Twinkies Maker Hostess Plans to Go Out of Business - NYTimes.com

The closing of Hostess is union-busting, pure and simple. The company is already bankrupt (and never believe a company that tells you that it is bankrupt because it paid its workers too well), and its workers weren’t going to accept more race-to-the-bottom cuts. 

I wish I had time to dig into this more thoroughly, but for now, as someone said to me on Twitter, they’re going to sell off their assets, fire all those workers, and destroy another iconic American brand in pursuit of the bottom line. 

Imagine the good press if Hostess said “We want to stay open, and we want to pay American workers good wages and benefits, and we are struggling right now but we want to keep this brand alive.” 

Instead, they’ll go the way of so many other companies that have used bankruptcy to get out of taking care of the workers that made them run.

And don’t worry, folks, you’ll still get your Twinkies: someone will no doubt buy the rights to the name and the recipe for everlasting phallic snack cakes. It’s just that you won’t know they were made by well-paid union workers anymore. 

Not that most of you ever cared. 

Posted at 8:56am and tagged with: classwar, twinkies, hostess, news, labor, unions,.

"We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike," Chief Executive Gregory Rayburn said in a statement. "Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders," Rayburn added. Union President Frank Hurt said on Thursday that the crisis at the company was the "result of nearly a decade of financial and operational mismanagement" and that management was trying to make union workers the scapegoats for a plan by Wall Street investors to sell Hostess.
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