Hostess CEO: Buyers lining up for our brand

posted at 12:01 pm on November 19, 2012 by Ed Morrissey

The rush to stockpile Twinkies and Ho-Hos the past week may have been premature, according to ABC News.  Hostess will appear in bankruptcy court today to settle the sale of assets in their liquidation, brought on by a failure to reach a settlement with the bakers’ union.  However, Hostess CEO Gregory Rayburn says that they have already received offers to buy the brands — including a very promising offer from a Mexican group that may have a better economic model than can be found in the US:

“I think we’ll find buyers,”  CEO Gregory F. Rayburn told ABC News on Sunday.  ”A few have surfaced already since Friday expressing interest in the brand to acquire them.”

Con Agra and Flowers Foods are among the companies that have expressed interest in Hostess, but Mexican company El Grupo Bimbo may have an edge, the Christian Science Monitor reported Saturday.  Grupo Bimbo, headed by Mexican billionaire Daniel Servitje Montull, is the largest bread-baking company in the world.

Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers, the Monitor reported.  Grupo Bimbo could take advantage of lower sugar prices in Mexico.

First, this development has no small amount of irony.  The labor movement has attacked Republicans for many long years for off-shoring jobs in the name of free trade. Thanks to the bakers’ union, we may end up with almost 19,000 jobs heading south of the border, in the factories of Grupo Bimbo.  The protectionist sugar tariffs that both parties have extended and championed may end up having their own ironic role in these job losses, too.

Meanwhile, the head of the bakers’ union continues to dream big:

Frank Hurt, president of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union told the Wall Street Journal that there’s “more than a good chance” someone would swoop in to buy the company’s 30 brands and preserve jobs. He said that Twinkies and Wonder Bread are popular and they will be “produced somewhere, some time and by our members.”

Don’t bet on it.  If they’re produced anywhere in the US, expect those jobs to end up in right-to-work states.  Future buyers got a pretty good look at the irrational leadership of this union — which even the Teamsters tossed under the bus — and they’ll know better than to put the new company in the same position as the old company.

For the moment, we don’t know whether we’ll ever see a Twinkie come off the production line again, but I doubt the situation will be quite as dire as this (warning: not safe for work – language):

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However, Hostess CEO Gregory Rayburn says that they have already received offers to buy the brands — including a very promising offer from a Mexican group that may have a better economic model than can be found in the US

You mean like cheap labor?

Doughboy on November 19, 2012 at 12:03 PM

Heckuva job there, Unions!

kingsjester on November 19, 2012 at 12:04 PM

Or labor that isn’t willing to destroy the industry that employs it?

Haunches on November 19, 2012 at 12:05 PM

You mean like cheap labor?

Doughboy on November 19, 2012 at 12:03 PM

Yes exactly.

Chaz706 on November 19, 2012 at 12:05 PM

Can we outsource all federal services to Mexico? Not only it’d be much cheaper and more efficient, they also appear to love America more that union thugs do.

Archivarix on November 19, 2012 at 12:06 PM

My God.

Bimbo.

Instead of having a knock-off marketing tactic, they’ll just buy the f*kers.

budfox on November 19, 2012 at 12:07 PM

El Grupo Bimbo

lol

stefanite on November 19, 2012 at 12:07 PM

I totally called this. Mexican Twinkies, produced by Bimbo.

BTW, Bimbo makes some mighty tasty snacks…

JohnGalt23 on November 19, 2012 at 12:08 PM

Ho Ho We Won’t Go

faraway on November 19, 2012 at 12:09 PM

I hope El Grupo Bimbo buys the brand.

Then…(for MLS & Mexican soccer fans only)…

The Philadelphia Union & other teams might replace the BIMBO logo on their jerseys…with a picture of a Twinkie.

:D

22044 on November 19, 2012 at 12:10 PM

Bimbo already makes Thomas English Muffins and all the Entemann’s baked goods on the shelves now. They can handle it with ease.

Mr. D on November 19, 2012 at 12:11 PM

mmmm….Twinkaladas!!

pecan pie on November 19, 2012 at 12:11 PM

El twinkie?

Señora Ho Ho?

