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.
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Tags: Bakery Confectionery & Tobacco Workers
, Frank Hurt
, Hostess Bankruptcy
, Twinkie killers
, union bosses
, union hypocrisy
, Union Hypocrites
, union strike
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.
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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 »