U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-12-2012, 06:08 PM
 
1,020 posts, read 3,023,702 times
Reputation: 583

Advertisements

Hostess closing Seattle bakery; 110 workers affected | KING5.com Seattle


I live in seattle and i just saw this. 110 workers affected here, and 627 workers in america. basically the company said that if they strike, they have to close factories down, they are not in good shape financially.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 11-12-2012, 06:36 PM
 
Location: Here.
15,454 posts, read 14,016,181 times
Reputation: 18080
Another company to add to the list of post-election closures.

//www.city-data.com/forum/econo...s-layoffs.html
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-12-2012, 07:05 PM
 
12,869 posts, read 13,680,276 times
Reputation: 4453
that is a terrible shame for those workers of the 3 plants being closed permanently-around the holidays.

i saw where they said that they were having a harder time keeping up with pension costs and the pressure of the "health conscious" movement.

as i said before, every action has consequences. frankly, those unions were endangering those jobs by striking in a recession-and it isn't like the unions weren't warned about the possibility EARLIER:

http://www.sacbee.com/2012/06/13/455...truggling.html


i like hostess products and will continue buying them until they go out of business, although i never was much of a twinkie fan.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-12-2012, 07:22 PM
 
5,604 posts, read 6,445,030 times
Reputation: 7487
I haven't eaten their products in over a decade. The market for baked goods has shifted to upscaled baked goods or health food versions. While there is still a market for cheap baked goods, the market has been shrinking since the 90's. The Paleo and other low-carb diets didn't do it any favors.

Hostess should have had layoffs, when they first filed bankruptcy in 2004. If they do fold up and go under, the federal government will cover the pensions.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-12-2012, 07:38 PM
 
12,869 posts, read 13,680,276 times
Reputation: 4453
Quote:
Originally Posted by move4ward View Post
I haven't eaten their products in over a decade. The market for baked goods has shifted to upscaled baked goods or health food versions. While there is still a market for cheap baked goods, the market has been shrinking since the 90's. The Paleo and other low-carb diets didn't do it any favors.

Hostess should have had layoffs, when they first filed bankruptcy in 2004. If they do fold up and go under, the federal government will cover the pensions.
that brings up another problem:

Last November, the federal corporation charged with protecting Americans’ retirement funds issued an ominous public warning: the amount of pensions at risk inside failing companies had more than tripled during the recession.

The Pension Benefit Guaranty Corporation’s announcement signaled it might need tens of billions of new dollars to rescue traditional pensions paid by U.S. firms whose economic collapse left them unable to meet their retirement obligations to workers.

At the same time, however, the federally chartered corporation was receiving some bad news of its own: for the first time it was going to flunk an independent audit of the way it manages its finances (end)


that's another one the media doesn't want to discuss.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-12-2012, 08:30 PM
 
Location: Here.
15,454 posts, read 14,016,181 times
Reputation: 18080
Maybe if they put some arugula in their Twinkies, Obama will bail them out.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-13-2012, 12:24 AM
 
14,743 posts, read 30,260,053 times
Reputation: 8854
Quote:
Originally Posted by Retroit View Post
Maybe if they put some arugula in their Twinkies, Obama will bail them out.
Get over it.

That's too bad about Hostess. Having lived in metro Seattle, I never knew where their plant was located. But, one quickly learns where Rainier Beer is located, since traffic reports use it as a gauge of sorts, being right next to I-5, and where the intersection with the freeway into West Seattle, causes traffic to ease up.

Please don't let the 2-pack of chocolate Hostess cupcakes with the white frosting on top cease to exist. Those were "standards" in my lunch bag in grade school and high school.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-13-2012, 09:01 AM
 
1,020 posts, read 3,023,702 times
Reputation: 583
Quote:
Originally Posted by move4ward View Post
I haven't eaten their products in over a decade. The market for baked goods has shifted to upscaled baked goods or health food versions.


so true, I cant understand why my friends would buy a 4 dollar cupcake. I sure as hell cant taste the difference.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-14-2012, 05:26 AM
 
Location: Globe Trotter
484 posts, read 756,976 times
Reputation: 498
I hate to see people out of work but - this company makes unhealthy crap.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 11-14-2012, 10:18 AM
 
32 posts, read 141,882 times
Reputation: 42
They are also striking in Peoria Il.....I know the workers are facing large cutbacks but its still better than working at Walmart or Mcdonalds...
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6. The time now is 10:44 PM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top