kenneth416 Wrote:
Nov 24, 2012 12:02 PM
I mourn the loss of Twinkies (despite the fact that I am already 20 lbs overweight and my doctor has cautioned me to watch my diet). But it would seem to me, a former CPA and accountant, that an enlightened management could reorganize via Chapter 11 of the Bankruptcy Code, and offer a reduced wage and benefit package to all existing employees who wanted to work, and hire new workers as needed. They could insist on flexible work rules and simply REFUSE to accede to pressure brought by unions to require restrictions on management. If the workers do not agree, then they could go elsewhere to work. Incidentally, it would appear that the Hostess brands have price flexibility, as they are well known and popular brands.