The issues here are much more complex than that and go back several years of mismanagement by the upper staff that led to the striking in the first place. They filed their first bankruptcy in 2004, long before any striking took place: [link]
Anyway, good riddance anyway. Their employment policies were lousy, their Wonderbread honestly sucked and they're not the only ones capable of making Twinkie-like cakes anyway.
Currently, yes. After the initial decree to close, bankruptcy judge ordered mediation attempts with the union stating the union had serious flawed logic in striking. Those attempts to reason with the union has now failed again.
The Unions at Hostess were never dismantled. In a way you could blame the management for not taking on the unions years ago when the company still had the resources to dismantle them. If they did that Hostess would still be in business.
Not at Hostess, but unions around the country have been being dismantled for years, which have led to declining wages, which have led to decreased sales, which in turn, along with increased competition, led to Hostess' collapse.
A "beloved company" You people are truly sick in the skull. Looks like your pathetic attempt at propogandizing and hating on wage earners kinda got stuffed. Damn. What a shame. You love that company, they went out of business... looks like you lost your lover.
I like how no one blames the CEO who got the pay increase to 2.5 million a year, and other top execs who got pay increases from as high as 300,000 to 900,000 a year...But no, it's the union workers making 40k a year striking so that they can receive their owed pension and benefits. Fucking greedy union...
The executive pay increases were probably not nearly enough to actually sink the company, but it couldn't have looked good when they were trying to get workers to take a pay cut (after a similar pay cut and pay freeze a few years earlier). The company was already dead, and the union strike was just the final nail in the coffin.
Now the people in charge are trying to use the unions as a scapegoat to cover up their horrific mismanagement over the years (there were 6 CEOs since 2002 or so). Not only did they make unsustainable pension promises in better days, but they failed to compete as America grew more health-conscious. I guess that the free market really did fix this; an inefficient company is now no more. Yay capitalism!
no, fascism is simply another branch of socialism...for example Hitler was pro abortion Hitler was pro gun control Hitler was pro business regulation Hitler was pro Big Government Hitler liked to bomb people Hitler hated religion although he gave it lip service Hitler was pro all industry being government controlled
Hitler sent communists to concentration camps. Hitler was anti LGBT Hitler was anti-intellectual Hitler was against pre-marital sex, prostitution and pornography Hitler was anti-Parliament Hitler was pretty dope on the mic
Lets give a little blame to Hostess management that ran the company into the ground. Last summer executives increased their own pay by 80%. What sort of CEO allows its executives to increase their pay by that much when the company is in financial trouble? A bad CEO does. Heck, the CEO increased his pay from 750k to 2.5 million. Think about that, the CEO of a struggling company, that had already faced bankruptcy, decided to increase his pay from 750k to 2.5 million. That's pure irresponsibility. If your company is failing, decrease overhead, don't increase it because, "lol better get mines before the ship sinks." Those dudes knew the end was coming and instead of taking appropriate action they doubled/tripled their pay, took the money and ran. I think they employees should of accepted the concessions and then immediately started to look for another job, because those executives seemed pretty determined to destroy Hostess.
This will be a clear example when a Union abuses it's power and pays the price. Anytime you strike, you take a risk of loosing it all. Instead of the 8% or so cut, they now have a 100% cut in their pay.
Hey, didn't Hostess go bankrupt twice in the last decade? Hasn't it cycled through, what, seven CEOs in the last eight years? I mean, I don't know what I expect here, but if you want to pretend that capitalism is a meritocracy, then mismanagement in the boardroom kills a company just as surely as a strike on the ground floor.