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Twinkies maker
continues plans to liquidate

CBS News & Associated Press, by Staff

Original Article

Posted By:zephyrgirl, 11/20/2012 10:53:12 PM

New York - Hostess Brands lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can shutter its operations. The renewed talks between Hostess and The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union came after the company declared last week that it would move to wind down its business and start selling off its assets in bankruptcy court.

Comments:
Don´t despair - Hostess will sell their brands to non-union producers. There´s still a lot of money to be made selling junk food.

Please note source & byline. Also, missing dateline & first sentence. LCom Staff.

      


Post Reply  

Reply 1 - Posted by: Mike PHX, 11/20/2012 11:01:02 PM     (No. 9026813)

Dare we hope that a new non union-burdened company will be able to produce the fruit pies of old?
Forget Twinkies. I want my hand held fruit pies.

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Reply 2 - Posted by: Italiano, 11/20/2012 11:04:46 PM     (No. 9026816)

Too bad, guys. Maybe your union bosses will invite your families to Thanksgiving dinner.

Don´t wait by the phone.

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Reply 3 - Posted by: MtGardenerview, 11/20/2012 11:13:27 PM     (No. 9026822)

Groupo Bimbo, the Mexican bakery giant is the most likely buyer, they already own a lot of the American bakery industry.

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Reply 4 - Posted by: Salt5792, 11/20/2012 11:13:44 PM     (No. 9026824)

Unions are a blight on the world. Like locusts or the Black Death.

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Reply 5 - Posted by: killerbee, 11/20/2012 11:41:09 PM     (No. 9026851)

#3: I doubt anyone but a foreign company could buy it and not be blocked from producing in some way. Obama doesn´t like his precious unions to lose -- his administration has already declared itself all about revenge. If Mexicans buy it, there´s a chance they´ll be up and running in no time. The question is, will they produce anything in the US so some Americans can have those jobs?

Unions, in their current incarnation, are evil. Will we ever be shed of them?

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Reply 6 - Posted by: KTWO, 11/20/2012 11:51:42 PM     (No. 9026858)

Apparently no one budged one inch on their offers. Otherwise a mediator would have kept the meetings going for at least another day.

Good. Don´t fool around and prolong agony.

The mediator´s report, if any, could be interesting.

I hope the judge also acts promptly.



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Reply 7 - Posted by: mackrand, 11/21/2012 1:28:54 AM     (No. 9026902)

Did the union even show up for the talks?

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Reply 8 - Posted by: MissMann, 11/21/2012 2:13:13 AM     (No. 9026923)

Please don´t flame me--I´m looking for good arguments for the inevitable Thanksgiving arguments!--what is the answer to the complaint that rather than re-invest the union concessions back into the company, that money went out the door to investors and management pay and perks?

I would be fine if the unions disappeared tomorrow, but I am beginning at least understand where the other side is coming from and want to have a solid response.

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Reply 9 - Posted by: Spidey, 11/21/2012 3:04:20 AM     (No. 9026927)

All Hostess people should be allowed to vote on the company´s offer,not just the union thugs who are puppeted by Trumka.For all we know the entrenched idiots that will cost these people jobs are on the union payroll and their checks will keep rolling in.

There´s an old saying about never quitting a job unless you have a new one to go to.Apparently these people never heard of that.

Jobs have become academic in Obamaworld.

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Reply 10 - Posted by: ho72, 11/21/2012 4:13:28 AM     (No. 9026949)

"I am beginning at least understand where the other side is coming from and want to have a solid response."

You´re looking in the wrong place.

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Reply 11 - Posted by: Blackeagle, 11/21/2012 5:41:52 AM     (No. 9026994)

To answer the above question: Hostess has been on life support for years. Outside, mostly hedge fund, money ($100 millions) has been poured into the fracas and essentially wasted. So the argument that the company was bled dry by predatory investors doesn´t hold up.

My guess is that the union wanted to preserve its perks, etc. in face of a changing industry where uber-junk food such as Twinkies has lost market share. The Teamsters saw the handwriting on the wall and compromised - but not the bakers´ union.

