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Why Did Hostess Go Bankrupt? [Pic]

submitted by: whodat6484
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Why Did Hostess Go Bankrupt? [Pic]. It was the union`s fault, of course. Right?
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Hits: 18685 | Favorites: 1 | Emailed: 0 | Rating: 2.5 | Category: News & Politics | Date: 11/18/2012
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Male, 40-49, Southern US
 5070 Posts
Wednesday, November 21, 2012 7:19:41 AM
Day before the negotiation, the reps met at an informal discussion...

BCTGM Dude: "F*ck takin' a drop! I`m gonna birdie this!!"
BCTGM Squad: "Look at that guy, he`s a fighter!"
Teamster Squad: "We`re screwed..."

Male, 50-59, Canada
 24927 Posts
Tuesday, November 20, 2012 12:26:51 PM
In the various articles linked & others I've looked at: Some say that in the past 10+ years the Unions have taken cuts, some say no cuts (layoffs though) and others say the BCTGM demanded a 1% increase for each of the next 3 years.

There`s a lot of articles written, and very vew facts to be found!

Those huge, built-in increases to the pensions and other funds? THAT is what Hostess was trying to cut -rightly or not- it`s what drove the company under.

Male, 18-29, Southern US
 10238 Posts
Tuesday, November 20, 2012 9:09:29 AM
Please cite proof that the workers demanded a pay raise

Me, CodeJockey, 5Cats et al did not say anything to this effect. In fact we said market forces and missteps on part of the management did lead to the financial erosion of Hostess. The Unions however namely the BCTGM were asking for ridiculous pensions and medical benefits (which management shouldn't have agreed to in the first place) and the BCTGM`s decision to go on strike was the final act that drove Hostess into liquidation. Hell even the Teamsters laying some of the blame on the BCTGM.

Male, 50-59, Canada
 24927 Posts
Tuesday, November 20, 2012 12:20:55 AM
...STFU 5Cats.

@madest: Why, is my shirt tucked in or something?

There you go: smoke another doobie and... you know...

@CodeJockey: Thanks for the support! @madest seems to think NO ONE (except himself) has ANY right to ANY opinion... especially Canadians!

[quote]It was announced in April and their full salaries were set to be reinstated "no later than Jan 1." Now THAT is to laugh!![/quote]

@chalket: let me understand this:
He gives up $900,000 pay...
...and you laugh at him... for not giving anything up...

What do you want? Blood? A kidney? What?

Male, 30-39, Midwest US
 2501 Posts
Monday, November 19, 2012 7:40:37 PM
Everything Hostess makes has become more and more "evil" and unhealthy and guiltful over the last decade or two. That sure as hell hasn't helped business I`m sure. But piss-poor management was the nail in the coffin.

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