No its not....but we understand each other now....
Unions Take down another company!
- Thread starter patriot66
- Start date
No its not....but we understand each other now....
canceled.2021.1
#AMERICAISDEAD
Twinkies are bad for you anyway. The "workers" were asking for it. Fuck em
signalmankenneth
Verified User
Bye to Twinkies and Workers Rights? Hostess Blames Striking Workers As it Liquidates,
Bye to Twinkies and Workers Rights? Hostess Blames Striking Workers As it Liquidates, Romney-Style!
November 16, 2012 |
Get your Twinkies and your Wonder Bread now, because what you see in stores is the last of them. (At least until the brands are sold at auction and revived.) Hostess Brands has announced that it will liquidate, blaming a strike by workers in one of its unions as they rejected a contract that called for them to make major concessions on wages and benefits. The workers had taken concessions to help the company survive a previous bankruptcy, and this time around when the call for cuts came, members of the Teamsters narrowly accepted them while members of the Bakery, Confectionery, Tobacco Workers, and Grain Millers union overwhelmingly said no and went on strike. According to the company [2], it's all the workers' fault:"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said CEO Gregory Rayburn in a statement.
Of course, Hostess management had already claimed [3] that the strike would be responsible for the closings of specific plants—when it had already planned to close plants even if the workers accepted the cuts and stayed at work. BCTGM President Frank Hurt says the workers understood [4] who they were dealing with:
Our members know that the plans all along of the Wall Street investors currently in control of this company did not include the operation of Hostess Brands any longer than it takes to sell the company in whole—or in part—in a way that will maximize the profits of these vulture capitalists regardless of the impact on the workforce.
Workers were being asked to accept cuts, but top executives had gotten massive raises as Hostess was about to enter bankruptcy. Investments in the company's future that had been promised as part of restructuring after the previous bankruptcy were never made. And as for the management, put in place by the private equity companies that now own Hostess, Hurt says:Unfortunately however, for the past eight years management of the company has been in the hands of Wall Street investors, "restructuring experts", third-tier managers from other non-baking food companies and currently a "liquidation specialist". Six CEO’s in eight years, none of whom with any bread and cake baking industry experience, was the prescription for failure.
This is a Mitt Romney-style deal [5]. Throughout the campaign, we read about Romney's past deals [6] that went very much like what's happening to Hostess. Now we're watching it in real time—and seeing how when workers fight back, they're targeted for blame.
Workers at Hostess Brands—who in September overwhelming rejected a contract that cut wages and benefits by as much as 32%—began a strike today against the maker of Wonder Bread, Twinkies and other well-known baked treats. Hostess has imposed the terms of the rejected contract. Frank Hurt, president of the Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM) says:
Hostess Brands is making a mockery of the labor relations system that has been in place for nearly 100 years.
signalmankenneth stands in solidarity, with the strikers!
Bye to Twinkies and Workers Rights? Hostess Blames Striking Workers As it Liquidates, Romney-Style!
November 16, 2012 |
Get your Twinkies and your Wonder Bread now, because what you see in stores is the last of them. (At least until the brands are sold at auction and revived.) Hostess Brands has announced that it will liquidate, blaming a strike by workers in one of its unions as they rejected a contract that called for them to make major concessions on wages and benefits. The workers had taken concessions to help the company survive a previous bankruptcy, and this time around when the call for cuts came, members of the Teamsters narrowly accepted them while members of the Bakery, Confectionery, Tobacco Workers, and Grain Millers union overwhelmingly said no and went on strike. According to the company [2], it's all the workers' fault:"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said CEO Gregory Rayburn in a statement.
Of course, Hostess management had already claimed [3] that the strike would be responsible for the closings of specific plants—when it had already planned to close plants even if the workers accepted the cuts and stayed at work. BCTGM President Frank Hurt says the workers understood [4] who they were dealing with:
Our members know that the plans all along of the Wall Street investors currently in control of this company did not include the operation of Hostess Brands any longer than it takes to sell the company in whole—or in part—in a way that will maximize the profits of these vulture capitalists regardless of the impact on the workforce.
