country. How would we protect ourselves without a military or special services? You don't understand the basics.
xxxrayted

Cleveland, OH

#536 Nov 22, 2012
Orangelion wrote:
<quoted text>
Its Obamas fault. He is increasing taxes for everyone so Hostess ends up having to use cutbacks in wages and invest in the prices of the bread.
I think like the housing crisis, there are a lot of hands in the cookie jar:

Did Congress kill the Twinkie? The tariff tale behind the Hostess demise.

It’s the end of a lunchbox era as baked icons such as Twinkies, Hostess CupCakes, and Wonder bread face extinction amid a contentious labor dispute, which ended Friday in the declared liquidation of Hostess Brands Inc., the Texas-based confectioner.

So far, Big Labor has gotten the brunt of criticism for the demise of Hostess, since the Bakery, Confectionery, Tobacco Workers ,and Grain Millers union refused, despite warnings from fellow union heads, to return from strike at some 20 facilities nationwide. That forced CEO Gregory Rayburn to declare, after two rounds of bankruptcy proceedings, that “it’s over.”

Yet as the political recriminations echo amid news of 18,500 lost jobs in an already sluggish economy, some economists suggest that Americans shift their blame from Big Labor to the role Congress might have played in writing the Twinkies’ obituary.

And that, economists say, may come down to one sweet little word: sugar.

Since 1934, Congress has supported tariffs that benefit primarily a few handful of powerful Florida families while forcing US confectioners to pay nearly twice the global market price for sugar.

One telling event: When Hostess had to cut costs to stay in business, it picked unions, not the sugar lobby, to fight.

“These large sugar growers ... are a notoriously powerful lobbying interest in Washington,” writes Chris Edwards of the Cato Institute in a 2007 report.“Federal supply restrictions have given them monopoly power, and they protect that power by becoming important supporters of presidents, governors, and many members of Congress.”

Such power has been good for business in the important swing state of Florida, but it has punished manufacturers who rely on sugar in other parts of the United States, the Commerce Department said in a 2006 report on the impact of sugar prices.

http://www.csmonitor.com/content/view/full/60...
Yeah

Mililani, HI

#537 Nov 22, 2012
xxxrayted wrote:
<quoted text>
The President is obligated to defend the citizens of this country. How would we protect ourselves without a military or special services? You don't understand the basics.
lol! It's in the Constitution son! And clearly, you've taken the lead in interpreting what "defending" means by adding "special services."

Besides, the president also has an obligation for the welfare of the people.

It's there. Really.

You obviously don't respect the ENTIRE document. Just those pieces you like!

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