Say goodbye to Twinkies

Semper said

Way to go unions, no more Twinkies, Ho-Ho's or Wonderbread...

North Texas-based Hostess Brands, Inc. has decided to go out of business and liquidate its assets after failing to win back striking workers.

Hostess going out of business; nearly 18,000 to be laid off - Dallas News | myFOXdfw.com

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.
Hostess Brands closing for good due to bakers strike - Nov. 16, 2012

Click to expand...

Had to take a shot at the union. Interesting that you left out the the part where that had to accept an 8% pay cut as well as reduced benefits and no company contributions to the retirement plan for 2 years. Would you want a 25% stake in a company coming off its second bankruptcy? Present management has proven that they don't know what they are doing when that happens. This just accelerated the inevitable. Don't assume that union bakers make a lot either. There are some near me that make $12.00/hr and work 60 hrs a week.