Goodnight, sweet prince.

11/16/2012 8:47:10 AM

Goodnight, sweet prince.

11/16/2012 8:50:33 AM

dmidkiff
is going to be pissed

I'm krallum and I approved this message.

11/16/2012 8:51:39 AM

When I heard this on the radio this morning, I thought to myself, "I wonder who on TWW will make a RIP thread."

11/16/2012 9:26:34 AM

11/16/2012 9:30:40 AM

Goodnight, sweet princess!

11/16/2012 9:35:06 AM

GG union... 18,000 jobs down the drain just because you wanted job security and not loose a bit of pay...

11/16/2012 9:50:52 AM

I just watched the WRAL article on it. The employees said that between forgoing their pension, paying a higher premium on health insurance, and an 8% wage cut, that they would be losing 30% of their total monetary benefits and they would be better off on unemployment.

If that's the case more power to them. Although I don't think they realize how much COBRA costs shit ain't cheap

11/16/2012 10:08:37 AM

you watched an article?

I'm Krallum and I approved this message.

11/16/2012 10:09:24 AM

There were plans to close 8 of the factories at the end of the year anyways.

[Edited on November 16, 2012 at 10:14 AM. Reason : also...lol ^]

11/16/2012 10:14:47 AM

If that's the case then the unemployment benefit is too high.

A 30% cut in benefits? Sounds like Hostess is just doing what the rest of the labor market already did years ago. Who still offers pensions?

11/16/2012 10:17:35 AM

But the thing is that Hostess were already in a Bankruptcy since January... The Teamster Union agreed to the change, but not the Baker's Union...

Quote :

"There were plans to close 8 of the factories at the end of the year anyways."

Now all of them will be closing. They honestly should have slimmed down way faster, even after their restructuring from their 2004 bankruptcy, which took almost 5 years to do.

11/16/2012 10:26:28 AM

They have filed for Chapter 11 the past 3 years

11/16/2012 10:42:27 AM

Quote :

"Who still offers pensions?"

Bayer, and the State of NC

[Edited on November 16, 2012 at 10:47 AM. Reason : /]

11/16/2012 10:46:53 AM

It couldn't be the economic policy in this country causing all these 100 year old companies to go bankrupt... couldnt be

11/16/2012 10:49:07 AM

^^ A total of 11 Fortune 500 companies.

11/16/2012 10:50:04 AM

it couldn't be people buying less of their shitty products....couldn't be

11/16/2012 10:50:07 AM

Diva, that made you look like an idiot.

11/16/2012 10:51:12 AM

Bwahahaha.

Pot meet kettle.

11/16/2012 10:51:44 AM

Quote :

"It couldn't be the economic policy in this country causing all these 100 year old companies to go bankrupt... couldnt be"

just when i think you can't say something any dumber, you do

11/16/2012 10:52:09 AM

^^^wait...wut?

[Edited on November 16, 2012 at 10:54 AM. Reason : e]

11/16/2012 10:52:24 AM

Define dumb.


Because the truth can be dumb sometimes.

11/16/2012 10:53:16 AM

Quote :

"They have filed for Chapter 11 the past 3 years"

wat?

No they haven't... They filed one in 2004 and one in January of this year. Both times were a result from too high debt mostly from labor costs; although 2004 had higher ingredient costs as well.

11/16/2012 11:14:46 AM

my apologies!

I read the article wrong...it was 3 years ago when they came back from filing the first time

continue...

[Edited on November 16, 2012 at 11:44 AM. Reason : wrod]

11/16/2012 11:42:17 AM

Do you work for hostess or something?

I'm Krallum and I approved this message.

11/16/2012 11:43:27 AM

nah...I'm still employed today

11/16/2012 11:44:21 AM

I dont think I've ever bought or have eaten a twinkie... just one of those things that look really gross to me

11/16/2012 11:46:18 AM

http://www.americastestkitchenfeed.com/recipe-bootcamp/2011/07/shaping-up-hostess-cupcakes/

11/16/2012 12:37:26 PM

Wal-Mart Workers' Black Friday Strike

http://finance.yahoo.com/news/wal-mart-workers-black-friday-110048819.html


Target, employee at odds over Black Friday

http://www.upi.com/Business_News/2011/11/16/Target-employee-at-odds-over-Black-Friday/UPI-22901321476541/



Those damn unions destroying businesses e'erwhere!

