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Fri Nov 16, 2012, 10:43 AM

HOSTESS Spinning BOGUS Story: NO profitable company shuts down over a spat with labor. [View all]

Just a drive by, but on the Hostess thing : no profitable company shuts
down over a spat with labor. The deadline was always bogus, they never
intended to re open the doors. Just a way to spin it as the fault of
greedy employees versus incompetent management.


Hostess came out of bankruptcy in 2009. Went back in (Chapter 11) in 2011 (I think). Been negotiating with labor this year over new contracts, pensions, etc., in BK court. The strike is a response to management's latest offer, basically.

So now Hostess is going Chapter 7 (liquidation), 'cause they really don't have a choice. Bad management, sez I, but you can read the Fortune article and decide for yourself.
http://management.fortune.cnn.com/tag/gregory-rayburn/

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Reply HOSTESS Spinning BOGUS Story: NO profitable company shuts down over a spat with labor. [View all]
kpete Nov 2012 OP
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