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Old November 16th, 2012, 07:06 AM   #1
XXXJ
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Default Ho, Ho, Ho. Hostess is closed

http://money.cnn.com/2012/11/16/news...stess-closing/

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The closing will result in Hostess' nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide. The bakers' union represents around 5,000.
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The new contract cut salaries across the company by 8% in the first year of the five-year agreement. Salaries were then scheduled to bump up 3% in the next three years and 1% in the final year.
Hostess also reduced its pension obligations and its contribution to the employees' health care plan. In exchange, the company offered concessions, including a 25% equity stake for workers and the inclusion of two union representatives on an eight-member board of directors.
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Old November 16th, 2012, 07:40 AM   #2
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we have friends who have discovered Twinkies are the near perfect food for their grandchildren with allergies. there is no real food content in those things so the kids can eat them without ANY worry about an allergic reaction.

and their shelf life appears to be infinity 2x.

what are people going to do??
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Old November 16th, 2012, 08:17 AM   #3
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Just give hostess a few months to get a new bakery up and running in Mexico.
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Old November 16th, 2012, 08:28 AM   #4
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Originally Posted by capone View Post
Just give hostess a few months to get a new bakery up and running in China.

FIXED
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Old November 16th, 2012, 08:47 AM   #5
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Originally Posted by capone View Post
Just give hostess a few months to get a new bakery up and running in Mexico.
Maybe we can sneak over the border and work there, get free education and medical care.
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