11/16/2012 2:03:46 PM

^ neither walmart nor target employees are part of a specific store employees' union

11/16/2012 2:08:26 PM

no shit Shurlock

11/16/2012 2:09:14 PM

Some reposts from reddit that I enjoyed:

http://www.kpax.com/news/hostess-announces-possible-liquidation-including-billings-plant/

Quote :

"Eusebio Diaz, business agent for Local 466, said this strike is not a negotiation process: "What we want to do is we want to shut the company down and force them to liquidate so somebody will come buy a plant and we have a future. Somebody that has some money and knows how to run a company.""

http://www.ibj.com/hostess-plant-closings-so-far-spare-indy-columbus/PARAMS/article/37864

Quote :

"“Some employees are apparently under the misimpression that if they force Hostess to liquidate, another company will buy our bakeries and offer them employment," Rayburn said in his statement. The industry has “far too much capacity,” Rayburn said. “I believe the leadership of the bakers union knows this fact, but is willing to sacrifice its Hostess employees for the sake of preventing other bakery companies from asking for similar concessions.”"

11/16/2012 2:10:25 PM

^^ so what was the purpose of the pissfest that is your post?

11/16/2012 2:11:43 PM

I worked for a unionized company once. All we ever did was try to convince them to let us work 10 hour shifts

I'm Krallum and I approved this message.

11/16/2012 2:12:58 PM

I lol'd at someone on facebook blaming Obama for this.

11/16/2012 2:15:05 PM

stocking up on these bad boys & holding on to them for a year - then sell on eBay = profit !

11/16/2012 3:05:49 PM

Quote :

"I dont think I've ever bought or have eaten a twinkie..."

and

Quote :

"holding on to them for a year - then sell on eBay"

11/16/2012 3:14:17 PM

Consumers respond

11/16/2012 3:17:19 PM

11/16/2012 3:36:03 PM

^^I had class with the guy in that 3rd picture

11/16/2012 3:37:49 PM

I guess that's an end to the Twinkie Defense.

11/16/2012 6:22:40 PM

i'm sure they'll sell off the rights to the name and the super secret recipe

11/16/2012 6:23:52 PM

Quote :

" Pabst Owner Metropoulos Considers Bid for Hostess Brands Source: Bloomberg C. Dean Metropoulos & Co., the private equity firm that owns Pabst Brewing Co., is considering an offer to buy Hostess Brands Inc., which said today it plans to liquidate its business. “Our family would love to purchase these iconic brands,” said Daren Metropoulos, a principal at the Greenwich, Connecticut-based firm, which paid $250 million for Pabst in 2010. “We are actively pursuing this deal as no doubt strategics will also.” C. Dean Metropoulos, founder of the firm, has specialized in purchasing struggling brands, such as Chef Boyardee and Bumble Bee Tuna and turning them around. The firm paid close attention to the maker of Twinkies and Wonder Bread during its bankruptcy proceedings, Daren Metropoulos has said. We have analyzed this opportunity very carefully for a few years now,” Metropoulos said in an e-mail. “Shedding the complications of the unions and old plants makes it even more attractive.” The 82-year-old company also makes Hostess CupCakes, Ding Dongs and Ho Hos. The private equity firm is “fully prepared to participate in any process involving selling the brands,” Daren Metropoulos said. "

Read more: http://www.bloomberg.com/news/2012-11-16/pabst-owner-metropoulos-is-considering-bid-for-hostess-brands.html

11/16/2012 8:35:28 PM

Quote :

"“Shedding the complications of the unions and old plants makes it even more attractive.” "

shocking...

11/16/2012 8:45:45 PM

11/16/2012 8:47:22 PM

union workers losing their jobs

i thought unions were perfect?

also who used to unroll their Swiss Cake Rolls? that was the shit

[Edited on November 16, 2012 at 8:50 PM. Reason : .]

11/16/2012 8:50:25 PM

I used to put mine in the freezer

a pro move if there ever was one

11/16/2012 8:52:56 PM

Oh god - imagine how unbearably retro and hipster twinkies will get if they are linked to PBR

11/16/2012 9:15:39 PM

pretty sure that's what you would project onto a product that wouldn't change one bit

[Edited on November 16, 2012 at 9:19 PM. Reason : it's sad that you would even give a fuck]

11/16/2012 9:18:23 PM

Swiss cake roll is LITTLE DEBBIE you terrorist!!

[Edited on November 16, 2012 at 10:49 PM. Reason : ...]

11/16/2012 10:48:55 PM