Say Goodbye to Twinkies and Wonderbread
 

Sad to see this happen...

Twinkies Maker Hostess Going Out of Business
http://www.nbcdfw.com/news/national-...179643161.html

So these people would rather strike than have a job?

Go Unions!

Awesome. What better way to pay back unions. You don't have a job, now go **** yourself.

Cut off nose to spite the face.

Shutting down the Emporia plant. The Emporia gazette said there were 400 people working there. Pretty tough for the town. In the last decade or so the town of 30,000 ish has lost Modine, IBP and Dolly Madison.

I think they picked up another dog food plant, but that town has to be hurting.

:rolleyes:

what!? no bailout?

http://media.kansascity.com/smedia/2...C5it.St.81.jpg

He should change his sign from "On Strike" to "Out of Work"

I feel some for those people, but how stupid is it to strike for better pay and then put the company out of business in the process?

Michelle hated twinkies and cupcakes anyway!

I'm pretty confident those well known products and product names will be bought out of bankruptcy by another bakery company and marketed and sold by them. Doubt you've seen your last Twinkie.

Glad I haven't eaten anything they make in about 10 years, not going to miss a thing.

The kick off to the official zombie apocalypse...

http://i752.photobucket.com/albums/x...e646a3f1-1.jpg

Well this is headed straight to DC. And I think the unions had little to do with this. Peoples eating habits have gotten better and spelled doom for Hostess. The lack of wage concessions was a bandaid at best.

Like TJ Cinnamons another bad to eat product has gone by the wayside.

Looks like the parasite killed the host....ess

This, most likely.

There's already a thread in the DC. Put all the crap in there.

This. The name and tradition is too valuable...I think.

However, I can't remember the last time I had a Twinkie or any Hostess snack though...and they don't sell Wonder bread here.

In 'merica? The most obese nation in the world???

JFC. They didn't strike for MORE money. They were asked to take dramatic cuts because the company couldn't survive on it's current models. Like it or don't, try not to let your poolitical biases get in the way of facts. The election's over kids...

I wondered about that as soon as I read the title. That's too bad. That's a lot of industry shut down in E-town in only a few years.

Tj Cinnamon? Who?

Won't matter for our economy if it is a European company that buys the name and makes them in China.

You know, there was a time at Sprint that everyone was willing to take paycuts to keep their job. Priorities I guess.

Twinkies are not a political issue.

Though true, it doesn't change the fact that they had a choice between taking the paycuts and losing their jobs. I guess I don't understand the situation well enough to know why losing your job would be the preferable option these days.

Well, sometimes you have to ask yourself as an eemployee, do I take a pay cut or lose my job?

Unions have worn out their usefulness.

^This^

We have a Hostess Plant here in Waterloo. I will miss the smell of baking bread in the morning.

I'd rather have 8% less of something than nothing at all. If they were so unhappy, just take the pay cut and earn SOMETHING while you search for employment elsewhere.

The principle is still the same.

Exactly!

Hooray for private equity firms who bought the company, loaded it up with debt and told the workers that they weren't going to honor their contract.

What kind of cuts were the workers talking about?


So let me get this straight...a private equity firm comes in and tells workers that if they want to keep working they have to make less money than they would get if they didn't work at all? And now somehow the people in a union saying, "screw that" are the bad guys?

Awesome. What better way to pay back Republican Zomnies. Your tax dollars are paying for their unemployment because you can't do math, now go **** yourself.

Not really....If anything, theres alot more competition with sweets now. More than ever.

Because coupled with previous concessions, workers at the Hostess plants can make more money from unemployment than they could under the new proposal.

Link?

That's a little misleading. They may take home more with unemployment, but taxes and social security aren't withheld. Come April, they will owe taxes on all that unemployment money.

And then there's the issue of unemployment being a finite benefit.

What kind of pay cuts are they looking at? In the article you posted the one guy quoted was making $17 which is about $35,000\yr

They are claiming that in the Chicago Tribune....

LOL nevermind

I think they are probably assuming that once Hostess re-emerges out of bankruptcy under new ownership, many of the workers will probably be hired back. I dunno, that's my guess anyway....

I think it would be interesting to see what kind of concessions the unions had already made in the past. Right now, I think they are looking at an 8% cut.

Unemployment benefits typically pay about 66% of the average of your gross income over the previous X number of weeks. Your take home pay from a job is probably in the neighborhood of 75% of gross.

