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The union that brought the 85-year-old baker of Twinkies and Wonder Bread to its knees is holding out hope that a buyer will salvage chunks of the company and send the union's members back to work, even as Hostess Brands Inc. gears up for a fire sale.
My understanding is there is a Mexican Billionaire looking to buy the twinkies brand to manufacture and sell them.
There are several Bakeries interesting in the twinkies brand, only One company has expressed interest in Hiostess, not ALL the bakeries, I hope they refuse to hire the Baker's union people.
Union fairyland While Hostess has said the shutdown would result in the loss of more than 18,000 jobs and place the fate of more than 30 American brands in jeopardy, union President Frank Hurt said he believed there was "more than a good chance" that a buyer quickly would swoop in to buy the profitable parts of the company and give his union's members their jobs back.
Reality... "Nobody wants to have anything to do with these old plants or these unions or these contracts," Rayburn said in an interview. The company had hunted for buyers for the last several years as it tried to avoid a second trip into bankruptcy, but no buyer came forward.
Hey unions - we can't afford the high demands anymore. Sorry we can no longer support the money laundering operation. You will continue to put people out of business as long as you demand how owners compensate the workers.
if i had the money, i would buy up the recipies and the brand names, but nothing else. i would then contract with bakeries in various areas of the country to make the products, and use independent distributors to sell the products like archway does.
Location: Just transplanted to FL from the N GA mountains
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Originally Posted by rbohm
if i had the money, i would buy up the recipies and the brand names, but nothing else. i would then contract with bakeries in various areas of the country to make the products, and use independent distributors to sell the products like archway does.
You can still get archway? I haven't been able to find Archway cookies in a long, long, time.
My understanding is there is a Mexican Billionaire looking to buy the twinkies brand to manufacture and sell them.
There are several Bakeries interesting in the twinkies brand, only One company has expressed interest in Hiostess, not ALL the bakeries, I hope they refuse to hire the Baker's union people.
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The Mexican billionaire will not be hiring union labor. It's doubtful any new buyer would hire union personnel at least not enough of them to organize yet another union.
I think this would be a perfect opportunity for deep pocketed liberal to buy the whole company and run it as some sort of experiment.
It will end up getting sold. The Street article points out the action is not to get rid of the union as much as it is to get rid of the pensions. Without the pension obligation the whole deal becomes much more salable.
This thread is just another union bashing thread, and please spare anyone on this site the tripe that you guys care. The fact is this company went bankrupt once before, got bought out by a venture capitalist who in turn profited from this company WHILE the Ceo's kept giving themselves bigger and bigger bonuses while the company was hurting. Not only this but after the 1st bankruptcy the unions took a 30% pay cut as well as a cut to their benefits. The biggest factor for the company going out of business was demand, nowadays with people eating healthier and with places like wal-mart around people are finding sweets from other countries that are cheaper.
This was the real downfall of hostess not the unions, but the simple fact they cannot compete in todays market because no one really eats there food any longer. It's a shame for all the people of that company that are or will be losing there jobs but hopefully they will come out of this fine. And for those barbarians on this site cheering there job losses as a good thing. May you never go without a job yourselves, you sad pathetic small minded monsters.
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