Hostess, maker of Twinkies, Wonder Bread, and other stuff, is going out of business because they can’t afford to give their workers’ union handjobs.
image unrelated, it just came up in a GIS for “ding dongs”.
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn said in announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “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.”
So rather than accept a 2% drop in their pensions to help keep the business afloat, these union workers now find themselves without jobs or pensions, which will be liquidated to help pay off company debts. Unfortunate for the non-union workers caught up in the bloodshed but hey, they don’t even count, do they.
“Most employees who lose their jobs should be eligible for government-provided unemployment benefits,” Hostess said.
Ooooooooooooo. That should sting.