Gazi 4,780 Report post Posted November 19, 2012 Hostess took Union members self funded pensions without their authorization to pay their debts – will not be paid back under bankruptcy nothing to see here folks. move along. unions bad. management good Share this post Link to post Share on other sites
pstall 5,788 Report post Posted November 19, 2012 That's usually called theft. How can that not be challenged if the comp took their money? Share this post Link to post Share on other sites
g5jamz 1,336 Report post Posted November 19, 2012 Maybe they put IOUs in a Samsonite. As good as money. Took a page from Social Security trust fund management. Share this post Link to post Share on other sites
Davidson Deac II 5,553 Report post Posted November 20, 2012 http://www.dailykos....Hostess-Bankery interesting anecdotes... apparently management also stole the unions' self-funded pension contributions. From your link Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer. It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me. If its easy to replace, then take their offer, and start looking for something else, so that in the short time you are looking for a job (since its easy to replace) you will actually have some money coming in. Because some is better than 0. Maybe they think Obama will bail them out like he did the Auto workers? Doubt it will happen, not enough voters and they are not all in Ohio and other battleground states. But the unions might be rescued from their own stupidity by one of Romney's fellow evil 1 percenters. FORTUNE -- Private equity firm Sun Capital Partners wants to buy bankrupt bakery Hostess Brands Inc., Fortune has learned. The proposal would be to operate Hostess as a going concern, including reopening the shuttered factories and continuing union representation of Hostess workers. "I think that we could offer a slightly better, more labor-friendly deal than what was on the table last week," says Sun co-CEO Marc Leder, in an interview with Fortune. "We also think that one point the unions have made is that there hasn't been a great amount of reinvestment in the business. We've found that investing new capital into companies like this can be very positive for brand, people and profitability... We would look to invest in newer, more modern, manufacturing assets that would enable the company to become more productive and to innovate." Leder ran several Romney fundraisers. Of course, by stepping in to save a dying company, he will likely be accused of Vulture capitilism. Share this post Link to post Share on other sites
stirs 7,337 Report post Posted November 20, 2012 "let them eat cake" Share this post Link to post Share on other sites
Montsta 16,408 Report post Posted November 20, 2012 Maybe they put IOUs in a Samsonite. As good as money. Took a page from Social Security trust fund management. Lamborghini for $250,000. Might wanna hang on to that one. Share this post Link to post Share on other sites
Niner National 535 Report post Posted November 20, 2012 From your link If its easy to replace, then take their offer, and start looking for something else, so that in the short time you are looking for a job (since its easy to replace) you will actually have some money coming in. Because some is better than 0. It is very difficult to find the time to apply and interview for jobs when you are already working a full time job, especially if you are working 1st or 3rd shift. Sometimes dedicating yourself to the job search is a better idea. Share this post Link to post Share on other sites
mmmbeans 443 Report post Posted November 20, 2012 From your link If its easy to replace, then take their offer, and start looking for something else, so that in the short time you are looking for a job (since its easy to replace) you will actually have some money coming in. Because some is better than 0. Maybe they think Obama will bail them out like he did the Auto workers? Doubt it will happen, not enough voters and they are not all in Ohio and other battleground states. But the unions might be rescued from their own stupidity by one of Romney's fellow evil 1 percenters. Leder ran several Romney fundraisers. Of course, by stepping in to save a dying company, he will likely be accused of Vulture capitilism. i think it was more of a turn-of-phrase... and also... dude, the "ease of replacement" is not the issue here. Share this post Link to post Share on other sites
Davidson Deac II 5,553 Report post Posted November 20, 2012 It is very difficult to find the time to apply and interview for jobs when you are already working a full time job, especially if you are working 1st or 3rd shift. Sometimes dedicating yourself to the job search is a better idea. But not as difficult as trying to pay the bills with no money coming in. I am not necessarily anti union, (although I loathe the teamsters union for purely personal reasons), but when they do something that doesn't seem to be rational, they deserve to be called on it. Share this post Link to post Share on other sites
mmmbeans 443 Report post Posted November 20, 2012 everybody hates the teamsters except the teamsters. Share this post Link to post Share on other sites
Panthro 10,686 Report post Posted October 22, 2014 I'm surprised we are losing without committing any (apple) turnovers Share this post Link to post Share on other sites
Kevin Greene 13,712 Report post Posted October 22, 2014 There were 18,500 people working for Hostess Brands when the company went bankrupt in November, making Twinkies, Wonder Bread and a variety of other brands.But only about 20% to 25% of those jobs will end up returning when all the brands are up and running again, according to estimates by Natalie Everett, a bread and snack industry analyst with IBISWorld. Typically, companies that buy iconic brands like those produced by Hostess invest in equipment and machinery to replace laborers -- which is why the jobs aren't coming back, Everett said. Share this post Link to post Share on other sites
PandaPancake 8,965 Report post Posted October 22, 2014 everybody hates the teamsters except the teamsters. Teamsters tried to get into the oilfield since the beginning of the year. They're getting laughed at by all the drivers. They even tried to get into a concrete company and only received 15% of the vote. I take unions on a case by case basis. Share this post Link to post Share on other sites
pstall 5,788 Report post Posted October 22, 2014 Some cases are flakey. Share this post Link to post Share on other sites
Chimera 3,584 Report post Posted October 22, 2014 This thread kneaded resurrection. Much adough about muffin. Share this post Link to post Share on other sites