Say goodbye to Twinkies

SWJJ said
this thread is full of ignorance. The hostess Brand has been troubled for years. They filed banruptcy back in '04. Hostess paid 330 mm to acquire Continental Baking Company, and gobbled up a couple of other smaller competetors in the mid 90's.

This exausted their cash reserves at a time when the Atkins Diet was gaining popularity, and Krispy Kreme was expanding.

Ultimately business decisions made in the 90's caused the 2004 bankruptcy and this eventual fire sale.

Blaming the 1/3 of the workers that are union for the door closing is short sighted and ignorant.

and also not surprising from the posters doing it.

For sake of placing overall blame the past is useful, but don't you think that the Union is to blame at this point? Regardless of what lead to the bankruptcy, Hostess was at a point where they needed union workers to stop striking and work (for less pay and benefits) or liquidate. They refused and now everyone lost their job.

I don't see that as a hard concept to grasp. As stated before, I'd much rather work for less than have no job at all. The marketplace will determine if you're being underpaid or not. If you are, surely someone else out there will scoop you up.