MiCarl Posted November 21, 2012 #51 Posted November 21, 2012 Looks like they didn't make a deal. Hostess gets OK to begin winding down business
rickardracing Posted November 22, 2012 #52 Posted November 22, 2012 Nope, done. Fired 15,000 immediately. The bakers union would not take concessions. So be it.
MiCarl Posted November 22, 2012 #53 Posted November 22, 2012 Not to start a fight, but an article on the opinion page of The Wall Street Journal today. Regular business writer byline. Claims that the real problems at Hostess are on the distribution side and the Teamster work rules. For instance: bread and cupcakes can't ride same truck, drivers don't help load or unload - second vehicle sent with person to do that, same for moving inventory from stock to shelves in the store. Writer says he can understand the bakers (who have taken several hits) don't want to subsidize the Teamsters any more, especially since the company would fail without those changes anyhow. Thinks it's quite reasonable for the bakers to conclude they might end up with better jobs in a viable company when the plants are under new ownership.
dacheedah Posted November 22, 2012 #54 Posted November 22, 2012 And I thought that twinkeys were the air covers, I am soooo confused
rickardracing Posted November 22, 2012 #55 Posted November 22, 2012 Not to start a fight, but an article on the opinion page of The Wall Street Journal today. Regular business writer byline. Claims that the real problems at Hostess are on the distribution side and the Teamster work rules. For instance: bread and cupcakes can't ride same truck, drivers don't help load or unload - second vehicle sent with person to do that, same for moving inventory from stock to shelves in the store. Writer says he can understand the bakers (who have taken several hits) don't want to subsidize the Teamsters any more, especially since the company would fail without those changes anyhow. Thinks it's quite reasonable for the bakers to conclude they might end up with better jobs in a viable company when the plants are under new ownership. Bottom line, unions did themselves in.
XV1100SE Posted November 29, 2012 #56 Posted November 29, 2012 Now here is justice...."Hostess wants liquidation plan and $1.8 million executive bonuses approved by judge" - http://www.thestar.com/business/article/1294838--hostess-wants-liquidation-plan-and-1-8-million-executive-bonuses-approved-by-judge
RandyR Posted November 29, 2012 #57 Posted November 29, 2012 Now here is justice...."Hostess wants liquidation plan and $1.8 million executive bonuses approved by judge" - http://www.thestar.com/business/article/1294838--hostess-wants-liquidation-plan-and-1-8-million-executive-bonuses-approved-by-judge Want to bet whether or not they get their bonus money BEFORE the employee retirement plans that owned lots of the company stock get any money?
RandyR Posted December 5, 2012 #58 Posted December 5, 2012 Stopped at Walmart on the way home Monday night looking for a specific kind of Christmas lights. In a display by the door was a stack of sacks Hostess Sweet Sixteen powdered donuts. I grabbed a sack of them. I thought maybe a local bakery was still making Hostess products under license. They came from Interstate Brands in Irving, TX. A quick Yahoo search turned up that is Hostess and they are closed. Guess these donuts were the last of them in the pipeline.
Snaggletooth Posted December 5, 2012 #59 Posted December 5, 2012 Guess these donuts were the last of them in the pipeline. Check the dates on those will ya....... or is it too late? :rotf: Did they seem a lil chewy?
RandyR Posted December 5, 2012 #60 Posted December 5, 2012 Check the dates on those will ya....... or is it too late? :rotf: Did they seem a lil chewy? Had an EXP date of Dec 5. They were long gone by then...
BradT Posted December 6, 2012 #61 Posted December 6, 2012 Was at Giant Tiger they had about 10 boxes on the shelf. Big city of Woodstock Expiry date was March 8th 2013. Brad
Flyinfool Posted December 6, 2012 #62 Posted December 6, 2012 I think they just have an expiration date because the have to, They will probably be found by some archeologists 5000 years from now and still be just fine.......... I sure will miss my whipped pig fat sandwiches.
Sailor Posted December 6, 2012 #63 Posted December 6, 2012 In Sedona AZ right now. Local paper says some guy is going to buy Hostess. Twinkies might not die just yet.
RandyR Posted December 7, 2012 #64 Posted December 7, 2012 This will be like the New-Coke/Old-Coke brewha. Once Twinkies are available again people will be snapping them up. (Does anyone care about Wonder Bread?).
Flyinfool Posted December 7, 2012 #65 Posted December 7, 2012 This will be like the New-Coke/Old-Coke brewha. Once Twinkies are available again people will be snapping them up. (Does anyone care about Wonder Bread?). Nope!
MiCarl Posted December 7, 2012 #66 Posted December 7, 2012 This will be like the New-Coke/Old-Coke brewha. Once Twinkies are available again people will be snapping them up. (Does anyone care about Wonder Bread?). I do. Not a big fan of the other products, although the chocolate doughnut gems with chocolate milk are pretty decent.
Trader Posted December 7, 2012 #67 Posted December 7, 2012 a friend of mine has severe Crone's Disease and can.t eat any bread except Wonder Bread...probably because it is processed so much it's barely food!
MiCarl Posted December 7, 2012 #68 Posted December 7, 2012 a friend of mine has severe Crone's Disease and can.t eat any bread except Wonder Bread...probably because it is processed so much it's barely food! I think it's 98% fat. Keeps it soft.
RandyR Posted December 11, 2012 #69 Posted December 11, 2012 Walmart just started carrying a substitute. I don't think they carried Twinkies. http://randyrick.us/img/CloudCakes.JPG
RandyR Posted December 12, 2012 #71 Posted December 12, 2012 Not the same as real Twinkies. yep. I ate two of them. Not as light and fluffy as Twinkies sponge cake.
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