Posts Tagged ‘bankruptcy’

Union Strike Kills Twinkies, Wonder Bread and Hostess and 18,000 Jobs

Friday, November 16th, 2012

Wonder Bread, Twinkies, Ding Dongs and Ho Hos are dead and 18,000 people are out of work, as a union strike has killed Hostess.

Once again, unions try and bleed a company and do not understand a company needs to adapt to meet competition, and in this case, their greed cost everyone on the payroll and Twinkies fans all over the world.

Hostess files Bankruptcy

Unions kill Twinkies and Wonder Bread, 18,000 jobs lost

The strike essentially shut down Hostess production for an extended period, and with no cashflow, there are no paychecks. Hostess couldn’t ramp up production and has decided to file for bankruptcy and sell off their products to the highest bidder.

Grocery stores are competing with Target and Wal-Mart who now sell milk and eggs and are non-union, leaving specialty stores as the only grocers who can charge a premium for their products and support union-scale wages.

Union leaders must be proud they stood up to “The Man” and held their ground, and union members surely feel good today as they backed union leaders who had their best interests in mind.

R.I.P Wonder Bread, creamy filled Tinkies, foil-wrapped Ding Dongs and log-shaped Ho Hos.

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