Bob Owens

The saddest truth in politics is that people get the leaders they deserve

Union greed kills Hostess

Written By: Bob - Nov• 16•12

Union greed has now forced snack-food maker Hostess out of business, unemploying 18,500:

Hostess Brands Inc., the maker of the iconic snack, announced today that it will liquidate the entire company because not enough striking employees returned to work by a Thursday evening deadline set by the company.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said Gregory F. Rayburn, chief executive officer. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”

Hostess said it will seek bankruptcy court permission to close its business and sell its assets, “including its iconic brands and facilities. Bakery operations have been suspended at all plants.”

“The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate after one of the Company’s largest unions, the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), initiated a nationwide strike that crippled the Company’s ability to produce and deliver products at multiple facilities,” the company said in a statement.

The mindset of the leftists at the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union was infantile: they didn’t want the minor salary cuts the company required to stay in business, and so instead put everyone in the entire country out of work. Unions have an entitlement mindset, and it is destroying American business.

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8 Comments

  1. Scott says:

    My hat goes off to the author of this article. Has the courage to speak truth even though it may attract the attention of union thugs.

    If people learned that the need for unions has passed and that now they serve to strangle successful businesses, we would all be better off.

  2. Rick says:

    Get ready for more of this. Our Democrat president will continue to kill off these size businesses with his lame health care and union pandering.

  3. Knitebane says:

    McKee Foods of TN, the maker of Little Debbie snacks, is a family-owned business that has been profitable every year since 1960.

    They have never let the unions dictate to the company. And they thrive.

    Here endeth the lesson.

  4. STW says:

    The union head here in town said they wanted the company to have to liquidate. You can’t bargain with those whose goal is putting you out of business. Under this scenario the union won.
    He said a buyer will purchase the plant and put them all back to work. No word yet from the worker whose wife is expecting a baby in three weeks or the mysterious buyer. I’m also waiting to learn why a buyer would hire back the same people who forced the previous company to fold.

    • louielouie says:

      I’m also waiting to learn why a buyer would hire back the same people who forced the previous company to fold.

      because the buyer is a bundler for hussein.
      just follow the GM model already in place.
      stimulus money will be provided, via you know who, and all union members will be taken care of.
      no need to worry about profit either. the bundler/buyer has deep pockets. yours.

  5. rumcrook says:

    This is what happens when stage one thinkers living in delusion of how the real world works have to be reasoned with.

    Only a fool would rehire any of the monkeys, and any company buying these assets will steer clear of these union leaches

  6. Mister_V says:

    Where’s the cream filling?

  7. NotClauswitz says:

    I got your creamy filling right here!