[herbie]

Look st it this way boys:
The peanuts we want to pay you will still be more nutritious than our products!

[OldChum]

Gee wonder if health conciseness had any thing to do with sales drop

[Gunnair]

OldChum OldChum:

Gee wonder if health conciseness had any thing to do with sales drop

Health conscious - in the US?

[martin14]

We need a Twinkie bailout !

[Lemmy]

As if we needed ANOTHER argument in favour of for of marijuana legalization. Hostess would remain a viable business, their products never having enjoyed such strong consumer demand, as they would in a world of legalized pot.

[Gunnair]

Lemmy Lemmy:

As if we needed ANOTHER argument in favour of for of marijuana legalization. Hostess would remain a viable business, their products never having enjoyed such strong consumer demand, as they would in a world of legalized pot.

This was orchestrated by



PS - will still be available in Canada.

So to Curtman, you're full of shit! Guess what the gangs are going to grab onto once pot is legalized!

[Benn]

Gunnair Gunnair:

[

So to Curtman, you're full of shit! Guess what the gangs are going to grab onto once pot is legalized!

Indian Posse 2013! "Wez dont just pimp Hoes, we pimp Ho Hos!"

Ahh I feel a photo shop coming on!

[Jonny_C]

Fark Headline:

You could sit there wallowing in your own self-pity over the demise of Hostess treats. Or you could learn how to make Twinkies, Hostess Cupcakes, and Sno-Balls in your own kitchen

[Benn]

Nah, I'll buy mine from these guys!

[BeaverFever]

$1:

Kelly McParland: Death of the Twinkie offers a lesson in management-worker relations

....

The union retorts that management has no one but itself to blame, after bleeding, butchering and bankrupting the company through a decade of blundering decision-making, during which it tried to siphon off money for its executives while pilfering the workers’ pension.

It has to be said, the union makes a good case for itself.

The crisis facing Hostess Brands is the result of nearly a decade of financial and operational mismanagement that resulted in two bankruptcies, mountains of debt, declining sales and lost market share. The Wall Street investors who took over the company after the last bankruptcy attempted to resolve the mess by attacking the company’s most valuable asset – its workers.

… “The wholesale bread and cake baking business is unique. The most successful and profitable wholesale baking companies share common attributes, most notably being executive leadership with extensive background in the business and a skilled and dedicated workforce. Hostess Brands and its predecessor companies have had the latter for decades.

“Unfortunately however, for the past eight years management of the company has been in the hands of Wall Street investors, “restructuring experts”, third-tier managers from other non-baking food companies and currently a “liquidation specialist”. Six CEO’s in eight years, none of whom with any bread and cake baking industry experience, was the prescription for failure.

Pleading poverty, the company quit making payments to the pension plan, and demanded wage and benefit cuts of 27- 32 percent, the union says. Meanwhile, executives gave themselves pay raises of up to 80%. When the Journal reported the raises, creditors raised questions and the increases were cancelled. Instead, four of the bosses said they’d cut their salary to $1 until a bankruptcy procedure had ended.
.....

http://fullcomment.nationalpost.com/2012/11/16/kelly-mcparland-death-of-the-twinkie-offers-a-lesson-in-management-worker-relations/

[Gunnair]

Benn Benn:

Nah, I'll buy mine from these guys!

[Jonny_C]

It's a rare day when the National Post writes favourably about a union.

The whole thing points up capitalism at its worst.

[Jonny_C]

All is not lost yet...

http://worldnews.nbcnews.com/_news/2012 ... nkies?lite

Of course to me personally the loss of Twinkies means nothing. I can't even remember the last time I ate one.

Now Jos. Louis, on the other hand...

0:

jos louis.JPG [ 32.98 KiB | Viewed 277 times ]

[Xort]

OldChum OldChum:

Gee wonder if health conciseness had any thing to do with sales drop

One point, some others are the rise in price of fuel and wheat. Which wasn't matched with a rise in the price of the product.

As well as the company that bought them, desided that what Hostess needed was a few hundred million more in loans, to help pay them for their management service. Also 5 CEOs in 4 years, all who gave them self a rather large raise.

[bootlegga]

Where's the billion dollar government bailout for Hostess?