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Labor Unions Kill the Twinkie and 18,000 Jobs

Illiniman Wrote: Nov 16, 2012 12:38 PM
The Bakesr Union, 30% of the Hostess work force said no to the offer. The Teamsters and others said yes. The Unions would have to take a pay cut, but would have received seats on the Board and a 25% stake in the company. Becky Quick interviewed the CEO on CNBC this morning. No BS, no union bashing. He actually praised the Teamsters. This is clearly a situation where unions could not unite and because of this and previous crappy management, union workers AND management workers all paid a steep price.
Joseph64 Wrote: Nov 16, 2012 4:53 PM
Unions should NEVER have stock in or seats on the board of any company. They CANNOT represent both sides fairly. They will always screw over the shareholders and give the workers huge contracts that the company cannot afford to pay for.

Labor Unions have officially killed off the Twinkie. The company that makes the yummy treat announced today they will start to downsize operations (a.k.a. fire people) as a result of a long battle with union workers.

Hostess Brands Inc., the bankrupt maker of Twinkies and Wonder Bread, said it had sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.

Hostess said a national strike by members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that began last...

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