The Twinkie Returneth.
Note what Hostess is tagging the box with, too: The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15. Based on the outpouring of nostalgia sparked by its demise, Hostess is | Read More »
Let Them Eat Cake: As Hostess Workers Get Hurt, Bakery Union Bosses (& Their Kids) Do Well
Eighteen thousand Americans are now without jobs to put bread on their tables (pun intended). Yet, Frank Hurt will not be hurt in the least by the strike he led his members into taking, or the resulting unemployment of both his members, as well as other Hostess employees.
Read More »
Tags: Bakery Confectionery & Tobacco Workers
, Hostess Bankruptcy
, union bosses
, union hypocrisy
, Union Hypocrites
, union strike
Unions Have Declared Open Season – So What?
With the re-election of President Obama, it appears that Unions have deemed it true that a collective bargaining renaissance has arrived. We have strikes abounding. Could it be the great revival of the strong union label? Not likely. Twinkie (aka Hostess) was called back to the bargaining table by a bankruptcy judge. While it would appear that the judge was siding with the union, the | Read More »
Tags: Chicago Teachers Union
, collective bargaining
, Scott Walker
BIMBOS FOR DING DONGS or “Why the Hostess Worker is Good for Jobs…in Mexico”
The Rise of a Mexican Brand? “BIMBO” is a respectable brand name in Mexico. The brand is owned by the wealthiest man in the world. No, not this guy. THIS GUY! Mexican business mogul, Carlos Slim, has the taste for savvy acquisitions of brands others destroy, proving that free markets work, capitalism is the answer, and shipping jobs overseas is hardly the workers fault, unless they are in league whole-heartily with | Read More »
As Twinkies Die, BLS Finds a Sharp Rise in Post-Election Jobless Claims
On today’s edition of Coffee and Markets, Brad Jackson is joined by Francis Cianfrocca to discuss the closing of Hostess Brands because of a moronic union strike, a plan by Denny’s to hike prices to pay for Obamacare and a surprisingly sharp rise in jobless claims in the week after the election.
Read More »
Deadline passes on Hostess strike ultimatum: is liquidiation likely?
Very possibly. Background here and here: the short version is that Hostess Foods is in horrible financial shape; it’s in the process of trying to stave off bankruptcy via drastically renegotiated emergency union contracts with the Teamsters and bakers’ unions; the Teamsters took a look at the books, blanched, swallowed hard, and took the deal; the bakers’ unions did not, and decided to go on | Read More »