Bad news for Hostess...is great news for Little Debbie! Free market, baby. Free market. Twinkies are mostly preservatives anyway. Tastes come and go; get over it Repubs.
I am beginning to think unions have sent more jobs across the border than NAFTA.
If Grupa Bimbo is the successful bidder, a large percentage of the product will be made in Mexico. For more northen regions, they will likely move the equipment to a more business friendly area. The BCTWGMI union says the product will be made by their members - not likely. They may try to organize the new sites, but who in their right mind would join a union that just threw away 6000 members.
And has anyone bothered look at the union president behind this? Frank Hurt makes $262,000.00 per year and his top 10 executives all make over $150k. None of them have ever taken a pay cut and they all get to keep their jobs. At least Hurt got to make his point. In the old days, the Teamsters would be planting him next to Hoffa.
Congratulations, union thugs. You just destroyed another business that employed thousands of Americans. Now 18 500 workers have to compete for jobs in Obama's America, flooded with legal and illegal foreign labor--and more coming every day. If the union thugs had their way, they would turn all of America into one big Detroit. It's a good thing they have not been able to infiltrate too much into the hi-tech sector so at least they can't do to the industries of the future, what they have done to America's older industries.
aintfakin replies: why do hypocritical right wingers always crap on the free market and the freedom of the citizens in this country?
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Free Markets? Is that what you call this? How about the freedom of the citizens that own the company? How about the freedom of others to work for a company without having to belong to a union to work for living?
Forcing individuals to work for a union is not freedom.
Forcing a company into bankrupcy is not freedom.
Why couldn't the company have the freedom to hire able body individuals to work for what ever pay they are willing to work for?
The vultures came in and gave themselves 60%-300% raises, then pled poverty when it came to the workers. The CEO is paying himself over $2 million. If the company is failing under his leadership, how is that justified???
Next they'll steal the pension money, sell the assets (like the recipes and trademarks) and keep all of that, too.
The unions brought down a company because the union would not compromise, now the union workers are out of work. Whoever is in chare of these unions will be out of union employees soon if you keep this up. Its hard to collect union dues if everyone in the union is unemployed.
I hope they sell the "OLD" recipe and not the awful new recipe they introduced about 20 years ago. I predicted the downfall of the company THEN: how could they possibly think that the gummy, tasteless cake with the Twinkie wrapper was any kind of substitute for a REAL Twinkie? I am not the ONLY person who noticed.
I actually threw that box of Twinkies away and never bought them again. IMO, they deserve the problems they brought upon themselves, serving inferior products.
I just hope somebody saved the original recipe for Twinkies.
This is not the 1950's and Hostess has fallen in popularity and nutrition circles for several decades. My kids have no idea what a Twinkie is. they also have no exposure to Little Debbie,Dolly Madison, or Tasty Cakes products.
Even for sweet useless products, the Hostess line has not had a new idea for at least 30 years.
It's on the shelves. We don'thide them from the kids.....they just look for other types of treats.
"Management missteps were another problem. Hostess came under fire this spring after it was revealed that nearly a dozen executives received pay hikes of up to 80 percent last year even as the company was struggling." Typical American 'management' (oxymoron).
How sweet it is that Twinkies and such will now be made in Mexico by Mexicans who can't afford to buy them. Thanks to 18,500 union bulls who are now all out of work and on the dole. Will they be able to buy a made in Mexico Twinkee with food stamps? wait & see. Another great triumph for the union. Long live the union. GMAB.
It is about cheap labor, how are you going to sell that $300k house for $500k without good incomes for lots of people. That is what sub prime was all about. Instead of creating good jobs that paid well, they lowered the loan standards....duh!
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If Grupa Bimbo is the successful bidder, a large percentage of the product will be made in Mexico. For more northen regions, they will likely move the equipment to a more business friendly area. The BCTWGMI union says the product will be made by their members - not likely. They may try to organize the new sites, but who in their right mind would join a union that just threw away 6000 members.
And has anyone bothered look at the union president behind this? Frank Hurt makes $262,000.00 per year and his top 10 executives all make over $150k. None of them have ever taken a pay cut and they all get to keep their jobs. At least Hurt got to make his point. In the old days, the Teamsters would be planting him next to Hoffa.
____________________
Free Markets? Is that what you call this? How about the freedom of the citizens that own the company? How about the freedom of others to work for a company without having to belong to a union to work for living?
Forcing individuals to work for a union is not freedom.
Forcing a company into bankrupcy is not freedom.
Why couldn't the company have the freedom to hire able body individuals to work for what ever pay they are willing to work for?
Next they'll steal the pension money, sell the assets (like the recipes and trademarks) and keep all of that, too.
Hostess wasn't killed by greedy workers.
It was Bained.
I actually threw that box of Twinkies away and never bought them again. IMO, they deserve the problems they brought upon themselves, serving inferior products.
I just hope somebody saved the original recipe for Twinkies.
Even for sweet useless products, the Hostess line has not had a new idea for at least 30 years.
It's on the shelves. We don'thide them from the kids.....they just look for other types of treats.