Electrongod on November 19, 2012 at 12:11 PM

Bimbo is a great fit. No joke.

runner on November 19, 2012 at 12:14 PM

Mmmm…I want a Bimbo Twinkie!

OxyCon on November 19, 2012 at 12:15 PM

Twinkie Mules crossing the border illegally suddenly sound okay.

portlandon on November 19, 2012 at 12:16 PM

Anyone who starts or maintains a business in a closed shop state, is begging for failure.

Rebar on November 19, 2012 at 12:16 PM

I totally called this. Mexican Twinkies, produced by Bimbo.

BTW, Bimbo makes some mighty tasty snacks…

JohnGalt23 on November 19, 2012 at 12:08 PM

“Mexican Twinkies” sounds like an hallucinogen delivery method.

Yeah, we buy Bimbo stuff for the kids. In part because, thanks to U.S. sugar tariffs and unions, they’re a whole lot cheaper than Hostess.

29Victor on November 19, 2012 at 12:17 PM

El Twinkio.
Los Ding Dongs.

Will there be frogs on the labels?

Oil Can on November 19, 2012 at 12:17 PM

If Bimbo buys Hostess the baker’s union will remain unemployed.

dogsoldier on November 19, 2012 at 12:17 PM

Tengo hambre de el twinkie.

PatriotGal2257 on November 19, 2012 at 12:18 PM

LOL I wonder how those 18000 people that lost their jobs feel about this. I can bet most would automatically be denied employment if they are re opened.

watertown on November 19, 2012 at 12:18 PM

It seems like the other problem they have is that all the stores, like Walmart, have really nice bakeries offering fresh made-daily pastries and even day-old pastries that they sell cheap. 30 years ago you might have needed to buy a box of twinkies to satisfy your pastry urges, but not now.

I think the Mexicans do buy a lot of that Bimbo stuff, though, and the extra miles to import it means that stuff is older than Hostess. Probably is comfort food that reminds them of home. Except for vending machines at rest areas, I can’t imagine why anyone would buy the Hostess/Bimbo stuff.

Buddahpundit on November 19, 2012 at 12:18 PM

Anyone who starts or maintains a business in a closed shop state, is begging for failure.

Rebar on November 19, 2012 at 12:16 PM

How long until Right to Work laws are nullified by Executive fiat?

29Victor on November 19, 2012 at 12:19 PM

Heh. Time for another extra-constitutional Executive Order from President Zero. “Any brands previously produced in Amerika by Union Thugs which end up offshore shall hereafter pay an import tax of 200%.”

Count on it.

2ndMAW68 on November 19, 2012 at 12:19 PM

Why is HA latching onto this story when no politician -from either side- will touch it? The current CEO has publicly stated that mismanagement is as much at fault as any union dispute for the company being in and out of bankruptcy for years. Also admitted is the fact that bankruptcy proceedings have often been a ruse- no more than a management negotiating tactic.

If the conservative position is that unions too often behave in a manner detrimental to the free market, why aren’t the Teamsters’ concessions the bigger story here?

So why is HA pushing this?

Well, it does make for good “knee-jerk” hit generator…

And I don’t like being played, Ed.

M240H on November 19, 2012 at 12:19 PM

Y los HoHos.

PatriotGal2257 on November 19, 2012 at 12:19 PM

Before you know it there’ll be a smuggling racket outpacing pot and cocaine bringing the little stuffed cakes across the border….

you just can’t write this any funnier.

ted c on November 19, 2012 at 12:19 PM

“Me gusta Twinkies”

22044 on November 19, 2012 at 12:20 PM

drop the chalupa twinkies

ted c on November 19, 2012 at 12:20 PM

You quiero twinkies!

ted c on November 19, 2012 at 12:20 PM

Gluten Free, Soy Twinkies ? Anyone ?

FlaMurph on November 19, 2012 at 12:20 PM

Personally I think hostess went full Galt. they obviously had all they could take of the Unions telling them how to run their business and quoted Popeye the sailor to the Unions. “I’ve had all I can stands cause I can’t stands no more”…

SWalker on November 19, 2012 at 12:22 PM

How long until Right to Work laws are nullified by Executive fiat?

