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Old 11-16-12, 06:34 AM   #1
chipcom 
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NOOOOOO not my TWINKIES!!!!

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Twinkies, Ding Dongs Maker Hostess Liquidates Following Failure To Resolve Labor Union Animosity

Hostess Brands, the company better known as the maker of Butternut, Ding Dongs, Dolly Madison, Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride, and of course Wonder Bread and Twinkies, and which previously survived one multi-year Chapter 11 bankruptcy process, when it operated as Interstate Bakeries, has just made a splash at the NY Southern Bankruptcy court, for the last time, with a liquidation filing. The reason: insurmountable (and unfundable) difference in the firm's collective bargaining agreements and pension obligations, which resulted in a crippling strike that basically shut down the company. In other words, Twinkies may well survive the nuclear apocalypse, but there was one weakest link: the company making them, was unable to survive empowered labor unions who thought they had all the negotiating leverage... until the led their bankrupt employer right off liquidation cliff.

http://www.zerohedge.com/news/2012-1...-labor-union-a
I'm kinda freaking out here folks...no more Twinkies? THE MAYANS WERE RIGHT...THE WORLD IS ENDING, WE'RE DOOMED, DOOMED I TELL YA!

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Old 11-16-12, 06:38 AM   #2
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I'm kinda freaking out here folks...no more Twinkies? THE MAYANS WERE RIGHT...WE'RE DOOMED, DOOMED I TELL YA!
I believe the end of Twinkies is considered to be one of the 'signs'. Off to make a placard.
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Old 11-16-12, 07:04 AM   #3
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I believe the end of Twinkies is considered to be one of the 'signs'. Off to make a placard.
No mo' Ho Ho's?

The Horror!
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Old 11-16-12, 07:18 AM   #4
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They're just looking for a buyout with no strings attached. No worried, there will be twinkies for years to come.
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Old 11-16-12, 07:22 AM   #5
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oh...I thought you were getting a vasectomy or something along those lines....nm.
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Old 11-16-12, 08:05 AM   #6
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They're just looking for a buyout with no strings attached. No worried, there will be twinkies for years to come.
I agree. A union employed company can shut down a business if they show a certain amount percentage loss, restart it again after a given amount of time (3 months?) and re open it again as a non union shop with a different name. Even though it can be sold, it can always be bought back. In order to become union again, 50% of the employees + 1 more, it will become union again without having to go through the motions as long as the interest cards are turned in to the international union.

It's a very common way of releasing union employment.
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Old 11-16-12, 08:12 AM   #7
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I agree. A union employed company can shut down a business if they show a certain amount percentage loss, restart it again after a given amount of time (3 months?) and re open it again as a non union shop with a different name. Even though it can be sold, it can always be bought back. In order to become union again, 50% of the employees + 1 more, it will become union again without having to go through the motions as long as the interest cards are turned in to the international union.

It's a very common way of releasing union employment.
Additionally, bankruptcy can allow them to renegotiate or even renig on certain contracts that may allow them to financially restructure non labor based costs. Often times, the union portion is just a bonus to mgt....the real issue is the other costs.
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Old 11-16-12, 08:18 AM   #8
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Additionally, bankruptcy can allow them to renegotiate or even renig on certain contracts that may allow them to financially restructure non labor based costs. Often times, the union portion is just a bonus to mgt....the real issue is the other costs.
Im wondering as well how much the changing consumer habits of Americans have impacted them. People are more careful about what they eat on a more healthy level. I've notice a very large change in produce sales in the past 9 years as well as an increased interest in organics.
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Old 11-16-12, 08:23 AM   #9
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they are liquidating, that means everything will be sold off piece by piece, there wont be any factory to restart
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Old 11-16-12, 08:26 AM   #10
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they are liquidating, that means everything will be sold off piece by piece, there wont be any factory to restart
Colombo can rebuild one, take a huge tax break and sell it. It's more of a financial benefit to rebuild from the ground up rather than remodel.
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Old 11-16-12, 08:50 AM   #11
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I demand an apology for that photo.
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Old 11-16-12, 09:22 AM   #12
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OK, everyone can stop panicking. Apparently Saputo Inc. in Canada is licensed to make Twinkies. Phew!!! Although I think they're considering changing their marketing strategy to a more industrial application. Apparently Twinkies has great insulation properties ... so they're going after the home insulation market.

[disclaimer ... some content in this post has not yet been fact checked]
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Old 11-16-12, 09:26 AM   #13
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Look at it this way. Now, Twinkies can be considered collectibles. Get the set.
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Old 11-16-12, 09:28 AM   #14
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Noooooh!
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Old 11-16-12, 09:28 AM   #15
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Are Twinkies good ?
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Old 11-16-12, 09:30 AM   #16
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Are Twinkies good ?
no
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Old 11-16-12, 09:32 AM   #17
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Are Twinkies good ?
for?
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Old 11-16-12, 10:00 AM   #18
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for?
dead people? Naw.

http://www.straightdope.com/columns/...winkie-defense
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Old 11-16-12, 10:07 AM   #19
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only in California...
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Old 11-16-12, 11:03 AM   #20
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As long as Little Debbie is still selling herself, I am fine.
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Old 11-16-12, 11:06 AM   #21
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There should be enough left in the pipeline for you to stock up with enough to last you until the zombie apocalypse. If not, have a donut instead Homer.
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Old 11-16-12, 11:22 AM   #22
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Maybe you can make some in your own kitchen.
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Old 11-16-12, 11:31 AM   #23
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no
Unbelievably, no-one here has ever tried them.
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Old 11-16-12, 12:58 PM   #24
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chipcom wutz that between your legs, a Yodel?
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Old 11-16-12, 01:19 PM   #25
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Im wondering as well how much the changing consumer habits of Americans have impacted them. People are more careful about what they eat on a more healthy level. I've notice a very large change in produce sales in the past 9 years as well as an increased interest in organics.
I figure certain diet-police types are very happy about this. If I were to name names, this thread would be P&R'd faster than you can say "chocodile".
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