Unions Kill The Twinkie

[kylejack]

The hedge funds were increasing top executive pay and bonuses while asking the employees to take a [second] pay cut and they had stopped contributing to the pension that they were contractually obligated to pay.

If I were an employee, I'd tell them to shove their company where the sun don't shine.

 

[jbauer]

Who says what is "maximum profit"? There is long term risk/reward to consider. A venture capitalist who invested in Apple in 1997 and sold as soon as the stock rose 20% made a foolish decision.

No, a venture capitalist who only made 20% in 1997 didn't have a job in 1998. The return on the s&p 500 in 97 was 30ish% and just south of that in 98. Venture capitalizm has nothing to do with long term reward. They exist for short term turn and burns of companies. Get in, get out, take what you can get and move onto the next one.

 

[JK/SEA]

Ok now $10/hr. What is/was the going rate for a "fast bakery" line worker at your competitors? You can't call something slave wage without knowing the going rate for a "fast bakery" worker. Either way I'd start looking for a job because you can kiss the bulk of that pension you keep talking about away. It will end up in the federal pension guarentee program at 65% and they'll find a way to strip all the cost of living out of it.

Regardless between the union and mangment they both sunk the ship. Both sides are going to blame both sides its the Amerikan way.

I retired almost 6 years ago, and my last paycheck showed i was making 22 an hour. I had 24 years in this industry.

 

[Confederate]

If I were an employee, I'd tell them to shove their company where the sun don't shine.

Seattle?

 

[jbauer]

Makes me wonder how the hell Oroweat and Franz manage to stay open.....wait...i know. People that give a shit about making good product and making money. This would include Union workers and good management...and owners.

Large companies that give a shit dont exist anymore. Be happy yours did till now.

 

[jbauer]

I retired almost 6 years ago, and my last paycheck showed i was making 22 an hour. I had 24 years in this industry.

Plus or minus benis?

 

[Qdog]

lets be real. The strategy is/was to break the Union. Trust me, the dogs in mgmt. in a few years will resurrect Wonder/Hostess as non-union, which will guarantee the upper class and stock holders their pound of flesh in the guise of FRN's...and instead of good paying living wages, and benefits there will be zero medical and pension plans that pay perhaps 10 bucks hr. I wouldn't work in a bakery for that. I also operated ovens, and in the summer months i recorded 110 degrees in the area. Exhaust fans were always on high mode to keep it at that temp. Go ahead, TRY and work in a bakery like that for those wages. I'd love to see one of you try. I've seen many people walk off the job because of the conditions and very hard work required. Its not for everybody.

If its that bad, then dont do it. If those evil managers really arent paying enough then no one will do the work. I would wager that someone will.

 

[kylejack]

If its that bad, then dont do it.

That's exactly what 92% of the employees did.

If those evil managers really arent paying enough then no one will do the work. I would wager that someone will.

Not a very smart wager, considering they apparently can't find scabs for the right price and are going under.

 

[JK/SEA]

If you don't want to do it for $10/hour I'm sure there are thousand of Mexicans who would eagerly line up for a chance at your job.

no doubt...at least for a little while. Again, turn over of workers would kill the industry. Mexicans are good workers and they aren't fools. Giving raises to keep workers would be the rule. Eventually. There goes your theory that people would do these jos for peanuts. Hell, an apple picker in Washington State gets 20 an hour.

 

[UWDude]

http://blogs.wsj.com/corporate-inte...he-twinkie-hostess-files-motion-to-liquidate/



18,500 more food stamp recipients for Obama.

As if.

There will always be the demand for food. It just simply will not be made by Hostess any more.

And good riddence, they made garbage, and eventually everybody figured it out. Twinkies are vile.

 

[JK/SEA]

Right. The lawsuit that I sat in on a few years ago arose out of a local Teamster election. The thugs supporting one candidate thug broke into a rally of thugs supporting the other thug candidate and shoved an icepick between his ribs and punctured his lung. All for the benefit of the workers, of course. And back when I was in high school, the Teamsters went on strike and "somebody" started dropping cinder blocks off the overpasses into the windshields of passing "scab" trucks. Probably just some kids.

you make it sound like its an epidemic. More like an exception than a rule. Are there idiots out there?...yep. Plenty of ignorance to go around.

 

[QWDC]

So wait, there is no talk/demand of a bailout from the left and media? I would rather the creator of tasty treats get bailed out rather than big banks and car companies.

 

[JK/SEA]

If its that bad, then dont do it. If those evil managers really arent paying enough then no one will do the work. I would wager that someone will.

i did 'do it' ....24 years worth. I did everything in a Bakery from cleaning and maintaining equipment, to mixing 2,000 lb. doughs to operating 75 foot tunnel ovens to being a foreman/supervisor. i retired 6 years ago. I made bread. Both at Oroweat and Franz and Wonderbread....good hard work, and not easy i guarantee you. You want to get ahead in a Bakery, you better have decent math skills as well as a good strong back, and don't mind sweating...a lot.

 

[UWDude]

People always act like a big corporation that makes something anybody can make, (hostess) or providing a service anybody can provide (Wal Mart) would be the end of those industries if they went under.

As if nobody was alive before the nineties when every retail store in the United States was not Wal Mart.

Hostess has been over-priced for decades now. International advertising campaigns, and having too much management overhead does that.

Same with the big banks. People all act like if JPM or GS went under, that would be the end of banking, and nobody would make loans anymore. I remember, as a kid in the eighties, there were tons of different banks in my city. Now, there are only a handful.

 

[Victor Grey]

It will end up in the federal pension guarentee program at 65%

There's a federal pension guarantee?

I've heard everything now. I hate everyone.

 

[Acala]

you make it sound like its an epidemic. More like an exception than a rule. Are there idiots out there?...yep. Plenty of ignorance to go around.

It is a fact of life when dealing with certain unions. It doesn't have to happen in every negotiation. It only has to happen once in a while to have an influence.

If UPS fired all its drivers and hired non-union replacements, people would die and buildings would burn. That is an absolute certainty.

 

[UWDude]

It is a fact of life when dealing with certain unions. It doesn't have to happen in every negotiation. It only has to happen once in a while to have an influence.

If UPS fired all its drivers and hired non-union replacements, people would die and buildings would burn. That is an absolute certainty.

No, it isn't.

 

[JK/SEA]

Plus or minus benis?

per contract the worker and company contributed to both.

 

[Acala]

No, it isn't.

You are right. It isn't an absolute certainty. But it IS probable enough to be a big factor in shaping behavior.

 

[Tpoints]

Plus or minus benis?

I almost Googled the word "benis".