29Victor on November 19, 2012 at 12:19 PM

Or if Mexican companies in the US are nationalized.

Oil Can on November 19, 2012 at 12:22 PM

Well, if nothing else, this is helping me brush up on my Spanish.

(Besides reading all the Spanish on every bit of product packaging I buy)

PatriotGal2257 on November 19, 2012 at 12:23 PM

Any bets – the labor union comes up with the money and buys it?

jake-the-goose on November 19, 2012 at 12:23 PM

If I was the owner of hostess, I would sell the business to bimbo just out of spite for what the union thugs did to close the company! And the union thugs would still be out of a job, but if the business was sold to a US company with union thugs the same thing could happen again to crater the company?
L

letget on November 19, 2012 at 12:24 PM

The Obama administration is alive and the Twinkee is dead –Joe Biden

18-1 on November 19, 2012 at 12:27 PM

Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers,

Not just cheap labor either kids.
And by cheap labor I mean : no EEOC, no sexual harassment lawsuits because you have a picture of your wife on your desk, no Obamacare penalties, no minimum wage, no union problems.
So, that tariff to protect sugar beet farmers helps put thprice for sugar in the US to 200-300% above the world price and makes Archer-Daniel’s Midland rich as the purveyor of the substitute for granulated sugar- high fructose corn syrup!
Ain’t over-reaching government grand?

Amendment X on November 19, 2012 at 12:27 PM

First, this development has no small amount of irony. The labor movement has attacked Republicans for many long years for off-shoring jobs in the name of free trade. Thanks to the bakers’ union, we may end up with almost 19,000 jobs heading south of the border, in the factories of Grupo Bimbo.

South of the border Ed? Isn’t Bimbo Bakeries USA already the largest baking company in the US?

DarkCurrent on November 19, 2012 at 12:29 PM

You mean like cheap labor?

Doughboy on November 19, 2012 at 12:03 PM

and cheaper sugar … and Mexico does not have the highest corp. tax rate in the world …. there are 3 reasons ….

the cream filling will be different with the Jalapeno peppers in it :D

and wait for the refried bean HoHo’s …
:D

conservative tarheel on November 19, 2012 at 12:29 PM

Oil Twinkies for Citizenship

portlandon on November 19, 2012 at 12:31 PM

Any bets – the labor union comes up with the money and buys it?

jake-the-goose on November 19, 2012 at 12:23 PM

No way … then the union would have to PRODUCE …. not going to happen …

conservative tarheel on November 19, 2012 at 12:31 PM

Any bets – the labor union comes up with the money and buys it?

jake-the-goose on November 19, 2012 at 12:23 PM

Not a chance. Unless Obama orders a Twinkie bailout…

22044 on November 19, 2012 at 12:32 PM

Sugar tariffs? So that’s the reason why Mexican’s use real sugar in their Coca-Cola and the U.S. doesn’t.

Coca-Cola+real sugar+glass bottles. Yum!

JPeterman on November 19, 2012 at 12:32 PM

Idiot unions

Own this

Twinkies en espanol

cmsinaz on November 19, 2012 at 12:33 PM

Voter from WA State on November 19, 2012 at 12:30 PM

do you now buy Thomas english muffins? they are made by the same company that is looking to buy Hostess … how bout Entemanns same deal ….

conservative tarheel on November 19, 2012 at 12:33 PM

Not a chance. Unless Obama orders a Twinkie bailout…

22044 on November 19, 2012 at 12:32 PM

right … G-D forbid the union pony up its own money …

conservative tarheel on November 19, 2012 at 12:35 PM

Any bets – the labor union comes up with the money and buys it?

jake-the-goose on November 19, 2012 at 12:23 PM

I’ll take that bet. No way the union buys it. They are parasites…they don’t know how to produce on their own.

ChrisL on November 19, 2012 at 12:36 PM

All Hostess products are crap so it’s a shame they are coming back from a deserved death.

profitsbeard on November 19, 2012 at 12:36 PM

Bimbo bought Fort Worth-based Mrs. Baird’s Bread several years ago, and they’ve run it smoothly, without any noticeable change to the products. My guess is they would re-open some of the U.S. plants (or shift production to other U.S. plants), without the unions, of course.

