Death of the Ding-Dong, Twinkie: Hostess To Shutdown
Reports are that Hostess is starting to close down after a labor dispute. End of a beloved era, or good riddance to junk food heaven?
Twinkies. Hostess Cupcakes. Wonder Bread. Ding-dongs. Ho Hos.
They will now be gone forever, with reports that Hostess Brands, Inc., said Friday that it will sell off or close down its 82-year old business. Done in, the CEO claims, by labor union action.
Hostess filed for Chapter 11 bankruptcy protection in January.
The company has been challenged by not only by snarly labor relations, and a national strike by its second-largest labor union, but also, posits the Wall Street Journal, by consumers switching to healthier foods and high ingredient costs.
One caveat: The Journal says that Hostess has threatened liquidation before, and not followed through.
The move puts 18,500 workers out of their jobs, CNN reports.
What do you think about this end to a junk-food kingdom?
Joe Sousa.
10:23 am on Wednesday, November 21, 2012
At what point does Union need become Union Greed ? Agreed a living wage is necessary . Did these workers think their jobs were so secure they could continue to ask for more ? Just a shame their union couldn't work to save these jobs.
b kcaj
2:37 am on Thursday, November 22, 2012
Joe-Here's some advice for you-take your union hating attitude and move it along with your camouflage wardrobe to some union hating anti-labor state down south. The hillbillies there would also probably match your IQ-single digits.