Take an 8% pay cut, and your take home pay may come close to that 66% unemployment benefit.

But like I said, taxes are not withheld from unemployment, but they are still owed on it. Short term you may be bringing home more collecting unemployment. Long term you won't. And it will run out.

It said 8% so he would have went to $32,200.

****, this thread is going to draw the DC scum into the lounge.

You have the option to have federal taxes withheld on unemployment benefits.

Quite possibly. But if they think they will be hired back at their previous wage, they are likely fooling themselves.

That's (somewhat) new. Wasn't the case back when I was on unemployment.

I had that option in 09.

10% federal tax

Alright I am on the union side now if this true.

I'm not a big fan of unions, but that's not what did this. Looks like Fat Elvis and Mr. Flopnuts have brought some sense to the argument though.

I'm also totally shocked that so many people on here don't understand unemployment either. :rolleyes:

You're ****ing kidding, right?

I don't give a shit why it happened. I don't want Twinkies going away!!!

Probably want to go ahead and get used to this happening. Downward pressure on american wages will continue until we're India.

Well said.
Posted via Mobile Device

Here are the teamsters talking about the contract...(teamsters accepted contract, bakers didn't).

<iframe width="560" height="315" src="http://www.youtube.com/embed/3CsAkqZGvis?rel=0" frameborder="0" allowfullscreen></iframe>

http://media.northjersey.com/images/christie6.jpg

(what have I done)

The CEO was seeking a $1M pay increase while asking for these concessions.

I'm sure the teamsters side of the story is accurate...

From your link....

This section contains unedited press releases distributed by PR Newswire. These releases reflect the views of the issuing entity and are not reviewed or edited by the Sacramento Bee staff. More information on PR Newswire can be found on their web site. You can contact the service with questions or concerns here.

Click here for the free Sacbee iPhone App!

Read more here: http://www.sacbee.com/2012/11/09/497...#storylink=cpy

You probably should have been buying trucks loads of them then. They've been in a downward spiral for years now.

Hostess didn't build that.

It is but this whole thing is complicated and everyone is to blame. Teamsters did take major concessions 3 years ago and they lost thousands of jobs and yet they turned around and took more concessions this time. The other union isn't willing.

Here is a good story about it...

http://management.fortune.cnn.com/20...kies-bankrupt/

No, the $1M pay increase is from the video I posted....

wow ... just said '**** it' and closed it down.


Not that i can blame him

It's going to start happening to a lot of companies.

It's the George Soros 'European Model' - part of government consolidation.

It's okay...the government will soon issue replacements.

a ton of fortune 500 companies have ceased pensions... I know mine has

This is a solid draw for Michelle Obama (Hates sweets, loves unions) and a flawless vitory for Mayor bumberg in New York.

I want to believe that they were "overcapacity" because demand for that crap is dying, but I don't think that's the case.

NNNNOOOOOOOO!!!!1! /Tallahasee

Twinkies are gross. Little Debbie Swiss Rolls FTMFW!

Yeah, the whole ****ing thing is a disaster, but hopefully it will lead to some real changes in collective bargaining.

What person over the age of 12 wants to eat that shit, anyway? Have just a little bit of respect for yourself. That shit is nasty.

This is a prime example why the new "normal" unemployment rate is going to be 6-7%, not the 3-4% that we have previously been used to. Low-income workers are going to be more content to just say fuck it and take unemployment for years on end instead of taking less to keep an undesirable job.

Our welfare system essentially incentivizes this attitude, and US taxpayers will pay for it.

<iframe width="560" height="315" src="http://www.youtube.com/embed/pzaQjS1JstY" frameborder="0" allowfullscreen></iframe>

Great article from Fortune on the Hostess saga.

http://management.fortune.cnn.com/20...kies-bankrupt/

This is terrible timing.

States are beginning to legalize recreational marijuana and now Hostess is going out of business?

Frito Lay stocks just went up.

Federal Emergency Unemployment Compensation Benefits expires next month. Depending on the state, people are only going to get like 6 months of benefits.

Very nice. Is anyone going to eat that twinkie that's soon to be made in China?

They're too busy mining Helium-3 on the dark side of the moon.

Depends on the lead content.

Last night I bought a box of Ho Ho's as a final act of desperation.

What? What's wrong with what I posted?