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Post by Mark (EC,IN) on Nov 16, 2012 10:14:38 GMT -5
My mom had a pack of Twinkies on the table when I got home from school every day.
It was part of my youth.
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Post by wheatfarmer on Nov 16, 2012 11:50:43 GMT -5
It is interesting that the Teamsters Union could see the writing on the wall but the Baker,.....,Confectioners Union couldn't. With the current health craze, I would think a person would do what he could to save his job rather than push the company through bankruptcy and out the other side to a fire sale.
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Post by MarlandS on Nov 16, 2012 13:04:11 GMT -5
Yeah, a totally stupid move by the union but boy, they sure showed Hostess didn't they ?
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Post by wheatfarmer on Nov 16, 2012 16:35:27 GMT -5
Guess they found out who the real twinkies are. ;D
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Post by acfarmer on Nov 17, 2012 11:04:31 GMT -5
Not that unions are always bad but this is one example where they are.
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CRFarms
4-H er
Country Boy
Posts: 27
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Post by CRFarms on Nov 17, 2012 23:08:58 GMT -5
They wanted a better job. I've heard having no job is better!
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Post by Angus in NCMO® on Nov 18, 2012 19:33:19 GMT -5
something smells funny to me ...
The union may have played a significant part in the downfall of Hostess .... BUT
Why was there a 300% salary increase recently for management?
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Post by MarlandS on Nov 18, 2012 23:14:06 GMT -5
Bruce it wasn't recently , it was '04 and it was the CEO according to the union according the the Huffington Post . Although some other management positions gained upwards of 30% .
They shuffled through several CEO's in the past few years and one detail that MIGHT have been left out about that 300% was it was spent hiring a new CEO , trying to get top talent to save the company .Might have been the same with other management positions to..... I dunno .
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Post by 420 on Nov 19, 2012 10:29:11 GMT -5
Well, if I dont get my ho hos' I hope they get shafted out of their retirement.
I dont get pissed easily ,but now I am mad.
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Post by MarlandS on Nov 19, 2012 21:42:50 GMT -5
the evening news reported that they have entered into negotiations now .... the union blinked
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Post by Mark (EC,IN) on Nov 20, 2012 6:27:30 GMT -5
the evening news reported that they have entered into negotiations now .... the union blinked It sounded more like the bankruptcy judge put a boot up somebody's butt to me. |
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Post by MarlandS on Nov 20, 2012 15:26:16 GMT -5
time will tell who did what
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Post by wheatfarmer on Nov 20, 2012 20:47:03 GMT -5
Having been in union negotiations and federal mediation, I can say that was the absolute quickest I have seen mediation deemed a failure. There is obviously no common ground to work with in bridging the gap.
As the saying goes, the union cutoff its nose to spite its face.
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Post by 420 on Nov 21, 2012 11:28:02 GMT -5
Sounds like there was some "venture capital" involved, usually bad news for a company in the long run imho.
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