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Reply 12 - Posted by: JLoophole, 11/21/2012 5:59:12 AM     (No. 9027020)

#8, it´s a good question. I wondered the same thing. I did a little research and found this article from July of this year: http://management.fortune.cnn.com/tag/gregory-rayburn/

It´s very interesting, doesn´t take sides, and explains the background of how Hostess got mired in 1B (yes, 1Billion) in debt. You´ll be the best-informed person at the table. =)

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Reply 13 - Posted by: JLoophole, 11/21/2012 6:04:48 AM     (No. 9027030)

Sorry for the double post, but the article I mentioned above will also tell you all you want to know about Hostess´ ties to the Democrat party and Dick Gebhart´s consulting firms place in all this...

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Reply 14 - Posted by: Crosscut, 11/21/2012 6:31:02 AM     (No. 9027053)

Twinkies hadn´t tasted the same for years like how they tasted originally. Many of these former employees will now spend the rest of their lives living on foodstamps and charity. Their union bosses won´t. Some will begin the process to get on disability to bridge them over to Social Security.

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Reply 15 - Posted by: ocjim, 11/21/2012 6:46:19 AM     (No. 9027072)

C´mon, now. Someone buy them out, already. I got da Snowball Jones.

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Reply 16 - Posted by: NancyD, 11/21/2012 6:52:25 AM     (No. 9027083)

I was planning on placing their Cherry and Apple pies on every guests plates for Thanksgiving! I can´t make a pie as good as those. Dang unions...

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Reply 17 - Posted by: pineledger, 11/21/2012 7:02:25 AM     (No. 9027101)

Aren´t unions the greatest!!!

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Reply 18 - Posted by: lingillen, 11/21/2012 7:08:30 AM     (No. 9027107)

Did anyone watch ´The Five´ on FOX, this week? Greg Gutfeldt liquidated four twinkies and some milk in a blender and passed around the twinkie shake. The three others took a sip and pronounced it delish. Bob Beckel grabbed the glass and chugged it. Within minutes he had to make an emergency run from the set, experiencing serious, emergency, twinkie shake overload. Too funny!

H-m-m-m, bet this would be good with a shot of brandy.

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Reply 19 - Posted by: Ragenrylie, 11/21/2012 7:47:19 AM     (No. 9027159)

#8 - the answer in general is that business owners ultimately need a return on investment! That´s why they created or bought the company in the first place, otherwise it´s just a hobby, not a business.
The business owns all the assets and the jobs belong to the business NOT the individual or the union. Who cares what compensation the employees ´used´ to receive! Today´s reality dictates what wages they can afford to pay and I´m sure they´d have no problem finding people that want those opportunities. At some point a business needs to cut losses and do what they can to salvage some return on investment. Only an idiot would keep paying unsustainable salaries until nothing was left of their investment. And, ironically, these owners are all big liberals, believe it or not

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Reply 20 - Posted by: MOBeef4u, 11/21/2012 7:51:18 AM     (No. 9027165)

Little Debbie makes Golden Cremes (?) and fruit pies that I think compete very well with the Hostess versions. They are made in Gravette (pronounced gravit, a as in hat) Arkansas. Pretty sure non-union. A plus is that we can shop at the outlet store there. Good and cheap.

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Reply 21 - Posted by: Maybeth, 11/21/2012 8:09:07 AM     (No. 9027202)

Union leaders who drove the Hostess employees into joblessness, are in panic mode, as they are beginning to realize that thuggery and threats have ceased to work.
.... I wonder how long it will take before unionized workers turn againdy ´the bosses´ ... those who have securely lined their own pockets with employee cash and are NOT worried about their own personal future.

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Reply 22 - Posted by: Mr. Hanky, 11/21/2012 8:11:24 AM     (No. 9027208)

Here you go #8...read here:

http://www.foxbusiness.com/investing/2012/11/19/death-twinkies-union-contract-hit/



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Reply 23 - Posted by: LZK, 11/21/2012 8:18:58 AM     (No. 9027224)

Obviously the unions don´t learn from example....

Unions are the death of a private company. Their union bosses (who vacation in the Bahamas and fly in to DC to visit the White House) don´t care about the rank and file.