Workers were being asked to accept cuts, but top executives had gotten massive raises as Hostess was about to enter bankruptcy. Investments in the company's future that had been promised as part of restructuring after the previous bankruptcy were never made. And as for the management, put in place by the private equity companies that now own Hostess, Hurt says:Unfortunately however, for the past eight years management of the company has been in the hands of Wall Street investors, "restructuring experts", third-tier managers from other non-baking food companies and currently a "liquidation specialist". Six CEO’s in eight years, none of whom with any bread and cake baking industry experience, was the prescription for failure.
This is a Mitt Romney-style deal [5]. Throughout the campaign, we read about Romney's past deals [6] that went very much like what's happening to Hostess. Now we're watching it in real time—and seeing how when workers fight back, they're targeted for blame.
Workers at Hostess Brands—who in September overwhelming rejected a contract that cut wages and benefits by as much as 32%—began a strike today against the maker of Wonder Bread, Twinkies and other well-known baked treats. Hostess has imposed the terms of the rejected contract. Frank Hurt, president of the Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM) says:
Hostess Brands is making a mockery of the labor relations system that has been in place for nearly 100 years.
signalmankenneth stands in solidarity, with the strikers!
Airstrip One
Completely Effed
In otherwords, Ken stands in solidarity with failure.
jesus, you're an idiot. Do you even understand the term over capacity?
Over capacity or under sales?
PostmodernProphet
fully immersed in faith..
there you have it.....it isn't the union's fault.....it isn't the management's fault....it's Romney's fault.....
http://www.merriam-webster.com/dictionary/overcapacity
they have all their demand covered... and then some
Just show how stupid union management really are. If they really knew their business, they'd be operating their own, but instead, the union manager is a parasite that doesn't stop until it kills its host.
LOL @ the union workers who believe the union boss cares about their job.
Well, at least when a new company buys up the hostess production facilities and hires a new crew, they'll have the union to thank for their jobs!
LOL @ the union workers who believe the union boss cares about their job.
Well, at least when a new company buys up the hostess production facilities and hires a new crew, they'll have the union to thank for their jobs!
Bfgrn
New member
Hostess Continues Pattern Of Misinformation
By Bakery, Confectionery, Tobacco Workers and Grain Millers International Union
Published: Tuesday, Nov. 13, 2012 - 2:12 pm
KENSINGTON, Md., Nov. 13, 2012 -- /PRNewswire-USNewswire/ -- In a desperate attempt to break the solidarity and resolve of striking BCTGM members across the country, Hostess Brands is falsely claiming that its decision to close three of its bakeries -- St. Louis, Cincinnati and Seattle -- is the result of the nationwide strike against the company by BCTGM members.
In fact, according to the company's 1113 filing with the bankruptcy court earlier this year as well as its last/best/final and non-negotiable proposal to its BCTGM-represented workers, the company was planning to close at least nine bakeries as part of its reorganization plan, although the company refused to disclose which bakeries it intended to close. This is in addition to the three bakeries that were to be closed as a result of the company's planned sale of its Merita division.
Moreover, St. Louis Mayor Francis Slay was quoted in a November 13 KMOX-CBS St. Louis article stating, "I was told months ago they were planning on closing the site in St. Louis… And there was no indication at that time it had anything to do with the strike the workers were waging."
BCTGM International Union President Frank Hurt stated, "The recent claim by Hostess CEO Greg Rayburn that our strike is the reason for the closure of the three bakeries is simply not true. That statement is a continuation of a disturbing pattern by the company of issuing public statements that are erroneous at best and disingenuous at worst.
"Our members rejected the company's outrageous proposal by 92 percent in September. Rejection came from every corner of the country. They were being asked to vote on a proposal with massive concessions, knowing that their plant could very well be one of those to be closed.
