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11-16-2012, 10:09 AM
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N.I.
Join Date: Jan 2002
Location: Pennsylvania
Posts: 26,600
Rep Power: 112   |
RIP to Twinkies, Ding Dongs, Ho Ho's and the grocery shopping of Skampoe
-Hostess to close, cites nationwide worker strike
Hostess, the maker of Twinkies and Wonder Bread, plans to go out of business, lay off its 18,500 workers and sell its snack cake and bread brands. The Irving, Texas, company said a nationwide strike crippled its ability to make and deliver its products, which also include Ding Dongs, Ho Ho's and Home Pride bread. Hostess suspended bakery operations at all its factories and said its stores will remain open for several days to sell already-baked products. The company had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn't return to normal levels by Thursday evening. The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade. "Many people have worked incredibly long and hard to keep this from happening, but now Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands," CEO Gregory F. Rayburn said in a letter to employees posted on the company website. He added that all employees will eventually lose their jobs, "some sooner than others." "Unfortunately, because we are in bankruptcy, there are severe limits on the assistance the (company) can offer you at this time," Rayburn wrote. Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike last week after rejecting in September a contract offer that cut wages and benefits. Hostess said Friday the company is unprofitable "under its current cost structure, much of which is determined by union wages and pension costs." A union representative did not immediately return a call from The Associated Press seeking comment on the company's announcement. Hostess has said that production at about a dozen of the company's 33 plants has been seriously affected by the strike. Three plants were closed earlier this week. Hostess had already reached a contract agreement with its largest union, the International Brotherhood of Teamsters. The company, founded in 1930, was fighting battles beyond labor costs. Competition is increasing in the snack space and Americans are increasingly conscious about healthy eating. Hostess also makes Dolly Madison, Drake's and Nature's Pride snacks. http://finance.yahoo.com/news/hostes...123953115.html
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11-16-2012, 12:45 PM
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Think about it.
Join Date: Jan 2008
Location: Head anointed. Cup runneth over.
Age: 26
Posts: 16,262
Rep Power: 90 |
theyre selling twinkies for brock type characters on ebay for $12,000
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11-16-2012, 05:52 PM
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H.R. Puffinstuff
Join Date: Oct 2006
Location: On the internet
Posts: 15,057
Rep Power: 60 |
I must have pissed off food in a previous e-life. He's coming HARD @ meh. Maybe his subscription to National Geographic didn't arrive this month.
(Uh hint, that's porn to him.)
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11-16-2012, 06:13 PM
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Platypi on the swarm!!
Join Date: Jul 2010
Posts: 1,610
Rep Power: 0 |
Quote:
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11-16-2012, 07:00 PM
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H.R. Puffinstuff
Join Date: Oct 2006
Location: On the internet
Posts: 15,057
Rep Power: 60 |
Oh, ok got it.
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11-16-2012, 07:04 PM
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Veteran Member
Join Date: Apr 2006
Location: NEW JERUSALEM
Age: 32
Posts: 11,787
Rep Power: 63 |
Quote:
 YOU KNO WHERE SKAMP IS GOING FOR ON THIS BLACK FRIDAy
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11-16-2012, 08:02 PM
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**-Skampoe-**
Join Date: Mar 2007
Location: I BE WHERE IM @
Age: 32
Posts: 43,148
Rep Power: 197 |
''LET ME PUTCHA NIGGAZ ON TO SUMTHING''
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11-17-2012, 06:28 PM
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**-Skampoe-**
Join Date: Mar 2007
Location: I BE WHERE IM @
Age: 32
Posts: 43,148
Rep Power: 197 |
bump
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11-18-2012, 02:10 PM
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{-_-}
Join Date: Jun 2006
Age: 26
Posts: 8,069
Rep Power: 37 |
LMAO! rep+
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11-18-2012, 02:43 PM
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**-Skampoe-**
Join Date: Mar 2007
Location: I BE WHERE IM @
Age: 32
Posts: 43,148
Rep Power: 197 |
Rep back
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11-18-2012, 05:29 PM
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N.I.
Join Date: Jan 2002
Location: Pennsylvania
Posts: 26,600
Rep Power: 112 |
400 pound Governor Christie won't answer important question about Twinkies
 http://news.yahoo.com/christie-smell...200737647.html
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