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11-16-2012, 04:39 PM
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#1 |
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Trying to blame the unions and workers after workers have already given multiple concessions. No thanks Hostess.
http://www.huffingtonpost.com/2012/1...n_2145851.html
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11-16-2012, 04:47 PM
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I agree.
The Ladies of the Outlet and their Drivers said they are pissed at a particular group of staff folks that apparently 'would not back off for 3 months' and that the result is all 18,000 employees went down. This was their own personal words.  But. We all know how most Corporations are.  And I just would like to see someone come in a keep the Brand alive and re-open and run the operation proper like.  
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11-16-2012, 04:54 PM
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I have not read anything on this but, this has to be a profitable operation no?
Flour, sugar...we are not talking about expensive ingredients here. What broke down? I bet another company picks this one up. Give it a week or two. When there is a public outcry over a national favorite brand, smart business people listen.
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11-16-2012, 05:08 PM
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Profitable no. Hostess filed for bankruptcy in January, its second trip to bankruptcy court since 2004. It previously emerged from restructuring in 2009 after a four-and-a-half year process. Reportedly, they tried to sell the company outright but there were no takers. Presume the union contracts played into it. Now they are petitioning the bankruptcy court to liquidate assets i.e. sell the brands to other companies which have expressed an interest in them. http://money.cnn.com/2012/11/16/news...ing/index.html I hope they bring back those orange snow ball things. I like looking at them but wont eat them. They remind me of cousin It.
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