Hostess, maker of Twinkies and Ding Dongs, says closing business

Originally posted by Komonazmuk
reply to post by Juggernog

 

little debbie
www.littledebbie.com...

edit on 16-11-2012 by Komonazmuk because: (no reason given)

Ahh ok..well that helps a little. Ill still miss ding dongs and the little powdered donettes.

reply to post by darkhorserider


Not saying they could have but they didn't even try. They knew that and lead by example to the workers for what they stood for. That is they way it is in most corporations. Cut everything except your bottom line and then give yourself a big fat bonus or raise then stick it to the workers. That is a perfect example of what is wrong with America.

reply to post by Juggernog


Little Debbie

reply to post by Jeremiah65


It wasn't so sudden. It's been over a couple years. I heard sometime last year they were in trouble. The socialist Obama people are not helping things in this economy. They are ruining free enterprise for their failed ideology.

Well, 8% cut to workers wages and 17% cuts in health and welfare benefits sums it up. Good riddance to another company trying to downsize at the expense of employees. Another head of the hydra down?

reply to post by ThirdEyeofHorus


How are they ruining free enterprise again? Missed the memo.

I have to agree with you as well.

i used to be against unions until I realized that workers need defense from corrupt people just as a nation needs defense from other corrupt nations.

Unions have been around a long time and they have been steadily shrinking, not increasing.
What has changed is not the fault of unions, but the fault of the New World Order plans and Globalization.
Because of Cheap Chinese and Mexican Labor, Outsourcing, Off Shoring, H1B's, the corrupt scumbag elites are the ones profiting from all of this.

All countries have to be equalized in regards to the NWO, so those that fight against Unions, are actually fighting for the New World Order of control. They are fighting to make America another third world country like the rest.

Originally posted by PurpleChiten


I have to disagree with you, but I still respect your opinion. I put much more blame on the company than on the union.

Without unions, workers would still be making $2/hour and not even be able to survive

edit on 16-11-2012 by PurpleChiten because: removed excessive quote

Well they warned those idiots who were striking that they would end up filing for bankruptcy and closing its doors. I guess they didn't believe them. Good luck finding a job!!

Originally posted by KoolerKing
reply to post by ascension211

 

Did management take a pay cut?????? Did management cut their bonuses and makes any concessions???
Sure blame it on the union. It's their fault. The company was run into the ground and it did not happen overnight.
Yes the wealthy workers are at fault here.

NO. In fact, not long before this, they took RAISES. But most people seem to be conveniently ignoring this fact. It's much cooler to bash the lower-paid wage workers. Here are the bonuses which the higher-ups were unwilling to part with, in exchange for their most valuable service to the company and the community.


Brian Driscoll, CEO, around $750,000 to $2,550,000
Gary Wandschneider, EVP, $500,000 to $900,000
John Stewart, EVP, $400,000 to $700,000
David Loeser, EVP, $375,000 to $656,256
Kent Magill, EVP, $375,000 to $656,256
Richard Seban, EVP, $375,000 to $656,256
John Akeson, SVP, $300,000 to $480,000
Steven Birgfeld, SVP, $240,000 to $360,000
Martha Ross, SVP, $240,000 to $360,000
Rob Kissick, SVP, $182,000 to $273,008

reply to post by dthwraith


Please read how the big wigs in the earlier pages gave themselves pay raises in July.

Originally posted by KoolerKing
reply to post by darkhorserider

 

Go back a few pages and see what the people in power at hostess gave themselves in raises in JUly.
You will sing another tune.

take 1 million and divide by 18,000. You get this... 55.5555555556

Wow a whole 55 bucks would do so much for each employee.

Even if you completely redistributed the CEO paycheck it comes out to 141.666666667 per employee(per year that amount was paid out). You make the mistake of thinking that line workers should be paid the same as an exec who runs the company and takes more risks, has a higher education. Even if that amount was applied directly to debt or to advertising or whatever, it doesn't amount to much for a large corporation such as that.

Let's not forget about the unions turning away free help in the aftermath of hurricane Sandy either. Unions are only out for one thing, their own survival. They are not fighting for the rights of the worker like they did 100 years ago. They are fighting for political lobby power and self-perpetuation. That is it!

