No More Twinkies For You! November 16, 2012Posted by Michael in News.
Hostess Brands, an 82 year old company, is headquartered in my home town of Irving, TX. They also make Wonder Bread (a staple of my childhood), Ho Hos, and Ding Dongs.
Sad to say, they have collapsed, thanks in large part to their unions. Maybe somebody else will buy the brands, but in the meantime, 18,000 people are out of work.
I’m sure Michelle Obama approves. She thinks you shouldn’t be eating this stuff anyway.
Not everyone agrees with Michelle.
Try some arugula instead.
Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, said it will fire more than 18,000 workers and liquidate after a nationwide strike by bakery workers crippled operations.
“Companies in bankruptcy don’t have any margin for error,” Chief Executive Officer Gregory F. Rayburn said today in an interview with Betty Liu on “In the Loop” on Bloomberg Television. “We just didn’t have enough workers crossing the picket line.” . . . The decision to liquidate capped a weeklong standoff between the company, once the largest U.S. wholesale baker, and a union that called its proposed labor contract “horrendous.”
I guess extended unemployment benefits and food stamps look pretty good to some people, compared to the “horrendous” alternative of working for a living.
Speaking of bread, I’ll bet you haven’t remembered this song in awhile: