Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Next Thread
Author: spl241 Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 44847  
Subject: An Open Letter Date: 11/16/2012 5:24 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
To the Hostess Company:

You meant business with the bakers' union: you said your recent contract offer was your last offer. They said No and continued striking. Now you're liquidating your assets, filing for bankruptcy, and 18,000 employees will take their last walk. 2 of your plants are 65 miles from me in Indy. I'm sorry to see you go. I'm sorry that 33 bakeries, 565 distribution centers, and 570 outlet stores will be no more.

I haven't had Wonder Bread, a Twinkie, a HoHo, a Ding Dong, or one of your cupcakes in years. I'm diabetic, and I have to walk past your stuff now.

Besides job losses, I think I regret most losing an American icon. You never claimed you were "healthy" for us. As a kid, I didn't care if your bread "built strong bodies 12 ways" or not, but it was magnifique with a gob of PB & J on it. Then you got in trouble when you said that the calcium you later added made a 13th benefit by improving kids' brain function and memory. The FTC said, "Hey, got any scientific proof for that?" Ouch. In 2002, you had to go back to the time-honored 12 ways.

I ate gobs of Hostess as a kid. Now, it's like a tiny piece of childhood going to its grave. RIP, sadly.
Print the post Back To Top
Author: Myownigloo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39948 of 44847
Subject: Re: An Open Letter Date: 11/16/2012 5:30 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
Besides job losses, I think I regret most losing an American icon.

And one less thing on a stick at the WI State Fair....

MOI

Print the post Back To Top
Author: qazulight Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39949 of 44847
Subject: Re: An Open Letter Date: 11/16/2012 5:44 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 8
I ate gobs of Hostess as a kid. Now, it's like a tiny piece of childhood going to its grave. RIP, sadly.

Don't worry. Buy some Twinkies. They'll keep.

Forever

Cheers
Qazulight

Print the post Back To Top
Author: Hetepheres Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39950 of 44847
Subject: Re: An Open Letter Date: 11/17/2012 9:23 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
In Germany, I understand that union reps are on the boards of the companies whose workers they represent. That gives them a "heads up" on how the business is going.. Apparently these union workers had no way to know that the company wasn't bluffing in negotiation.

I heard on the news that they have been doing badly for some time as buyers went to more healthy snacks. I don't understand why they didn't move their product line in that direction.

my 2¢

Hetep

Print the post Back To Top
Author: yeilBagheera Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39951 of 44847
Subject: Re: An Open Letter Date: 11/17/2012 4:17 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
Notice the gourmet cupcakes in the urban trendy areas and resort towns: Hostess did not change with the times.

And the economic strain is worse on folks who are looking for cheap baked goods.

Seems to this non-businesswoman that this is an example of the creative destruction for free enterprise capitalism

Print the post Back To Top
Author: legalwordwarrior Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39952 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 10:32 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Apparently these union workers had no way to know that the company wasn't bluffing in negotiation.

I heard from a collegue that the AFL-CIO had approved the offer from Hostess, but the local reps refused it. I think they just got greedy and didn't want to know that the company wasn't bluffing.

BTW: all may not be lost. As I called it last week on FB, it looks like Bimbo may make another offer to buy the company. They were turned down with a previous offer of $580M, now Hostess is only worth about $1235M, so it could be a bargain for them. They bought out Mrs. Bairds a few years ago and the quality and taste of the products has remained the same.

LWW

Print the post Back To Top
Author: ishtarastarte Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39953 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 12:26 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
I heard from a collegue that the AFL-CIO had approved the offer from Hostess, but the local reps refused it. I think they just got greedy and didn't want to know that the company wasn't bluffing.



AFL-CIO was not involved in this; it was the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that called the strike.

Ishtar

Print the post Back To Top
Author: Myownigloo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39954 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 12:35 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 7
AFL-CIO was not involved in this; it was the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that called the strike.


The BCTGM is affiliated with the AFL-CIO. AFL-CIO is even on the bottom of their seal/logo.

MOI

Print the post Back To Top
Author: ishtarastarte Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39955 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 12:38 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
ah, you're right, but that doesn't mean the parent organization had the negotiating power.

Ishtar

Print the post Back To Top
Author: Windowseat Big funky green star, 20000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39956 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 12:46 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
but that doesn't mean the parent organization had the negotiating power.

They didn't, but if the giant union organization says that a strike is a bad idea, that usually means that it really is a bad idea.

I suspect the parent organization knew how bad things were and were trying to keep the company alive.

Nancy

Print the post Back To Top
Author: ishtarastarte Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39957 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 12:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
So, let's say they didn't strike.

The company was already limping, having declared bankruptcy and restructured not all that long ago and still didn't do much to recapture the lost market share.

How much longer would it have lasted?

Ishtar

Print the post Back To Top
Author: Windowseat Big funky green star, 20000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39958 of 44847
Subject: Re: An Open Letter Date: 11/18/2012 1:05 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 10
How much longer would it have lasted?

Very likely not long, but probably past Christmas. And they might have been able to negotiate a merger that might have kept some jobs going.

Several decades ago the auto unions struck a deal with the major auto companies that essentially said that the unions would never be forced to accept givebacks, and if the auto companies did ask for a giveback they would open the books to the union and allow the union a seat on the board of directors.

So when Lee Iacocca became head of Chrysler while the company was desperately trying to stay afloat, he realized that givebacks were the only way to keep the company operating. So they had to open the books and put a union guy on the board.

The union thus felt that they were being dealt with fairly. I don't know if opening the books to the union is something companies do, but in some cases it might help.

As I said elsewhere, plenty of blame on both sides.

Nancy

Print the post Back To Top
Author: joycets Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 39972 of 44847
Subject: Re: An Open Letter Date: 11/23/2012 3:48 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
it looks like Bimbo may make another offer to buy the company.

Yay me!
I guessed this and told my husband it today, without hearing any media about it whatsoever. Would certainly prefer a somewhat local company (Bimbo es de Mexico, si?)to some other place.

joycets

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Next Thread
Advertisement