Subj : Re: Fat-assed union gluttons kill another American company. GoodbyeHos
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Newsgroups: dfw.general,rec.crafts.metalworking,soc.support.fat-acceptance
Subject: Re: Fat-assed union gluttons kill another American company.
GoodbyeHostess Twinkies.
Date: Mon, 19 Nov 2012 23:55:11 -0600
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"Tom Mosler" <nobody@slug.sluggish.net> wrote in message 
news:8ba752bf0c1879661aacdadbcb521c8a@slug.slugish.net...
> Nov 16 (Reuters) - If Hostess Brands wins court approval to
> liquidate next week, it is likely to encounter substantial
> demand for its portfolio of iconic snack cakes and baked goods
> like Twinkies and Wonder Bread, investors and industry experts
> said on Friday.
>
> Hostess said Friday morning it would seek to liquidate starting
> Tuesday after members of its bakers' union refused to end a
> strike. More than 18,000 people could ultimately lose their jobs
> as a result.
>
> Experts who are familiar with Hostess Brands and its bankruptcy
> said the company's plan to close was not a tactic aimed at
> ending the bakers strike, which crippled production.
>
> "I think it's credible and sad," said Greg Milmoe, an attorney
> with Skadden, Arps, Slate, Meagher & Flom. He said the company
> came a "hair's breadth" from liquidating during the last trip
> through Chapter 11 that began in 2004, which he oversaw.
>
> Liquidators have been putting together proposals to land the
> assignment of selling the company's brands, which also include
> Drake's and Dolly Madison, as well as real estate, bakeries and
> equipment.
>
> The brand names were likely to be more valuable once they are
> separated from inefficient factories and sold to non-union
> competitors, according to restructuring specialists.
>
> http://www.reuters.com/article/2012/11/16/hostess-bankruptcy-
> sale-idUSL1E8MGAFR20121116

The problem goes deep and long in coming.  At best the union action only 
moved the end up quicker.

http://prospect.org/article/twinkie-defense 

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