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In reply to the discussion: Twinkies Maker Will Close After Strike [View all]Kablooie
(18,646 posts)56. When investment firms own companies this is what happens.
It's sad that most popular companies are not owned by people who are interested in making the products.
The owners now know nothing about producing or distributing products.
They only know how to increase their own wealth and that's all they are interested in.
The popular brands won't disappear.
Some other investment firm will buy them up.
If Bonomo's Turkish Taffy can revive, and it did, so will Hostess products.
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Just barely, and the bakers' union got an outside evaluation of the reorganization plan.
Bolo Boffin
Nov 2012
#16
But if they had agreed to the concessions the owners would get the blame instead of the union.
Kablooie
Nov 2012
#60
They had already taken concesions to save the company before and lost their pensions
Omaha Steve
Nov 2012
#48
And the company broke the contract by not paying into the pension plan ...
SomeGuyInEagan
Nov 2012
#71
A lot of those brands were probably individual, regional, businesses at one time?
hexola
Nov 2012
#30
a point of clarity, we used to call wonder bread a cake because it is made from a batter,
MrYikes
Nov 2012
#46
I wish someone would buy it that's interested in producing products, not simply wealth.
Kablooie
Nov 2012
#59