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PostPosted: Fri Nov 23, 2012 6:05 pm 
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Your first two paragraphs are close to being spot on. Let me add those posters who said those workers will be able to find good Union jobs baking for the companies who buy up the brands are dreamers. First off unless the company who buys the brands are 100% Union they will bake the brands they buy in their non-union shops. Most of those 18,500 workers are totally screwed.

You're right, they WERE screwed - by Hostess. Those good union jobs weren't good jobs anymore, no health care and stolen pensions. All so the CEO could give himself a 300% raise.

GoU

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glenfs, July 4, 2018:

"You would think that after 8 years of hearing allegations against Bill C and another 8 against President Obama you people would have learned that 90% of those types of allegations just aren't true."


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PostPosted: Sat Nov 24, 2012 7:02 pm 
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more from employee's....reads like a Bain-nitmitt road map....

http://crooksandliars.com/karoli/hostes ... ceo-guttin
Hostess Employee Tells All About CEO Gutting Pensions, Pay Scales

A few weeks later we got the 'oops' letter. Turns out it was all an 'accounting' error and the company was failing miserably.

Conveniently though, CEO Charles Sullivan and the board managed to sell their stock before word got out about the bad news. No jail time of course. In fact, Sullivan was brought back as a consultant after his resignation. Enron happened a few years later and at the bakery we were amazed how much attention they got compared to us.

Then there was the paycheck cut: ...

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Who are these...flag-sucking halfwits fleeced fooled by stupid little rich kids They speak for all that is cruel stupid
They are racists hate mongers I piss down the throats of these Nazis Im too old to worry whether they like it Fuck them.
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PostPosted: Thu Nov 29, 2012 11:51 am 
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Adding more sugar to the fire...

Quote:
NEW YORK -- Hostess Brands Inc. plans to ask for a judge's approval Thursday to give its top executives bonuses totaling up to $1.8 million as part of its wind-down plans.

The maker of Twinkies, Ding Dongs and Ho Hos says the incentive pay is needed to retain the 19 managers during the liquidation process, which could take about a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation.

http://www.huffingtonpost.com/2012/11/2 ... 10515.html

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PostPosted: Thu Dec 06, 2012 4:29 pm 
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glenfs, July 4, 2018:

"You would think that after 8 years of hearing allegations against Bill C and another 8 against President Obama you people would have learned that 90% of those types of allegations just aren't true."


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PostPosted: Fri Dec 07, 2012 4:42 am 
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We'll find out which bidder takes over by Monday

http://bizbeatblog.dallasnews.com/2012/ ... rest.html/


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PostPosted: Mon Dec 10, 2012 7:36 am 
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Will you get your twinkles - rebranded?


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PostPosted: Mon Dec 10, 2012 7:57 pm 
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For those who blame the workers for Hostess' problems, please justify how Hostess took worker's pension money and used it for other company purposes.

Quote:
Hostess Brands acknowledged for the first time in a news report Monday that the company diverted workers' pension money for other company uses.

The bankrupt baker told The Wall Street Journal that money taken out of workers' paychecks, intended for their retirement funds, was used for company operations instead. Hostess, which was under different management at the time the diversions began in August 2011, said it does not know how much money it took.
Hostess Diverts Workers Pension Funds



If this story is true then surely someone in Hostess management should go to jail for defrauding the workers of their pension monies.

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PostPosted: Tue Dec 11, 2012 9:47 am 
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For those who blame the workers for Hostess' problems, please justify how Hostess took worker's pension money and used it for other company purposes.



If this story is true then surely someone in Hostess management should go to jail for defrauding the workers of their pension monies.


Or they could be praised by conservatives.

Why should workers have pensions anyway?

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