Ward Cleaver on November 19, 2012 at 12:38 PM

Lol
Tears in my eyes laughing at these posts

Never change HA

cmsinaz on November 19, 2012 at 12:38 PM

there’s “more than a good chance” someone would swoop in to buy the company’s 30 brands and preserve jobs. He said that Twinkies and Wonder Bread are popular and they will be “produced somewhere, some time and by our members.”

So the baker’s union is moving to Mexico?

GarandFan on November 19, 2012 at 12:39 PM

Just think of the jokes when Grupo Bimbo starts selling Ho Ho’s.

myiq2xu on November 19, 2012 at 12:42 PM

All Hostess products are crap so it’s a shame they are coming back from a deserved death.

profitsbeard on November 19, 2012 at 12:36 PM

I must of ate a 1,000 Ding Dongs when I was a kid. However, it’s been like 20 years or so.

Oil Can on November 19, 2012 at 12:43 PM

All Hostess products are crap so it’s a shame they are coming back from a deserved death.

profitsbeard on November 19, 2012 at 12:36 PM

Well, as proven by the 2008 and 2012 election results, you have to give the public what they demand.

socalcon on November 19, 2012 at 12:44 PM

Just think of the jokes when Grupo Bimbo starts selling Ho Ho’s.

myiq2xu on November 19, 2012 at 12:42 PM

Or when grupo Bimbo starts showing around their Ding Dongs.

portlandon on November 19, 2012 at 12:44 PM

A post about Twinkies and a bimbo buying ‘em…the possibilities are endless ;)

changer1701 on November 19, 2012 at 12:45 PM

First, this development has no small amount of irony. The labor movement has attacked Republicans for many long years for off-shoring jobs in the name of free trade. Thanks to the bakers’ union, we may end up with almost 19,000 jobs heading south of the border, in the factories of Grupo Bimbo. The protectionist sugar tariffs that both parties have extended and championed may end up having their own ironic role in these job losses, too.

Bimbo has a US division and has factories all over the United States, so those 19,000 jobs won’t necessarily head south of the border. Moreover, Bimbo’s workers are already unionized, and the company owns a slew of companies that make breads and baked goods, such as Sara Lee, Entemann’s and Thomas (as mentioned above), Boboli, etc. They also make Wal-Mart baked goods. Bimbo was the first group I thought of when it was mentioned that other buyers would snatch up Hostess products. Wouldn’t surprise me in the least if it happened.

Rufus Wilson on November 19, 2012 at 12:45 PM

Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers

First you get the sugar…then you get the power…then you get the women.

NickelAndDime on November 19, 2012 at 12:45 PM

The Hostess shelves have been mighty lonely in the supermarkets in our area. They had decided this was the week to run them on sale. Timing is everything.

Cindy Munford on November 19, 2012 at 12:46 PM

So the baker’s union is moving to Mexico?

GarandFan on November 19, 2012 at 12:39 PM

Entertaining to see the Unions try and strongarm their way into Mexico…

{smiling @ visual of union thug’s decapitated heads rolling across the crowded disco floor, heh!}

socalcon on November 19, 2012 at 12:47 PM

Consultant Mike Murphy should be called in to consultant the Unions.

Twink-a-licious.

PappyD61 on November 19, 2012 at 12:48 PM

Not a chance. Unless Obama orders a Twinkie bailout…

22044 on November 19, 2012 at 12:32 PM

Think bigger. Think socialized food regulation through Obamacare. Obesity is a health problem, which then comes under Obamacare. The US need needs to nationalize all junk food to ensure it’s low cal or have soy alternatives.

Oil Can on November 19, 2012 at 12:49 PM

How long before unions turn the table resulting in Americans jumping the fence to get into Mexico?

Anyway, I really can’t put total blame for this on the unions…this time at least…and ya gotta see these cuts in pay and benefits from a worker’s point of view…they all have bills to pay and families to feed like anyone else. If any of us here were told, union or no union, that we’d have to accept pay cuts and give back some of our current health plans, would you do it? Even in a job market like we have these days?

Not without a fight at least.

