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 »
Twinkies to return without union ‘assistance.’
“Bless you, Scotty!*” The bankrupt assets of Hostess Brands, Inc., the company responsible for Twinkies, Ho Ho’s, Sno Balls and Ding Dongs, are being put back to work by a buyout firm. What’s not being put back to work are the former Hostess unionized employees. Basically, the new owners (Apollo Global Management LLC, and Metropoulos & Co.) aren’t subject to the old union contract from | Read More »
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 Union Bosses Spin Twinkies’ Demise, Bakers’ Union Boss Admits Union Knew Hostess Would Die
With the demise of 18,000 jobs weighing on their shoulders (though certainly not their consciousness’) and just in time for the Sunday morning talk shows union bosses are now trying desperately to point fingers at the victim (and Mitt Romney) for the union’s strike that ultimately destroyed Hostess and its 18,000 jobs. This blame game is going on despite the fact that the bakers’ union | Read More »
A Eulogy: The Sad Day A Ding Dong Union Killed Twinkie The Kid
The events of this past week have Sno Balled rather quickly and Suzie Q is still in a state of shock. Teamsters are calling the striking bakery union a bunch of Ding Dongs and Ho Ho’s. Yes, it’s true. The great Twinkie is dead. And, it’s no Wonder. Like so many before it, Twinkie the kid has been killed off by a union strike.
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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 »
Ding Dong Bakers’ Union May Kill Off Twinkies And 18,500 Jobs Once And For All
Last January, Hostess Brands, the company that built such iconic lunch-bag stuffers as Twinkies, Ding Dongs and Wonder Bread filed for bankruptcy. In an era of greater competition and a more health conscious public, Hostess’ problems stem, in part, to the heavy costs its union contracts have placed on the company. Now, as the company and union leaders have hammered out tentative contracts that would | Read More »