Better than municipal bonds in cities ran by Democrats.
Hmm, about their “union busting” tactic, and the fact somebody will probably take over the product line. Gee, is Bain Capital in the background? Amazing how a product line that’s always moved off the shelves has a problem making money. Yep, that’s the Bain model all right.
There comes a point where workers shouldn’t have to absorb a 30% pay cut and lose your medical just because management can’t run a company. Any bets as to which direction the management’s salaries and benefits have been going? There’s a reason that 90% of the benefits of Obama’s recovery have gone to the top 1%. It’s called putting greed ahead of the health of the company. The nice thing about liquidation and selling off the brand names is that the union workers who built the product get zero percent of the profits, it’ll all go to management.
trout up to his usual defending the devil posts.-1.Hostess sales were down because of the sugar content of their products….if a buyer comes up with less sugar items that taste as good, and goes Union-less, a “new” biz could succeed with higher sales volume. (more and more Americans are being diagnosed with diabetes….I am one and we need more products (like Dairy Queen ice cream) that we can safely eat)-2.the Union had rules that pushed Hostess’ cost of doing business up, up, up….like requiring 2 people to do the job of l, like the “driver” couldn’t carry in the product to fill shelves, and a truck could not carry bread and Twinkies at the same time.then there were wages and perks and pensions….-3.Unions did in American steel makers and state pensions for teachers, police an firemen…..Illinois is case in point.
Hey, the board of directors at Hostess only gave themselves a 75-200% raise earlier this year! They must have been doing great!
I used to go to the equipment auctions of companies that were being liquidated. Some of those bankruptcies were from mismanagement; many were a result of union action. These companies are not moved, just dismembered and dispersed. Management gets no benefit and their jobs are lost. The troops’ jobs are lost. The only people benefiting were people like me who could go in and pick up million dollar equipment for five or ten cents on the dollar.
To bad Hostess didn’t bother to break into under served markets such as sugar free and or dairy free snacks. I used to love Hostess products but haven’t been able to eat them for years due to an allergy.
HAAR! My dad was a master baker, when “Wonder bread” came out he couldn’t say enough negative about it. Hostess has long ben “anti-unon”. About six years ago they shut down their operations center about 100 miles from here, rather than even attempt to negotiate, doing the same thing today. BTW, twinkies, ho-hos, Hostess cupcakes, and other items are produced on about the most mechanized and automated lines in the food industry. There weren’t that many “workers” left anyway. The simply had bad management, which IS the “Bain style”.
braindead08 said, 1 day ago“@disgustedtaxpayer ….I am one and we need more products (like Dairy Queen icecream) that we can safely eat)-What’s in DQ ice cream that makes it safe for diabetics?”-bless your little “deadbrain” question….I was trying to say that along with a new Hostess buyer’s changeover to sugar-free for all the US diabetics who like sweet foods, I would like for the currently FULL OF SUGAR Dairy Queen icecream, to also changeover to SUGAR FREE. My focus was on business changeovers, I didn’t mean that Dairy Queen has safe for diabetics treats NOW.-Hostess was an 82 year old business and it is a shame and a pity that unions are allowed to put formerly profitable businesses OUT OF BUSINESS. I would be ashamed of the Union if I was a union member….18,500 Hostess jobs plus supporting businesses, I heard the total will be 145,000 new JOB LOSSES.