My brother was a member of a teacher's union and they took 14% of his salary for the pension, but didn't exclude him from social security or medicare taxes, so there was another 14% gone, and they were required to purchase health insurance at the tune of several hundred dollars per paycheck, ,but it was only major medical, it didn't cover any of the things he and his family would use regularly, so it was entirely a scam for him to be forced to participate. On top of that, they turned around and charged the school districts a similar amount of money for their contribution. The union was voluntary for first year teachers, but the school districts didn't offer any benefits for non-union teachers, and in order to be promoted, or participate in any extra-curricular events, you had to be a member of the union.

He took a $8000 per year pay cut, to go to work elsewhere, and his takehome pay is higher, and his insurance actually covers his expenses now and is somewhat useful.

The only downside is if he gets sued by a student, the union won't cover his legal expenses, and if he doesn't teach very well, then he'll get fired. So, as long as he does his job and doesn't molest any students, the union is entirely unnecessary, and detrimental to the district, the teachers, and the students!

reply to post by ThirdEyeofHorus


Your missing the point yet again. Management runs the company. The people up top had no intention of saving the company because they gave themselves raises. So are you really going to blame the workers here?? Really??? If they lead by example then the company may have gotten the support of the union.
Instead they do what most corporations do. They profit on the backs of others. When the chips were down instead of trying to save the company the greedy people took for themselves.

Originally posted by sonnny1
reply to post by thisguyrighthere

 

Yeah, I hear you.

I don't think half of the workers could make a loaf of bread, from scratch.

I dont think half of America could do it either.

There it is, Sonnny. bump twice if I could.
Lifelong machinist and other things, baking is truly an art and craft. Living
too close to a couple of major airports is my only plus.. my white bread
make great wheel chocks. God knows I tried. The bad news is doubly
heartbreaking, getting a pinkie myself recently, I can empathize. If it
wasn't for SuzyQ's I wouldn't have been able to barter any tutoring out of
the 4th grade. I NEED my pumped up sugar and chocolate bread, AAaargh.
Now we've just got the President's wife Dolly and some comparably wierd
recipes. Even an old school bakery and some superior stuff in my home
town is only a distant memory now..*sigh.

reply to post by jhn7537
It was also my understanding that not all employees were union and they to will be out of work.

Originally posted by KoolerKing
reply to post by ThirdEyeofHorus

 

Your missing the point yet again. Management runs the company. The people up top had no intention of saving the company because they gave themselves raises. So are you really going to blame the workers here?? Really??? If they lead by example then the company may have gotten the support of the union.
Instead they do what most corporations do. They profit on the backs of others. When the chips were down instead of trying to save the company the greedy people took for themselves.

No, I am not missing the point. Unions picketed and the company was already in trouble. Workers feel that CEOs shouldn't be paid higher. I bet there are pension funds and healthcare bennies before the worker paycheck is even counted.

reply to post by darkhorserider


Well then he is happy because he is not in union any more right?

Originally posted by KoolerKing
reply to post by darkhorserider

 

Well then he is happy because he is not in union any more right?

Yes, much happier. He has more control over his subject material, more money in his pay check, better health insurance, and his taxes will show that he makes less salary, so even his taxes might be lower.

I challenge anyone to show how a Teacher's Union benefits the children in the school. I highly doubt it can be shown to benefit the school, or the kids in any way!

Of course, some will say it benefits the teachers, but it really only benefits the teachers that have gotten themselves into trouble in some way or another, and that could be a direct danger to the children involved!

You are referencing the "Free Market Wages" I would presume?

Who is all under the umbrella of Free Market Wages"?

Everyone we trade with and whoever trades with us.
That means the Global Economy, especially China, our largest trading partner.

Using your logic, there are thousands of CEO's, "That are getting paid what they think they are worth" rather than what the global free market dictates, since the rest of the world CEO's make a very small fraction of what the ones in America make.

The argument people are putting forth, is that in this global economy, unions have outlived their usefulness and are too costly compared to wages of others.

Make no mistake that the wages of CEO's will be on attack next as well because the million dollar bonuses and pay packages are also part of a dying breed in this brave new world order that you all ask for and support.

Originally posted by neo96
reply to post by JohnnyCanuck

 

Nope that wasn't

Unions are all about getting paid for what "they think they are worth" not on the actual work performed.

reply to post by ThirdEyeofHorus



Yes you are. The company was already in trouble when they gave themselves raises.
3 months later it files for bankruptcy. Yet some how because the workers went on strike it is their fault????
What are you talkin about.