No more Twinkies?

Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale.

 


27 comments to No more Twinkies?

  • Buckwheat

    Don’t worry too much. The brands will be sold and someone else will keep on pumping out the twinkies and fruit pies.
    What I’m most bummed about is that I usually buy the animal grade (expired) bread to feed to my chickens. It’s a whole cart load for only $5. Now I have to feed them the old fashioned way.

    • Richard

      I’m willing to bet that whoever buys the brands will only reopen bakeries in right-to-work states. Bye-bye union…

  • xalaskan

    OMG! ..Please let me die and come back as a long haired angoran wood rat!!! LIFE MUST GO ON!!!

  • Anne S.

    It was in one of the Detroit websites this morning. In case another person don’t buy and take it over, for all Twinkie lovers you can find a recipe for them and make your own.

    http://www.topsecretrecipes.com/Hostess-Twinkie-Recipe.html

    There’s other favorites on this website too from different food places, so check it out.

  • Geo

    The Union and Management were in negotiations, the company was looking for a 8% give back on salaries. The Union in their infinite wisdom advised their members NOT to accept it.

    Am I missing the logic in here somewhere? Srsly?

    • Buckwheat

      This is the problem with public sector unions. In public sector the only difference is that the government doesn’t tend to go bankrupt as easily as Hostess. Therefore, the unions can hold out longer and make the public sector pay more for poor performance. In this case the ultimatum is you take the 8% cut or you all lose your jobs and we lose the company.

    • DJ

      Let’s see…employed with 92% of my pay or unemployed with 0%? Tough decision.

      “The Union in their infinite wisdom advised their members NOT to accept it.” So these people who had steady jobs listened instead to their union. I guess they showed everybody! But I’ll bet getting their way doesn’t stop ‘em from bitching.

      “Forward”…

    • ray

      The logic is they had taken several pay cuts over the years while the execs were giving themselves bonuses. The problem is that the company was bought by a firm that borrowed money to pay for the purchase, took their pay and then saddled the company with the loan, thus loading the company with debt, filed bankruptcy, so the employees took a pay cut. Then to get out of bankruptcy, they borrowed money from other places, piled up more debt for doing so, workers took another cut, then they filed for bankruptcy again. Each time they borrowed money, they rewarded the execs, but insisted on pay concessions from the workers. This time the workers said, “no.” Plus in all this, somehow the worker’s pensions were raided.

      The question to those who have issues with unions, you need to answer this question: “What is the least amount of hourly pay you would work for?” (Note: the present federal minimum wage still keeps people at poverty level.)

      • welcome to tortuga

        What is the least amount of union dues you would have to pay living on free Obamastuff? Forwar-D!!! YARRRRGH, where’s me free Obamaphone, mate!!!

      • mu

        I didn’t know Mitt Romney bought them. That strategy is straight out of the Bain playbook.

      • Bella

        Thanks for the further explanation ray. I’ve been a staunch union member all my working life. The losers are the workers, unfortunately. Now both their income and pension is gone. I bet that upper level management will get a huge separation check when they move on to screw up the next company. I’ve seen it happen.

        • ray

          Sadly, I knew not one would answer my question because in their eyes, other people are worth nothing, but they themselves are invaluable (especially when it becomes their turn to collect unemployment). To answer would mean they have to admit to their own selfish attitudes and extreme hypocrisy.

          Plus they can’t face the fact that unions gave them overtime, a 40 hour workweek, vacation, sick days, etc. While unions aren’t 100 percent innocent of transgressions, uninformed people are easily duped into believing it’s always the union at fault.

          BTW mu, it wasn’t Romney who bought them, but another LBO: http://en.wikipedia.org/wiki/Ripplewood_Holdings

          Do take the time to read the Hostess link where you’ll see that a computer company bought into a bakery. Ask yourself if it makes sense for a bakery business to be run by people who wouldn’t know a donut hole from their asshole. So now you have the people who do the actual work of making the product, who are not at fault for managerial incompetence, are being asked to take pay cuts for that management’s mistakes.

          Anyhow, the LBO strategy is simple. Imagine you walk into a bank asking for a multi-million dollar loan for a new home with the only collateral being the home you don’t yet have. They give you the money, then you pocket the money and walk away insisting that the house, not you, now owes the money. It would be a great way to get rich quick for individuals if it were legal. The problem is it’s not legal for real people, but it is for LBOs.

