Say goodbye to Twinkies (1 Viewer)

[DesertKajun]

So you're saying the owner of a company really invest alot and assumes the risk to make money?

no he needs to be taxed into submission and does not deserve any money. /sarcasm

 

[SWJJ]

So you're saying the owner of a company really invest alot and assumes the risk to make money?

No one has ever said differently.

 

[SWJJ]

skip the part where the CEO agreed to work at 1 buck a year?

What the deal was to get the company back on its feet. And it sounds fair to me. I read cookie line workers made 55k average....

The new contract cuts salaries across the company by 8% in the first year of the five-year agreement. Salaries then bump up 3% in the next three years and 1% in the final year.

Hostess has 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. To top of page

HAHA

:copy and paste fail:

cite your sources, dont plagorize.

 

[DesertKajun]

Talk about no clue.

Opening a Hostess plant with 18k workers is beyond me and I've been in business almost 20 years and have advanced business degrees. I have a healthy line of credit and a little money, but you're talking dollars vs millions.

And, based on your business problem that you outlined above, I don't think you have a clue what you're talking about. If your business couldn't survive off 45k per month in retail sales without you working 80 hours and making less than minimum wage then the problem is obvious and it had nothing to do with Obama.

Perhaps the new owner with his business plan and bank loan has figured out what to charge or how to manage the business better?

First the plant did not have 18k, they are spread out all over the nation. Second they can start a small bakery and work their way up. Maybe a few grand down on a lease for a building and buy some equipment at auction. I cant think of any product that started huge and hoped they had a market. One location and as demand goes you go.

 

[DesertKajun]

HAHA

:copy and paste fail:

cite your sources, dont plagorize.

missed the link...Hostess says liquidation possible as labor fight continues - Nov. 12, 2012

 

[SWJJ]

First the plant did not have 18k, they are spread out all over the nation. Second they can start a small bakery and work their way up. Maybe a few grand down on a lease for a building and buy some equipment at auction. I cant think of any product that started huge and hoped they had a market. One location and as demand goes you go.

commerical baking equipment will cost them 10s of thousands of dollars, lets say they can get used equipment at 10% the cost of new equpiment (highly unlikely though) so 4 K down for lease 4 K for super duper bargin euqupiment, throw in 2 K for pots pans and ingrediants, maybe some bare budget signage, a little flier advertising, lets throw out a ridiculous low ball number of 10K.

Assume you can start a bakery for 10K how many $12 an hour factory employees do you think would consider that "pocket change"?

You are completely disconnected from reality.

At that leaves nothing for slow months to cover utlities and the lease payment, so your hotcakes better sell like hotcakes right out the gate.

 

[DOFF6356]

Here's what Shia LaBeouf,will do with the last boxes of Twinkies

<iframe width="420" height="315" src="http://www.youtube.com/embed/tTynneY3vVY" frameborder="0" allowfullscreen></iframe>

 

[livefromDC]

I own my yard
I pay my neighbors kid to cut the grass every week for 25 dollars
He says the other kids get 30 dollars a week.
I say well its 25 dollars a week , I am sorry I can’t pay you anymore than that man.
He says well I want 30 or I won’t cut it
I say okay you are no longer cutting my grass.

How can I do this ?? Because it’s my yard, my lawn mower, my gas, my weed eater. I planted the grass when it was just seeds, watered it, made it grow into a flourishing yard. Now my grass may not be green as it once was, as a matter of fact there’s a lot of brown dead grass, but it’s still worth cutting. So son do you want the 25 a week to cut this grass knowing that I pay you every week on time rain or shine. Or do you want to take your chances trying to get your friends yard for 30 dollars.

Of course you leave out the part where you don't want to pay 25 dollars anymore. You now want to pay him $23.75 (8% deduction) when the going rate is 30 dollars a week. The kid says fine, I won't cut your grass again until you are willing to reach my terms. Unfortunately for you, none of the other kids in the neighborhood are willing to cut your grass for $23.75 and you don't have the money to pay $30.

Not only is this kid not cutting your grass, no one is cutting your grass. This would be the most accurate analogy.

 

[DesertKajun]

commerical baking equipment will cost them 10s of thousands of dollars, lets say they can get used equipment at 10% the cost of new equpiment (highly unlikely though) so 4 K down for lease 4 K for super duper bargin euqupiment, throw in 2 K for pots pans and ingrediants, maybe some bare budget signage, a little flier advertising, lets throw out a ridiculous low ball number of 10K.

Assume you can start a bakery for 10K how many $12 an hour factory employees do you think would consider that "pocket change"?

You are completely disconnected from reality.

At that leaves nothing for slow months to cover utlities and the lease payment, so your hotcakes better sell like hotcakes right out the gate.

Say a group of 50 bakers get together to do it and yes 10k is pocket change on the grand scheme of things. And I said for the lease, the rest is probably in the 80k ballpark I would guess minimum.

I paid 60k for my Shop (on loans), after all the tax grabbers from the city hit me(planned 5k cash but underestimated opening taxes and permits big time) I had a few hundred to buy livestock. I made it after a few very harsh months and hard work. But I swear I almost went away for murder when the city sign tax guy came to measure the sq ft on my sign to determine the 500 buck tax on it a year.

 

[Semper]

skip the part where the CEO agreed to work at 1 buck a year?

What the deal was to get the company back on its feet. And it sounds fair to me. I read cookie line workers made 55k average....

The new contract cuts salaries across the company by 8% in the first year of the five-year agreement. Salaries then bump up 3% in the next three years and 1% in the final year.

Hostess has 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. To top of page


Hostess says liquidation possible as labor fight continues - Nov. 12, 2012

Your going to confuse them with details man... They won't concede, but start nitpicking about something else...

 

[FLEA]

You talking about 18,000 skilled workers,.....it aint that easy.

How did they become skilled in the first place. I'm pretty sure they were not skilled at first, they were taught....By whom? I hope I'm not coming across as ignorant but I just don't understand why they can't hire people (me, you, joe Q. Public,whoever) to do this job?

 

[chad141fa]

Of course you leave out the part where you don't want to pay 25 dollars anymore. You now want to pay him $23.75 (8% deduction) when the going rate is 30 dollars a week. The kid says fine, I won't cut your grass again until you are willing to reach my terms. Unfortunately for you, none of the other kids in the neighborhood are willing to cut your grass for $23.75 and you don't have the money to pay $30.

Not only is this kid not cutting your grass, no one is cutting your grass. This would be the most accurate analogy.

He could accept that or ...guess what, now he makes no money

 

[You]

this story is analagous to what is happening to our country.

 

[SWJJ]

I'm curious where you got the 55k a year number? At 12 an hour working 60 a week assuming 1.5 for over time that's ~ $43500 And that's working 60 hours a week every week.

I also did not see where the CEO was working for $1.00 a year.

You are clearly making up half the stuff you post, and copy and pasting the other half.

 

[SWJJ]

He could accept that or ...guess what, now he makes no money

But now the grass does get mowed either.

Who loses more?

A factory worker losing his $12 an hour factory job or the owner of a multimillion dollar business who has to close the doors cause he can't come to an agreement with the labor.