Hostess' problems weren't due to labor. That's just a scapegoat. Hostess was badly managed, didn't adapt to changing times, took on huge debt, and collapsed.
At first I thought this thread was about some internet brothel where twinks hore themselves out.
Did this company get Bain'd? Did it screwed over by a investment capitalists?
Are they selling at those way over inflated prices, or just listed that way?
Specialty stores will probably import them from overseas
No, they'll sell the recipes and the rights to the trademarked names of the baked goods and fire all the workers.
I'm amused/staggered by the tea party types saying this is a response to Obamacare. As if a huge company would just say, "Welp, we give up" one week after a president had been in office almost four years. Hostess has filed for bankruptcy in the past; it's been poorly managed for years.
He's cute, but is he sponge-cake worthy?
Back in the late 60s when I was around 8 or 9, my dad had a bread route and sometimes I'd get up at 3am and go with him to load his truck and hit the stores.
He was friendly with all the other route drivers and when we'd run into the Hostess guy, he'd trade bread for Twinkies (that's what I liked best.) They were so good back then and it was so much fun to be apart of my dad's life like that--to see how he was outside of home and what he did. He seemed larger than life.
This news makes me miss my dad and the good times we had.
Vote for us, R10. We'll see to it that today's kids get to experience that same wonderful feeling. Without the expensive adults, of course. The plus side is if they make all their deliveries on time, they'll earn an extra $1.50 a week (minus accounting fees).
On St Patrick's day the stores would have green sno-balls
Good grief, moldy cake
The just will sell the rights to the name. It like when Dolly Madison was bought by Hostess and Zingers became a Hostess product.
That cunt Little Debbie will likely buy the name Hostess and slap her name on her versions of Twinkies
The Abercrombie and Fitch today has nothing to do with the original store or the kind of products they sold. But someone bought the label and slapped the name on it so it'd sell.
Freddie Smith and Casey Deidrick interview together.
What did the video of the two kids from Days Of Out
Lives have to do with Hostess?
Plenty of shit garbage twinkies for sale in my local bodega. Should I buy them and sell them to idiot hoarders?
It's a world full of Little Debbies, when only a Hostess will do.
Forget it, hoarders. Hostess says shelf-life is 25 days. A business report claims Pabst Beer and/or Campbell Soup may buy the brands.
A really sad situation.
Anyone who thought they could run it as it was - with the existing plants and truck routes - could have bought it out of bankruptcy. They could have fired all of the existing management and run it themselves.
The unions could have even bought it, if they wanted.
The issue is that no one thought it would work without some union concessions.
A video of the head of the union discussing the situation and their negotiating strategy.
R21, that's a right-wing fabrication. Hostess was horribly managed, the execs gave themselves huge raises, ran the company into the ground, and then blamed a one week union strike for closing down the whole corporation.
Blaming this on the union is utter bullshit.
Forget the Twinkies. I'm going to miss the Sweet 16 donuts.
While Hostess was descending into bankruptcy and demanding deep concessions from workers, the top 10 executives of the company were rewarding themselves with lavish compensation increases, with the then CEO receiving a 300 percent increase
[quote] “Hostess’s announcement that it is liquidating the company is a deep disappointment for all of our Hostess members. While Hostess management wants to blame our members for the demise of the company, the truth is that had it not been for the valiant efforts of our members over the last eight years, including accepting significant wage and benefit concessions after the first bankruptcy, this company would have gone out of business long ago."
Are twinks named after Twinkies? Thin, blonde, with a creamy center?
And this is why union membership is down.
Th is Bain Capital writ large. How dare they!
R25, why doesn't the AFL-CIO buy the company (they have a huge pension fund, lots of cash), fire the CEO and other senior executives, keep the union contracts the same and run the business themselves?
If it is the fault of senior management and it is poorly run, that is the obvious solution.
Well, isn't it?
You'd have to ask the AFL-CIO R30. A more obvious solution was to run the company properly instead of turning it into a flaming crater of destruction.
I won't care. I haven't eaten any of that shit in years.
Why would kids want to eat it? They could have Entenmann's or something from the supermarket bakery aisle or a Haagen Daz Dixie cup. Or a single serve Nutella with bread sticks.
We ate Twinkies and other crap because there was nothing else back in boomer days.
[quote]Are twinks named after Twinkies? Thin, blonde, with a creamy center?
Yes they are.
The gay male trophy boy (a pretty, dumb blond) was called a Twinkie in the 70's.
The name got shortened to Twink and started being applied to every young hairless gay boy by the porn industry.
Will Honey Buns be affected?
Their signature brands will probably be purchased by other companies. SO the fans are having much ado about nothing.
R5: $805 Million in debt. Yes it got Bain'd.
I'd love to see a forensic audit to see where the money went. I bet it went into the investors pockets.