Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

NoVaMoMe 2024: 06/08/2024
Arlington, VA
Details to follow


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















« Friday Morning News Dump | Main | Petraeus: Some Parts of Susan Rice's "Presentation" Came From the White House, Not Intelligence, and Not Me »
November 16, 2012

Hostess Bakers Union: We Reject Your Latest Offer. Hostess Final Offer: Then We're Closing Up And You'll Get Nothing. Bakers Union: Good! Wait, What?

18,500 people are going to lose their jobs because one union decided that they thought it was possible to get blood from a stone.

"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," said CEO Gregory Rayburn in a statement.

Hostess will move to sell its assets to the highest bidder. That could mean new life for some of its most popular products, which could be scooped up at auction and attached to products from other companies.

A letter that Hostess sent to its network of stores that carry its product said it expects "there will be great interest in our brands." But it said it could not give a time frame for when the sales would take place and its products would be available again.

But even if those brands are bought and restarted, the Hostess workers will not get their jobs back.

"The industry has overcapacity. We're overcapacity. Our rivals are overcapacity," said Rayburn in an interview on CNBC. Asked if the shutdown decision could be reversed if the Bakers' union agreed to immediately return to work, he responded, "Too late."

If feel bad for the workers who weren't part of the idiotic bakers union but have zero sympathy for the idiots who were. Hostess was already in bankruptcy, they were out of money, broke, finished. They had a plan to try and claw their way back and the bakers said, "no".

What was Hostess offering?

The concessions, which affect both the bakery union and Teamsters, call for cuts in wages and benefits of 27 percent to 32 percent over the five-year contract, with an immediate wage cut of 8 percent, the bakery union said. The company stopped contributing to workers' pensions last year.

The bakery union represents about 5,680 Hostess workers, about 30 percent of Hostess' total work force.

Pretty steep cuts but still 68% to 73% > 0%.

Union idiots are free to choose this course of action but they are also going to have to live with the consequences of that choice. The important thing is that these people get no public assistance benefits whatsoever. In this economy there is no reason that people struggling to get by should subsidize people who throw away jobs.

People voted for irresponsibility, now they must get it. No soft landings, no pity. It's time for harsh lessons to be learned.


digg this
posted by DrewM. at 10:13 AM

| Access Comments




Recent Comments
Moron Robbie - If this is how Georgia hires attorneys, imagine how they manage elections: "I think it was grump928 who made an outstanding po ..."

Don Black: "is everyone over on the main page, slapping f5 lik ..."

JackStraw: ">>The long-shredded pretense to impartiality is su ..."

Moron Robbie - If this is how Georgia hires attorneys, imagine how they manage elections: "Wakandyass it is! ..."

Don Black: "NYR 0 COL 0 end 1st p 🏒 ..."

Alberta Oil Peon: "If the Wakandians hadn't been isolationists then t ..."

Puddleglum at work: "[i]173 167 I’ve often speculated that the re ..."

Moron Robbie - If this is how Georgia hires attorneys, imagine how they manage elections: "If the Wakandians hadn't been isolationists then t ..."

Ciampino - Bloody 'experts' again ...: "158 For being the alleged "birthplace of civilizat ..."

sock_rat_eez - these lying bastardi e stronzi have been lying to us for decades [/b][/u][/i][/s]: "got to have a spread of alternatives, amirite? ..."

Bulgaroctonus : "167 I’ve often speculated that the reason th ..."

Hairyback Guy: "Anita Bryant > All Other Female Crooners ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64