The protest at Walmart and Target regarding working on Black Friday´s pre/Christmas sales is just another attempt to intimidate the companies. The union bosses want the unions in these two stores especially for the "union dues" -- not for the workers....

They could learn a few tricks from revrump jessie jackson sr. -- who manipulated/intimidated Budweiser to hire his children with high paying jobs to do "nothing" -- and he manipulated/intimidated the demorats in Chicago to give the job of representative to his son, jessie jackson jr. (who´s going to jail for fraud)....

Duhhhhhhh!!

LZK

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Reply 24 - Posted by: Rama41, 11/21/2012 8:28:38 AM     (No. 9027249)

#That old saying is a prime example of the First Law of Wingwalking.

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Reply 25 - Posted by: Rama41, 11/21/2012 8:29:53 AM     (No. 9027253)

#24 should have referenced #9. Sorry.

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Reply 26 - Posted by: lazlototh, 11/21/2012 8:37:36 AM     (No. 9027272)

I´m with #1. I want the pies. I´ve been known to ride a bike 10 miles just so I could eat one of them - I always called them "chemical pies" - not a natural ingredient in them, not a thing that is good for you, and absolutely delicious in the crudest, most lowbrow, wonderful way. I know the 10 miles of the bike ride didn´t make up for all of that but it at least offset the calories, and I know from eating them that I would have died regretting NOT eating them more than regretting the calories and other detriments from eating them.

So take that, Ms. Obama!

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Reply 27 - Posted by: trapper, 11/21/2012 9:22:40 AM     (No. 9027363)

There is nothing mysterious or sinister or particularly unusual about the demise of Hostess. This has all happened before. Nothing has changed, and nothing about this will ever change. Everything you need to know:

http://www.youtube.com/watch?v=MfL7STmWZ1c

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Reply 28 - Posted by: planetgeo, 11/21/2012 10:32:45 AM     (No. 9027518)

The very concept of a union is fatally flawed...pay everyone the same regardless of level of effort or skill. Superior workers are underpaid and in fact restricted in their efforts by union rules (threatened even to slow it down). And lazy, inferior workers are overpaid and protected from termination. Unions create built-in waste and inefficiency, and over time they become parasites that consume their host...in this case, their Hostess.

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Reply 29 - Posted by: Butch59, 11/21/2012 10:44:10 AM     (No. 9027543)

It´s beyond belief that unions will celebrate the closing of an industry because they will not cave into their "demands" for higher pay and benefits. Just what do they gain by doing so? A feel good felling that they were able to take down a company? At what cost? So that thousands will be out of a job with not much hope that another one will appear? The mind set of unions is simply beyond my comprehension. But, rest assured, the union bosses will not be thrown out on the street. They receive their high paying salaries from the union treasury that is supplied by workers dues. Isn´t that just peachy!

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Reply 30 - Posted by: NotaBene, 11/21/2012 11:01:48 AM     (No. 9027579)

No problem, President Obamaphone will give the 18,000 unemployment benefits for a couple of years then followed by permanent disability so they do not foul up the Department of Labor statistics before Billary´s election. Probably some will find work as Social Workers, Community Organizers or Soup line servers.

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Reply 31 - Posted by: tjdard, 11/21/2012 2:15:54 PM     (No. 9027965)

#3 I heard this am on the radio that Bimbo is a great bakery. They have thier own version of Twinkies. Serves the Unions right but only the workers will be hurt. None of the bosses lost thier jobs.

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Reply 32 - Posted by: Kismet, 11/21/2012 2:18:42 PM     (No. 9027969)

#29, bought a little blue corvair in 1967, loved that car. Moving foreward to 2012, no more pink snowballs, life is just getting too boring. ps I hate democrats.

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Reply 33 - Posted by: mickturn, 11/21/2012 2:26:07 PM     (No. 9027978)

If I had the cash I´d buy it, and here is the recovery plan.

1. Move the entire operations to Texas, favorable city is whoever gives us the best deal.

2. Unions are GONE, no one that now works there and wants a union would be welcome, but anyone that wants a job can come to work with us.

