From Noisy Room:
The day came last week, that I never would have dreamed would come about. Hostess (founded in 1930) went Galt and shut down laying off 18,500. Hostess had been going through severe financial challenges, so renegotiations with the unions was no surprise. They had already been through bankruptcy and restructuring twice before, I believe. They were dealing with twelve unions and had even brokered a deal with the Teamsters. They offered the unions a 25% stake in the company, seats on their Board of Directors and 100 million in debt. All they asked for was an 8% cut in wages. The Baker’s Union would have none of it, so now they get a 100% cut in wages. Ding Dong, the Twinkies are dead.GO READ THE WHOLE THING.
1 comment:
ARIZONA WARNS,NOW another company bits the dust,but hey,who wanted a good paying job anyway right?McDONALDS is hiring and almost everyone else works for DHS,or TSA,of course no one is creating wealth by building anything,GOVERNMENT does not and never has created anything but debt to the people...so that being the case, its no wonder hostess is going out of business,the direction america is headed in will bring total failure to the entire country soon,then war by straving people,mass death by government soldiers,and a country no one can imagin,but thats what the morons who keep these criminals in office wanted,SOON MASS FAMINE,total failure of the whole system..the winter of 2012-2013 will be remembered as the year everything failed,and 90% of america died of starvion or gunshot wounds or had their heads chopped off............
Post a Comment