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URL:  http://boards.fool.com/in-this-case-the-workers-will-have-to-settle-for-30386272.aspx

Subject:  Re: No more Twinkies! Date:  11/16/2012  8:46 PM
Author:  steve203 Number:  408741 of 465277

In this case, the workers will have to settle for unemployment insurance rather than the wages they demanded.

Tonight the CBS News covered this story, including a reporter talking to a worker on the picket line at the Seattle plant.

reporter: "why put yourselfs out of work"

worker, who had worked there 37 years: by the time they took away the pension, cut pay and charged more for health insurance, we would be making about minimum wage

Here's the report

http://www.cbsnews.com/video/watch/?id=50135330n

Given that Hostess was controlled by a couple hedge funds, there could be more here than meets the eye: like knowingly putting the company out of business, so the brands could be sold for a quick buck, without the baggage of actual pysical assets and without an existing workforce.

Steve
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