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The reason the pensions cannot be touched according to the unions is because they have already stolen that money. Same scam as SS they run with their union pensions.
Because anyone in their right mind would buy a Hostess brand post-liquidation and be stuck inheriting oppressive union contracts instead of waiting for the liquidated brands to hit the market and pick up the assets and resources without being bogged down with union ties.
If this is what happens when unions win, I would hate to see what happens when they lose.
I wonder what the union employees were being paid, and what a fair wage would be for the same job for non-union employees. Does anyone here have any idea? I'm curious.
I wonder what the union employees were being paid, and what a fair wage would be for the same job for non-union employees. Does anyone here have any idea? I'm curious.
According to national statistics for teamster wages and bakers union wages vs non union, teamsters were paid about 26% more than non-union for Hostess's truck drivers, and bakers paid 49% more than the national average for bakers.
According to national statistics for teamster wages and bakers union wages vs non union, teamsters were paid about 26% more than non-union for Hostess's truck drivers, and bakers paid 49% more than the national average for bakers.
Source?
And this of course would be before the 30% cut on the first bankruptcy?
I doubt anyone who ventured any of their own money or "sweated to make payroll" for this company is still living, as it was founded in 1930. Same can be said for most huge corporations - executive level management is hired to do a job and are employees, so it is highly disingenuous to compare management of a long-established company to an entrepreneur.
At least guys like Andrew Carnegie and other tycoons from 100+ years ago could say they built the company from the ground up - most of what we have today are whiny managers who boarded well after the hard work was already done and systems, customer base, etc. were established, yet expect to be treated as if they are geniuses somehow wholly different from the commons workers actually doing the work of building and selling the product.
When things like this happen, though, there is usually enough blame to go around, as they are problems decades in the making.
And this of course would be before the 30% cut on the first bankruptcy?
look on the teamsters and national baker's union's websites, and look up government issued statistics on salaries for non union. It isn't rocket science. Are you seriously hinting that union employees aren't paid disproportionately more than non-union?
And yes, this is current salary averages as of today.
Last I heard (11.19.12 @ 21:40 CDT) is not one of the prospective buyers would hire union workers back...
Makes a lot of sense, why rehire the people and organizations that put the original company out of business?
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