JetBoy on November 19, 2012 at 12:49 PM

Ho Ho’s will now be Jo Jo’s, but pronounced “ho ho’s.”

Akzed on November 19, 2012 at 12:50 PM

… Bimbo’s workers are already unionized…They also make Wal-Mart baked goods…

Rufus Wilson on November 19, 2012 at 12:45 PM

Union worker providing goods to the evil capitalist exploiter Walmart? Where’s the “brotherhood”– a strike in sympathy will shut down Walmart!!!

socalcon on November 19, 2012 at 12:51 PM

Ho Ho’s made by Bimbo

pastselldate on November 19, 2012 at 12:51 PM

JetBoy on November 19, 2012 at 12:49 PM

You never disappoint.

Akzed on November 19, 2012 at 12:51 PM

Even if Bimbo buys it, their bakeries will still mostly be in the U.S. Baked goods are very time sensitive, and any days spent transporting them from Mexico to the U.S. means a shorter shelf life, more spoilage, and fewer sales.

AngusMc on November 19, 2012 at 12:52 PM

the cream filling will be different with the Jalapeno peppers in it :D

and wait for the refried bean HoHo’s …
:D

conservative tarheel on November 19, 2012 at 12:29 PM

Lime and chile. Everything in Omaha now comes smothered in lime and chile. Even the danged popsicles.

Bimbo occupies vast swaths of grocery shelf space in southeast Omaha. Anything from Mexico occupies lots of grocery shelf space. I finally got in the face of the manager of the grocery store I used to do most of my shopping at. The store had advertised a certain food item I like for lunch, but was totally out of the regular version — and the space was filled with the Mexican version. I told him that there was still a significant population of non-Hispanics in the store’s area. I also told him I would no longer be shopping at his store, but at another local chain.

catsandbooks on November 19, 2012 at 12:52 PM

Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers, the Monitor reported.

Should be a facepalm moment, right there. But I’m sure it’s true that both parties agreeed on the kind of pandering involved in this protectionism. It may be the only true bipartisanship we have in this country.

As if that’s a good thing….

tom on November 19, 2012 at 12:53 PM

Also admitted is the fact that bankruptcy proceedings have often been a ruse- no more than a management negotiating tactic.

M240H on November 19, 2012 at 12:19 PM

A ‘ruse’ and a ‘negotiating tactic’? Admitted by Hostess? Gee, seems like they weren’t using a ‘ruse’ to me.

blindside on November 19, 2012 at 12:54 PM

Funny Bones, made by Bimbo

pastselldate on November 19, 2012 at 12:54 PM

Blue Point and Monarch tripled the payments to themselves despite the company entering bankruptcy, and you blame the unions? lol

Rainsford on November 19, 2012 at 12:54 PM

Anyway, I really can’t put total blame for this on the unions…this time at least…and ya gotta see these cuts in pay and benefits from a worker’s point of view…they all have bills to pay and families to feed like anyone else. If any of us here were told, union or no union, that we’d have to accept pay cuts and give back some of our current health plans, would you do it? Even in a job market like we have these days?

Not without a fight at least.

JetBoy on November 19, 2012 at 12:49 PM

They’re going to have a tougher time feeding families and paying bills on a $0 salary. And I doubt most of these guys will get jobs making anything like they were going to make, even with the cuts.

But, by all means, this wasn’t the result of union going on strike…oh wait.

blindside on November 19, 2012 at 12:56 PM

JetBoy on November 19, 2012 at 12:49 PM

The workers turned down a 8% pay cut, so they got a 100% paycut.

portlandon on November 19, 2012 at 12:56 PM

the cream filling will be different with the Jalapeno peppers in it :D

and wait for the refried bean HoHo’s …
:D

conservative tarheel on November 19, 2012 at 12:29 PM

The Ding Dongs will be wrapped with corn husk and have chocolate and corn meal.

Oil Can on November 19, 2012 at 12:59 PM

catsandbooks on November 19, 2012 at 12:52 PM

Surrender! The long term outcome is inevitable.:)

a capella on November 19, 2012 at 1:00 PM

Another fascinating irony here, the union involved (which, by the way, only represents a fraction of the company’s employees) refused repeated calls – from the Teamsters no less – to allow their members to actually vote on the deal on the table in the Bankruptcy proceeding in a legitimate secret ballot. Instead, the deal was rejected on a voice vote in local meeting halls (and all of those weren’t even NO’s).

