Wed Nov 14, 2012, 06:33 AM
Sherman A1 (11,797 posts)
R.I.P. St. Louis Hostess Plant; Most Delicious Field Trip EVER!Last edited Wed Nov 14, 2012, 06:33 AM USA/ET - Edit history (1)
Interesting blog post on closing of St. Louis Hostess Plant
It was with a heavy heart (and a sweet tooth of nostalgia) that I read news yesterday of Hostess Brands closing its St. Louis bakery. Apparently the maker of Wonder bread and Twinkies is in bankruptcy (How is that possible? Are we not still a nation of fat asses?!) and has promised to close any bakery where workers honor a labor strike. That threat proved real on Monday after St. Louis employees refused to cross the picket line. Some 365 local employees of the factory will lose their jobs. And while that is extremely unfortunate for the workers and their families, the fourth-grader in me cannot help but think of the thousands of St. Louis kids with no connection to the bakery other than this: For generations the Hostess plant was the most kick-ass school field trip ever. I still vividly recall my trip to the plant on North Broadway. I'd spent my entire elementary school career waiting for that moment. Older kids at the bus stop had gloated about it since I was in kindergarten. And now I had arrived. My classmates and I were finally old enough to -- as a friend put it at the time -- "go to the place where Ding Dongs are made." more at link. http://blogs.riverfronttimes.com/gutcheck/2012/11/st_louis_hostess_plant_closes.php
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4 replies, 760 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
| Author | Time | Post | |
| Sherman A1 | Nov 2012 | OP | |
| liberal N proud | Nov 2012 | #1 | |
| Submariner | Nov 2012 | #2 | |
| madokie | Nov 2012 | #3 | |
| Recursion | Nov 2012 | #4 |
Response to Sherman A1 (Original post)
Wed Nov 14, 2012, 06:44 AM
liberal N proud (43,926 posts)
1. Twinkie - the ever lasting cake
Response to Sherman A1 (Original post)
Wed Nov 14, 2012, 06:45 AM
Submariner (7,385 posts)
2. Twinkies have been a major food group
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since my childhood going to Duncan Yo-Yo contests in front of the penny candy store.
Even though that factory closing, someone, somewhere will be making Twinkies. They have to be. It is part of our heritage like Mom's apple pie. |
Response to Sherman A1 (Original post)
Wed Nov 14, 2012, 06:45 AM
madokie (36,952 posts)
3. Lets look at the salaries of the top ten in the company
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and I'd bet that we'd see why they are in bankruptcy not the stated reasons of health care and retirement cost to the hourly wage earners.
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Response to Sherman A1 (Original post)
Wed Nov 14, 2012, 06:55 AM
Recursion (26,244 posts)
4. How it's possible: Private Equity buyout
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An outfit called Ripplewood decided the company was undervalued (ie, not increasing profit as quickly as it might). So, they borrowed a lot of money, bought up a controlling share of their stock, dumped that debt on the company, and started introducing "efficiencies". Sound familiar? It's the Bain plan that Mittens invented 30 years ago.
However, these guys weren't as good at it as Bain was, and it started crashing before they could unload it. |