3. Start an Employee Stock Ownership plan so all that work there are owners not union scum.

4. Invite investors to participate, I´d have to be very selective...no Libs welcome, period!

5. Build a new plant, move all equipment there, no union movers welcome.

6. Sell to all comers except for businesses in states that are Lib run. No Twinkies for you!

7. Count the profits with both hands and my feet!

Anyone Interested?

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Reply 34 - Posted by: wexfordcounty, 11/21/2012 3:26:47 PM     (No. 9028068)

I don´t care, just don´t mess with Little Debbie products or I´ll raise bloody hell. Particularly fond of their blueberry muffins.

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Reply 35 - Posted by: RTC60, 11/21/2012 4:24:47 PM     (No. 9028151)

I always knew that Twinky was a bimbo.

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Reply 36 - Posted by: bighambone, 11/21/2012 5:53:52 PM     (No. 9028265)

If the Mexican Bimbos purchase the Hostess brands and decide to produce items in the USA, there is nothing to say that they have to hire American workers, as there are millions of illegal alien Mexicans here with Obama work permits who would be pleased as punch to get a job at a non-union bakery in this country. Of course that is besides all the Mexican bakery management people that they could bring in to run the shop.



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Reply 37 - Posted by: O.S. Banker, 11/21/2012 10:02:02 PM     (No. 9028584)

Unions can ad value particularly in the skilled trades. But the secret is that they cannot be hide-bound to the past. Some of the unions have figured this out (Pipe Fitters and Boiler Makers come to mind) but many are still operating li,e it is 1955. Also, we need to eliminate payroll with-holding for taxes and union dues. When the recipient writes the check, they are much more diligent in evaluating the quality of the product or service.

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Reply 38 - Posted by: flatwater, 11/21/2012 11:08:42 PM     (No. 9028667)

So, the unions just managed to "outsource" 18,500 jobs....

Oh, the irony.

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Reply 39 - Posted by: Dems R Dumm, 11/22/2012 11:32:03 PM     (No. 9030042)

Every company staffed by union goofs need to keep enough cash on hand to pull up stakes & move to a right-to-work State when it gets to the point of choosing between going out of business or giving into union demands.

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Mediaite, by Evan McMurry    Original Article
Posted By: JoniTx- 4/13/2014 9:14:46 PM     Post Reply
On Fox News Sunday, political analyst Brit Hume said that Eric Holder’s claim that his treatment at the hands of Representative Louie Gohmert (R-TX) at a House hearing this week was unprecedented toward an Attorney General, made him a “crybaby,” and that he and President Barack Obama had in fact benefited “enormously” from being the first African Americans in their respective positions. “This strikes me as kinda crybaby stuff from Holder,” Hume said. “My sense about this is both Eric Holder and Barack Obama have benefited politically enormously from the fact that they are African American and the first to

Chelsea Clinton no longer
ruling out politics

35 replie(s)
The Hill (Washington DC), by Judy Katz    Original Article
Posted By: JoniTx- 4/14/2014 11:57:36 AM     Post Reply
Chelsea Clinton says when people ask her these days whether she wants to go into politics, her answer isn’t an automatic “no.” The 34-year-old former first daughter told Fast Company in an interview published Monday, “for so long the answer was just a visceral no. Not because I had made any conscientious, deliberate decision, but since people had been asking for as long as literally I could remember, it was no." Now, the only child of former President Clinton and former Secretary of State Hillary Clinton explains, "I live in a city and a state and a country where I

Glaring limits of the Civil Rights
Act: We need to redistribute wealth

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Salon Magazine, by Matt Bruenig    Original Article
Posted By: KarenJ1- 4/14/2014 7:20:41 PM     Post Reply
Although the Civil Rights Act, the landmark legislation which just reached its 50th anniversary, made great strides in desegregating the economy, economic discrimination is still widespread, and anti-discrimination legislation alone can never rectify the economic damage inflicted upon blacks by slavery and our Jim Crow apartheid regime. The Civil Rights Act was a mild reform, all things considered, but one conservatives fought with vigor and one many conservatives are still bitter about to this day. When the Civil Rights Act passed in 1964, the primary purpose was to root out discrimination in public accommodations (like hotels and movie theaters)

If a nuclear bomb exploded in downtown
Washington, what should you do?

