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Although my mom could not usually afford Hostess snacks, I loved them as a child on the seldom occasions that I could get my hands on them. I suppose the Hostess employees will miss the company more than me.
There are other companies that make sugary snack cakes and most of them have similar products and knock-offs. It is not like they will disappear from the market. We've got Little Debbie Cakes around here, and for all I know, they sell nationally. They sell products that are very similar.
Not feeling the sympathy for employees who went on strike against a company that was barely scrapping by. They were warned that the company would close if they didn't go back to work, but apparently they didn't feel that they had any responsibility for generating income and did not comprehend that companies don't stay open without income.
I wasn't allowed any of this "food" (heehee) growing up, but when I did try twinkies at a friend's house I hated them. Same with those chocolate cupcakes. Blech. But I confess I loved Ding Dongs whenever I had a chance to have them (always behind my mom's back). I haven't had one in years and I'm guessing it wouldn't be the same now. I won't really miss it.
Not feeling the sympathy for employees who went on strike against a company that was barely scrapping by. They were warned that the company would close if they didn't go back to work, but apparently they didn't feel that they had any responsibility for generating income and did not comprehend that companies don't stay open without income.
The view from the other side: A Venture Capitalist bought the Hostess debt, knowing they could get their money back by breaking up the company and selling the assets. They were willing to keep the company running only if they could get the workers to agree to massive cuts in pay and benefits, including the company's pension obligations. When some of the workers said "No, those cuts are too deep," the VCs pulled the plug. Of course they want to blame it on the union, but this was in their playbook from the beginning. And all those lost jobs are just collateral damage.
And yes, the reason for Hostess being in trouble in the first place was declining sales. That kind of high-carb sugary snack is way out of fashion, especially for feeding to kids, although it is still popular enough among adults to have a reasonably strong future. Had they been managed well, and necessary cost savings been found on an ongoing basis, I have no doubt the company could have survived.
As it is, the Trademarks and recipes and all will be sold off to another company, who will bring them back to great fanfare, I am sure. There is simply too much affection for them by consumers to disappear just yet.
funny how all these lay offs are hapening after the election..it is sad people losing jobs,,
but most people dont care,,,as long as the checks keep coming
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