No matter how the membership might have voted in a legitimate balloting, the irony is that jobs may now be lost for Americans and shipped to Mexico because an American labor union refused to allow a democratic process – voting – to take place.

It’s union insanity at its highest.

And all my whacked friends can talk about is “union busting” without even a whiff of the facts of this individual case. It’s sort of like Barack Obama. Once you adopt the position that he’s infallible, it’s amazing how many logic pretzels are created to explain what he says or does. Same here. If unions are all the same and none of them, or their leadership, can ever be wrong (or develop a case of dumb-ass disease with respect to the leadership), then it’s all about big bad corporations and fat cats and poor union families with multiple babies being sent out into a blizzard with no shoes.

Maybe they’ll make a musical.

IndieDogg on November 19, 2012 at 1:02 PM

For a summary of the company killing rules these thugs imposed, see here:http://sweetness-light.com/archive/absurd-union-benefits-and-rules-killed-hostess?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+sweetness-light%2FsURR+%28Sweetness+%26+Light+-+Articles%29

Hostess’s 372 collective-bargaining agreements required the company to maintain 80 different health and benefit plans, 40 pension plans and mandated a $31 million increase in wages and health care and other benefits for 2012.

Union work rules usually required cake and bread products to be delivered to a single retail location using two separate trucks. Drivers weren’t allowed to load their own vehicles, and the workers who loaded bread weren’t allowed to load cake. On most delivery routes, another “pull up” employee moved products from back rooms to shelves.

pat on November 19, 2012 at 1:02 PM

The other ironic aspect of this development is that thousands of jobs going to Mexico means thousands less illegal immigrants coming into the USA.

Cheetah1956 on November 19, 2012 at 1:02 PM

JetBoy on November 19, 2012 at 12:49 PM

Silly…pay cuts are for other people.

Things would be sooo much better if everyone else were willing to work for Third World wages. Doesn’t affect the rest of us.

Dr. ZhivBlago on November 19, 2012 at 1:03 PM

It seems like the other problem they have is that all the stores, like Walmart, have really nice bakeries offering fresh made-daily pastries and even day-old pastries that they sell cheap. 30 years ago you might have needed to buy a box of twinkies to satisfy your pastry urges, but not now.

I think the Mexicans do buy a lot of that Bimbo stuff, though, and the extra miles to import it means that stuff is older than Hostess. Probably is comfort food that reminds them of home. Except for vending machines at rest areas, I can’t imagine why anyone would buy the Hostess/Bimbo stuff.

Buddahpundit on November 19, 2012 at 12:18 PM

Maybe in your Walmart but not any of the ones around here. Their baked goods are not cheap at all and are not tasty. I can do better at other supermarket chains. That said, the biggest competition here for Hostess is Little Debbie, Tastykakes, and Entenmanns.
By the way, some Grupo Bimbo brands:
Brownberry
Arnolds
Thomas
Stroehmanns
Entenmanns
Sara Lee fresh baked not frozen
And they already make Wonder Bread for the Mexican market

Deanna on November 19, 2012 at 1:06 PM

Anyway, I really can’t put total blame for this on the unions…this time at least…and ya gotta see these cuts in pay and benefits from a worker’s point of view…they all have bills to pay and families to feed like anyone else. If any of us here were told, union or no union, that we’d have to accept pay cuts and give back some of our current health plans, would you do it? Even in a job market like we have these days?

Not without a fight at least.

JetBoy on November 19, 2012 at 12:49 PM

I have done that before. A few years ago at my old job, the owners instituted a 10% cut across the board and had to lay off a few people. You accepted it, or you left (there was no union).

changer1701 on November 19, 2012 at 1:09 PM

The Obama administration is alive and the Twinkee is dead –Joe Biden

18-1 on November 19, 2012 at 12:27 PM

Needed to “laugh out loud” today and this post did it Thank you.

polarglen on November 19, 2012 at 1:09 PM

Well, it does make for good “knee-jerk” hit generator…
And I don’t like being played, Ed.
M240H on November 19, 2012 at 12:19 PM

You do realize that you’re free to leave, right?