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The Week, by Marc Ambinder    Original Article
Posted By: MissMolly- 4/15/2014 4:51:46 AM     Post Reply
Funny question in the headline, yes? But since President Obama worries more about the threat of terrorists´ improvised nuclear device going off in a major American city than anything Russia can throw at us, I was wondering if the government had deigned to share with us citizens any tips for, you know, surviving something their own intelligence points to as the likeliest unlikely Black Swan event. Well, no. And yes. No — very few people in Washington, D.C., who work for the government have any idea what they would do if a 10-kiloton nuclear device exploded at the intersection of 16th and K

Megyn Kelly and the
Sandberg Head Shaker

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American Thinker, by Richard F. Miniter    Original Article
Posted By: magnante- 4/15/2014 9:16:05 AM     Post Reply
Megyn Kelly’s "Kelly File" is a great news show. She’s incisive, informed and customarily handles the toughest guest with aplomb. But her lengthy interview of Facebook C.O.O. Sheryl Sandberg about her second book in the Lean In series Lean In: For Graduates was a head shaker. Amazing that she of all people allowed Sandberg to restring the same old, same old, shamed, and shopworn feminist myths about women and girls and then jangle it in front of her viewing audience like something new out of the box. Indeed Kelly all but genuflected in front of this woman. Kept her on thru

Obama taps gay bishop to wrap Easter
Prayer Breakfast with invocation

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Washington Times, by Cheryl K. Chumley    Original Article
Posted By: jackson- 4/15/2014 9:25:28 AM     Post Reply
When President Obama needed a preacher to fulfill the closing prayer duties at the annual White House Easter Prayer Breakfast, he turned to none other than the Episcopal Church’s first openly gay bishop — who said he was as shocked as anyone at the appointment. The Right Rev. Gene Robinson said in a tweet, accompanied by a photo of Mr. Obama behind a podium at the event: “POTUS ‘preaches’ at the Easter prayer breakfast. Then, out of the blue, asks ME to close with prayer. OMG!” Newsmax said he also emphasized that the words he chose to close the breakfast

Atlanta Braves flooded with Hank
Aaron hate mail: He’s a ‘s*****g’

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Washington Times (D.C.), by Cheryl K. Chumley    Original Article
Posted By: JoniTx- 4/15/2014 3:23:19 PM     Post Reply
Hank Aaron’s recent comments about the need for America to realize that racism is still very much alive and thriving — only now due to those who wear “neckties and starched shirts” rather than KKK hoods — has sparked an angry backlash and many fans are turning the tables, calling the baseball legend himself a racist. “Hank Aaron is a s*****g piece of [expletive] [racial slur],” one man said in an email to the Atlanta Braves’ front office, one of the teams Mr. Aaron used to play for, CBS News reported. “My old man instilled in my mind from a

Obama Selects First Openly Gay
Episcopal Bishop to Lead Easter Prayer

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Mediaite, by Andrew Kirell    Original Article
Posted By: JoniTx- 4/14/2014 12:46:05 PM     Post Reply
President Obama pulled a surprise move Monday at the White House’s Easter Prayer Breakfast when he selected Gene Robinson to lead the closing prayer. Robinson is famously known as the first openly gay Episcopal bishop. Talking Points Memo’s Tom Kludt spotted the following tweet from Robinson, who was in attendance: (Tweet) Robinson, 66, became diocesan bishop of New Hampshire in March 2004. He retired in January 2013 and is currently a senior fellow at the progressive

Developing: Russian fighter jet buzzes
U.S. Navy destroyer in Black Sea

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Associated Press, by Lolita C. Baldor    Original Article
Posted By: Desert Fox- 4/14/2014 12:49:12 PM     Post Reply
A Russian fighter jet made multiple, close-range passes near an American warship in the Black Sea for more than 90 minutes Saturday amid escalating tensions in the region, a U.S. military official said Monday. In the first public account of the incident, the official said the Russian Fencer flew within 1,000 yards of the USS Donald Cook, a Navy destroyer, at about 500 feet above sea level. Ship commanders considered the actions provocative and inconsistent with international agreements, prompting the ship to issue several radio queries and warnings. The fighter appeared to be unarmed and never was in danger of


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