In response to:

Labor Unions Kill the Twinkie and 18,000 Jobs

Steve of CA Wrote: Nov 17, 2012 4:56 AM
From the Chicago Tribune article linked by Katie: "The union accused Hostess in a statement of making unreasonable demands, including wage and benefit cuts of roughly 30 percent for workers, while top executives of the company received large pay raises. "'The crisis facing Hostess Brands is the result of nearly a decade of financial and operational mismanagement that resulted in two bankruptcies, mountains of debt, declining sales and lost market share,' said Frank Hurt, the union's president. 'The Wall Street investors who took over the company after the last bankruptcy attempted to resolve the mess by attacking the company's most valuable asset; its workers."'
Steve of CA Wrote: Nov 17, 2012 4:59 AM
So maybe it is not the workers but the "top executives of the company [who] received large pay raises" who are primarily responsible for this potential mass layoff.
HongKongCharlie4 Wrote: Nov 17, 2012 7:40 AM
Quite possibly, but putting things in perspective one would need to know that the base salaries were and the size of the raise. Don't forget the workers had raises also. It was in their contracts. I for one am curious as to the salaries of the Union Pres. and VP's and just how many there are of them.

HKC
haferba Wrote: Nov 18, 2012 7:30 AM
Yep, vulture capitalists help dismantle another company.

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...

Related Tags: Labor Unions twinkie Hostess