  • xalaskan

    BOO HOOO.. Gone are the good old days! ..I could throw a twinkie into the back of my pickup truck and back up to any house on the block! ..The girls would just pile in! What am I gonna do now?… ohhh, no more dates?

  • Mr. Gray

    Well, score one for the unions… another one for the history books, boys! Put it right next to Eastern Airlines.

    8% cut vs. 100%… that’s no contest in my book. There’s more to it than that but at the end of the day, SOL just in time for the Holidays.

    I wonder how the unions are going to “protect” all 18,500 from financial ruin?

    When you get paid $16 p/hr to do unskilled work (ie push a button on a conveyor belt), STFU and be thankful… If taking a $1 cut means you get to keep the rest of the money and your benefits, do it. Dumb-asses.

  • Jonco

    Having been a small business owner (convenience store) I was never a big fan of unions. I’m not saying they haven’t done some good things but I think they’ve cause many problems too.
    That being said I know for at least 10 years, probably longer than that, that the bread delivery man and cake delivery men from Wonder and Hostess that visited my store were frequently talking about how the company was trying to cut their hours or add more stops to their routes or get some other concessions. I don’t remember hearing much of that from my other suppliers. I know the company has to make a profit to stay in business and maybe the baking industry was more competitive than other businesses. It’s a shame that they couldn’t find a way to do that. The St. Louis plant closed last week.

  • goddess

    A friend lost his job today after 24 years.

    • DJ

      I feel bad for all the other Hostess employees who weren’t members of that striking union. Out of 18,000+ employees, about 5000 were in the union that was on strike.

      • goddess

        He was a union employee, but was not happy with the unions decision. He felt like they were making a broader point at their expense.

  • Deg

    I feel sorry for the loyal employees of hostess, but I am ecstatic that hostess is going out of business. A POS company providing a POS product that compromised the health of everyone I’ve known. Burn in hell hostess, burn in your delicious diabetic hell. ‘Merca

    • Jonco

      Well, now that they’re gone I guess we’ll just live healthy long lives eating vegetables and broiled fish and chicken. Riiiight.

    • Jarrod

      Not so loyal, their greediness is what led to this. They don’t wanna keep their jobs, even their union told them to approve the contract, but they wanted more money. This is the only recourse for the company.

  • crispy

    Here’s the other thing: sell off their brands? Sure. I used to see this kind of thing all the time in a couple of my former jobs. They “sell” the company, basically, to themselves. Then they change the company name and tell all the workers they can come back … as long as (a) they’re not union, and (b) they accept a bigger pay cut than what was offered by the “old” company. Not saying it’s wrong. Just saying that’s probably what’s going to happen here.

    • A L N

      My dad worked for a lumber mill that the owner was offering more then the union was asking for. the union bosses got greedy and went on strike to try to get even more the owner locked the gate went to Hawaii for a month and when he got back he offed his deal again for anyone that wanted to be a non union shop. he treated his employees well just had to get rid of the union.

  • Jarrod

    That’s what happens when you re-elect a Ding Dong.

    • J-Bird

      No Jarrod, we didn’t re-elect a Ding Dong. Mitt lost the election on his own merits. Romney is a dumb ass.

  • xalaskan

    Will we be looking for ‘Chinkies’, ‘Ching Chongs’ and ‘Buddha Bread’ on the shelves soon? Most people can’t buy Union products unless they make union wages, and it is those wages that drives prices up for all of us.
    A female aquaintence of mine had a job holding a ‘slow’ sign at a road construction site. She was making something called Davis-Bacon wages for doing the same job a wooden saw horse could do.. She owned her own house, a new volvo wagon, and a bayliner docked in Seward.
    Somethings wrong here.
    I know there are Union people that will try and justify this with ‘everybody deserves the right to persue the American Dream’, but it’s way above the mean average wage. Also, she wasn’t hired for her above average intellegence or sign holding skills.

    ..oh well, maybe I’m just jealouse. ………..maybe we should all be required to take a ‘How Much Money We Deserve Test’! …..(hahahah ..just joking richard)

 
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