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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTime: Time to Start Stockpiling Twinkies? Hostess in Limbo as Workers Strike
http://business.time.com/2012/11/15/time-to-start-stockpiling-twinkies-hostess-in-limbo-as-workers-strike/
By Martha C. WhiteNov. 15, 2012
According to the urban legend (and a few zombie movies), Twinkies can be expected to last forever. But thanks to labor issues, longstanding financial difficulties, and changing consumer preferences, Twinkie manufacturer Hostess Brands Inc. might not be quite as indestructible.
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Evan Sklar / Getty Images
The bakery company has shut three plants and laid off 627 workers following labor strikes. According to the Wall Street Journal, CEO Gregory Rayburn said on Monday that the companys next step might be liquidation. Is Hostess, the venerable manufacturer of cakey sugary Twinkies, Suzy Qs, and Ho Hos, doomed?
The strikes are being led by the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union. The union is protesting a labor agreement a bankruptcy judge upheld last month after 92% of members rejected it in September that would cut pay by 8% and make workers pay 20% more in health care costs.
In a statement, the union president took issue with the CEOs assertion that the strikes were behind the closures of facilities in Cincinnati, Seattle and St. Louis, saying that Hostess had already planned to close several plants as part of its bankruptcy restructuring the companys second Chapter 11 filing in less than a decade.
Read more: http://business.time.com/2012/11/15/time-to-start-stockpiling-twinkies-hostess-in-limbo-as-workers-strike/#ixzz2CJezsp4s
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Time: Time to Start Stockpiling Twinkies? Hostess in Limbo as Workers Strike (Original Post)
Omaha Steve
Nov 2012
OP
wendylaroux
(2,925 posts)1. So this is why my Mo. grocery store is twinkieless,
along with all the other sweets they make. Nobody can afford them anyway,they would go stale on the shelves until they put them on special.
lalalu
(1,663 posts)2. Woody Harrelson was right
&feature=player_detailpage
dembotoz
(16,802 posts)3. a friend of mine who was working for a real asshole recently got a job delivering hostess to grocery
stores and seemed to truley love it
i hope it works out
rustysgurl
(1,040 posts)4. Time to Start?
I've been stockpiling for years. Twinkies, Ho Ho's , Ding Dongs ... Fried Pies don't store so well, but those coconut covered ball thingies ..... mmmmmmmm.
razorman
(1,644 posts)5. I don't often eat Twinkies. Stocking up with a couple of boxes would probably last me
the rest of my life.