The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Twinkies no more......||Date: 11/16/2012 9:44 AM|
|Author: telegraph||Number: 655452 of 753403|
Nasty union goons and leaders kill Twinkies....
"Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.
“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.”"
The assets will probably be bought up by a Mexican conglomerate, which will avoid paying any US income taxes , at pennies on the dollar, and move most production to Mexico, where it will be hauled to US markets on trucks driven by Mexican truck drivers under NAFTA rules.
18,500 workers laid off in the Obama economy.
18,500 workers lose their pensions and benefits as the company goes bankrupt.
Likely this is the start of a whole raft of industries going bust with all the strangulation from union demands, Obama regulations, Obama rules and ObamaKare.
I wonder what a Mexican made Twinkie will contain and how it will taste? Jalapeno Twinkies? red White and Green wrapper?
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|