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no more twinkies : ( union shuts down hostess


reno
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Gregory F. Rayburn, chief executive officer said

 

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”

 

http://www.examiner.com/article/hostess-closes-doors-permanently-due-to-union-strike

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BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.

 

http://thinkprogress.org/economy/2012/11/16/1203151/why-unions-dont-shoulder-the-blame-for-hostesss-downfall/

 

yep definitely the unions' fault

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Directly from the Hostess site:

 

""We are sorry to announce that Hostess Brands, Inc. has been forced by a Bakers Union strike to shut down all operations and sell all company assets."

 

 

U mad that they are correct?

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Directly from the Hostess site:

 

""We are sorry to announce that Hostess Brands, Inc. has been forced by a Bakers Union strike to shut down all operations and sell all company assets."

 

 

U mad that they are correct?

They're bankrupt lmao

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