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Subject:  Re: Twinkies no more...... Date:  11/16/2012  11:56 AM
Author:  vkg Number:  655493 of 876453

telegraph wrote: 18,500 workers lose their pensions and benefits as the company goes bankrupt.

They probably won't lose their pensions.

Pensions are mostly guaranteed, but payments might be reduced.

Work related benefits will be lost. Cobra doesn't apply when a company stops offering health insurance. Any pay due and vacation are high priority creditors.

At least the strike against Nob Hill/Raleys was short. With increased competition, if the strike had been longer the chain would have folded.
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