You’ve been played like Jack Benny’s violin.

turfmann on November 19, 2012 at 1:11 PM

A bit about Grupo. They own plants in the USA from acquisitions. But I think they are going to be tougher on the unions. They got hit with the Sara Lee acquisition and its pension costs, weren’t too thrilled, and ended up closing some plants. So we’ll see.

Deanna on November 19, 2012 at 1:15 PM

If any of us here were told, union or no union, that we’d have to accept pay cuts and give back some of our current health plans, would you do it? Even in a job market like we have these days?

Not without a fight at least.

JetBoy on November 19, 2012 at 12:49 PM

But people do all the time, Jet. Work that covers part of their insurance plan starts to slowly increase the amount the employee has to pay to keep the coverage. Or what started as offering a family plan is replaced by an individual plan with a large fee to add on family members. Or maybe when you were first hired you got eye and dental, but after a few years those are dropped.

Maybe instead of a pay cut, you just don’t get a pay raise every year like you were promised, these things happen and they happen all the time.

And in fact they’ve all happened to me, but I wouldn’t risk my yearly salary in a job that pays enough to support my family to complain over some perks.

Now I will agree with you that it sounds like management made plenty of mistakes, too such as granting themselves large raises and using bankrupcy as a threat one time too often (boys, wolf, call, some assembly required), but your point about risking your whole salary and all of your family’s health care because of the potential loss of some of it really isn’t responsible especially in this job market. And even if they did feel it was worth a fight, there’s a time to realize that the forest has become comlpletely invisible with all the individual trees in the way.

Especially with skills that are reasonably easy to train someone else in.

DrAllecon on November 19, 2012 at 1:15 PM

pat on November 19, 2012 at 1:02 PM

Unions at its best. I see this first hand at work every day. “Not mine/your job” is the famous saying. It can be frustrating because we have a good mix of types of workers, sadly, those that are lazy are the ones that hurt the others the most and drag them down.

watertown on November 19, 2012 at 1:17 PM

Totally unpatriotic. The company people should be held personally liable. Bring every one in front of the Unification Board.

tom daschle concerned on November 19, 2012 at 1:18 PM

El Grupo, ohhh bada bing bada Bimbo! Yeah.

jake49 on November 19, 2012 at 1:19 PM

Akzed on November 19, 2012 at 12:50 PM

lol

cmsinaz on November 19, 2012 at 1:21 PM

Frank Hurt, president of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union told the Wall Street Journal that there’s “more than a good chance” someone would swoop in to buy the company’s 30 brands and preserve jobs. He said that Twinkies and Wonder Bread are popular and they will be “produced somewhere, some time and by our members.”

You know that if he’s saying this, he’s got to be feeling the heat from his union members. If he planned to deliberately blow the company up to make some kind of statement of union power, it sure seems to have backfired.

Doomberg on November 19, 2012 at 1:26 PM

the cream filling will be different with the Jalapeno peppers tequila in it :D

conservative tarheel on November 19, 2012 at 12:29 PM

FIFY

dominigan on November 19, 2012 at 1:26 PM

Frank Hurt, president of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union

If the name fits…

22044 on November 19, 2012 at 1:29 PM

I live in Spain on a little island off the coast. Bimbo is a BIG brand here too. And, their product (the loaf breads) is absolute shyte. Their choco-covered this and that´s will fit right in – nobody´ll notice.

Union sheetcans 19,000 families. Merry-Fekking-Christmas!

james hooker on November 19, 2012 at 1:29 PM

If any of us here were told, union or no union, that we’d have to accept pay cuts and give back some of our current health plans, would you do it? Even in a job market like we have these days?

Not without a fight at least.

JetBoy on November 19, 2012 at 12:49 PM

Absolutely I would! In fact, I did it about 10 years ago when we went through a recession. I took a 10% pay cut and employee costs for healthcare increased 25% to save the company… which it did. I watched as other IT consulting companies went under while ours stayed solvent.

dominigan on November 19, 2012 at 1:29 PM

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