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Fri Nov 16, 2012, 07:32 AM

Twinkies Maker Will Close After Strike [View all]

Source: ABC News

Hostess Brands Inc., the maker of the iconic snack, announced today that it will liquidate the entire company because not enough striking employees returned to work by a Thursday evening deadline set by the company.

"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said Gregory F. Rayburn, chief executive officer. "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders."

...The strikes began on Nov. 9, when the company imposed a contract that would cut workers' wages by 8 percent. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) said the contract would also cut benefits by 27 to 32 percent.

..."Hostess Brands is making a mockery of the labor relations system that has been in place for nearly 100 years," union president (Frank) Hurt said in a statement earlier this week. "Our members are not just striking for themselves, but for all unionized workers across North America who are covered by collective bargaining agreements."

Read more: http://abcnews.go.com/Business/twinkies-maker-hostess-liquidate-company-strike/story?id=17736898#.UKYvz4d1GuI



I think Mr. Rayburn should get Jerk of the Year for this move. And it's been a long year.

ETA: This is not just junk food Twinkies that are affected. Here's a list of Hostess' brands from Wikipedia:


Baker's Inn
Beefsteak
Blue Ribbon
Bread du Jour
Butternut Breads
Colombo
Cotton’s
Di Carlo
Drake's
Dolly Madison
Dutch Hearth
Eddy’s
Good Hearth
Holsom
Home Pride
Hostess
J.J. Nissen
Merita
Millbrook
Mrs. Cubbison’s
Nature's Pride
Parisian
Standish Farms
Sweetheart
Toscana
Wonder Bread

There are good products here among the snack foods. And this are all union jobs.

Get more information about the strike here:

http://bctgm.org/category/hostess-strike/

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