Poll: Does Public Like Twinkies More Than the Labor Unions Behind Them?

Hostess and major employee group announced mediation plans Monday in bid to avert shutdown.

Twinkies will never die, of course. Besides being able to survive nuclear war, their recipe and branding can be sold to another baker if Hostess goes out of business. But hopes rose for the iconic company Monday with the news that Hostess Brands Inc. will take part in mediation talks with the striking Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The move averted a liquidation—which led lovers of Twinkies and other confections to buy up stocks at their local stores. So the Los Angeles and Orange County fairs have likely not seen their last deep-fried Twinkie. But what about the unions that make them?

Angelo November 21, 2012 at 07:09 PM
Hey Beagle: You haven't been paying attention to the full story. Firstly, the union had taken two previous concession deals to help in the reorganization. Secondly - YES, absolutely the managers would shut the place down. Hostess was taken over by Hedge-Fund investors (very Romneyesque) and they installed a management team that immediately increased executive salaries up to 80% and the CEO's salary tripled. They then secured loans against assets that more than doubled the company's debt following the first bankruptcy proceeding. In this new filing the management team asserted their right to distribute $1.9 Million among the top 19 managers as part of the shutdown. Thankfully the judge saw right through this, denied the petition and ordered mediation.
Beagle November 21, 2012 at 07:36 PM
angelo, I get the idea that you have a problom with this. If the smartest, most ambitious and most talented people (as apposed to the highschool educated factory workers) think that a raise is in the best interest of the company... it IS in the best interest of the company. because the factory isn't its workers, it is its executives. without these people the factories would have nothing to produce anyway. this is what makes America great. the workers tried to exert themselves, bully themselves, into a better deal but just weren't important enough to the executives. it was worth it to the management team to close up rather than to die the slow and painful death they saw as inevitable. their saleries could NEVER solve the clear decline of the company. our culture has changed and they had not kept up with our increasing demand for healthy, less processed foods. their demise was certain and the employees and the uniun did not see this. concessions only expedited the end
Angelo November 21, 2012 at 09:47 PM
wow, you just don't get it, do you? this isn't about devoted company executives. this is a bunch of leveraged buyout kings who swooped in when Hostess first filed for bankruptcy. they couldn't care less if the company survives, they've already pulled their money out and will attempt to take more, company, workers, product and history be damned
Beagle November 22, 2012 at 08:20 AM
i fully support buyout kings. america is the only country on earth where that kind of success is attainable... no one cares about twinkies. they are a luxury. this company exists to make money. it was dying. so something had to be done.
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