"Our members are on strike because they have had enough. They are not willing to take draconian wage and benefit cuts on top of the significant concessions they made in 2004 and give up their pension so that the Wall Street vulture capitalists in control of this company can walk away with millions of dollars."
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
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.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO's with no true experience in the wholesale baking business have left this company unable to compete or survive.
A total of 24 Hostess production facilities are on strike or honoring the strike with picket lines established by striking Hostess workers at other BCTGM-represented facilities. Additionally, BCTGM members at one transport facility also are on strike. Company claims that union members are crossing picket lines and maintaining production at striking plants are vastly untrue.
Read more here: http://www.sacbee.com/2012/11/13/49...sinformation.html#storylink=cpy#storylink=cpy
By Bakery, Confectionery, Tobacco Workers and Grain Millers International Union
Published: Tuesday, Nov. 13, 2012 - 2:12 pm
KENSINGTON, Md., Nov. 13, 2012 -- /PRNewswire-USNewswire/ -- In a desperate attempt to break the solidarity and resolve of striking BCTGM members across the country, Hostess Brands is falsely claiming that its decision to close three of its bakeries -- St. Louis, Cincinnati and Seattle -- is the result of the nationwide strike against the company by BCTGM members.
In fact, according to the company's 1113 filing with the bankruptcy court earlier this year as well as its last/best/final and non-negotiable proposal to its BCTGM-represented workers, the company was planning to close at least nine bakeries as part of its reorganization plan, although the company refused to disclose which bakeries it intended to close. This is in addition to the three bakeries that were to be closed as a result of the company's planned sale of its Merita division.
Moreover, St. Louis Mayor Francis Slay was quoted in a November 13 KMOX-CBS St. Louis article stating, "I was told months ago they were planning on closing the site in St. Louis… And there was no indication at that time it had anything to do with the strike the workers were waging."
BCTGM International Union President Frank Hurt stated, "The recent claim by Hostess CEO Greg Rayburn that our strike is the reason for the closure of the three bakeries is simply not true. That statement is a continuation of a disturbing pattern by the company of issuing public statements that are erroneous at best and disingenuous at worst.
"Our members rejected the company's outrageous proposal by 92 percent in September. Rejection came from every corner of the country. They were being asked to vote on a proposal with massive concessions, knowing that their plant could very well be one of those to be closed.
"Our members are on strike because they have had enough. They are not willing to take draconian wage and benefit cuts on top of the significant concessions they made in 2004 and give up their pension so that the Wall Street vulture capitalists in control of this company can walk away with millions of dollars."
Over the past eight years since the first Hostess bankruptcy, BCTGM members have watched as money from previous concessions that was supposed to go towards capital investment, product development, plant improvement and new equipment, was squandered in executive bonuses, payouts to Wall Street investors and payments to high-priced attorneys and consultants.
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.
Over the past 15 months, Hostess workers have seen the company unilaterally end contractually-obligated payments to their pension plan. Despite saving more than $160 million with this action, the company continues to fall deeper and deeper into debt. A mountain of debt and gross mismanagement by a string of failed CEO's with no true experience in the wholesale baking business have left this company unable to compete or survive.
A total of 24 Hostess production facilities are on strike or honoring the strike with picket lines established by striking Hostess workers at other BCTGM-represented facilities. Additionally, BCTGM members at one transport facility also are on strike. Company claims that union members are crossing picket lines and maintaining production at striking plants are vastly untrue.
Read more here: http://www.sacbee.com/2012/11/13/49...sinformation.html#storylink=cpy#storylink=cpy
Althea
Althea told me...
This is one of the few that Bain didn't parasitize. It is,however, the Bain business model.
007
New member
It was in bankruptcy because the unions stupidly assumed it was still 1960 and people still eat the shit thst hostess made!!
If you make a product that doesn't sell, you make changes.
That's not mismanagement , that's changing markets.
007
New member
People don't eat twinkies in the numbers they used to.
It's a dead product .
You can't sell a product that people won't buy!
LMFAO
Certainly not. Why, the very nerve.