Hostess Files for Bankruptcy

[quote]JEATON wrote:

[quote]groo wrote:
Yah clearly the unions fault. Lets see if anyone that thinks this, one knows how many ceos hostess has had in the last 7 years. How many of these had any relevant eperience. If said ceos took increased compensation while unilatterally breaking a contract. Bonusoints if they know if this is the first time hostess has declared bankruptcy.
Terribly managed company going out of business. Free market at work.[/quote]

I would think it to be a terribly hard company too manage when your are forced by employee union contracts to do one stupid and detrimental thing after another. Example…Did you know that the union contract forbade wonder bread to be carried on the same truck as snack cakes (and vice versa) forcing to company to run two trucks and two drives, double gas, insurance and everything else just to deliver product to the same store. Only a union or a socialist country could come up with this happy horse shit. [/quote]

Not to mention 33 bakeries, outlet stores, offices etc. There was a lot of duplicity (a very conservative number) of positions and functions. Roll that into one nut and it was a ton of change due to them being so decentralized. Management will always side with management and the workers got squeezed out. The union was forced to be the bad guy and vote to go on strike. It was grossly mis-managed and nobody there had any allegiance to the product. You know they’ve been packing their golden parachutes for a while.

Rob

It seems the rumors about the Mexican company known as Bimbo buying the company are not true.

http://www.wsbt.com/news/sns-rt-us-hostess-laborbre8al02n-20121121,0,6554739.story

Rather be unemployed than save a company