Twinkie Eats Its Workers
Photo by Larry D. Moore, used under a Creative Commons ShareAlike License.
Source of image: en.wikipedia.org/wiki/File:Hostess_twinkies_tweaked.jpg
Poor bamboozled slobs with Foxed & Koched minds are acting out delusions over the news that Hostess Brands, maker of Twinkies, is closing because, the corporation & Fox nooze claim, they were put out of business by that bugbear of the deranged right, labor unions. In what is itself a quite marvelous revelation, Forbes Magazine just published a corrective to the bullshit, which deserves reading:
Who Killed Hostess Brands and Twinkies?
11/16/12
By Helaine Olen
EXCERPT: More than a few observers say they know who to blame for the demise of the iconic company: the Bakery, Confectionary, Tobacco Workers and Grain Millers International union, which represents thousands of striking Hostess Brand workers who have refused to accept a new contract that would do everything from slash their salaries to their retirement benefits.
Time for a reality check.
Hostess has been sold at least three times since the 1980s, racking up debt and shedding profitable assets along the way with each successive merger. The company filed for bankruptcy in 2004, and again in 2011. Little thought was given to the line of products, which, frankly, began to seem a bit dated in the age of the gourmet cupcake. (100 calorie Twinkie Bites? When was the last time you entered Magnolia Bakery and asked about the calorie count?)
As if all this were not enough, Hostess Brands’ management gave themselves several raises, all the while complaining that the workers who actually produced the products that made the firm what money it did earn were grossly overpaid relative to the company’s increasingly dismal financial position.
Please continue to full text: www.forbes.com/sites/helaineolen/2012/11/16/who-killed-ho...
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18,000 workers are losing their jobs - miserable jobs, but in this corporatist nation simply what most jobs are.
Twinkie Eats Its Workers
Photo by Larry D. Moore, used under a Creative Commons ShareAlike License.
Source of image: en.wikipedia.org/wiki/File:Hostess_twinkies_tweaked.jpg
Poor bamboozled slobs with Foxed & Koched minds are acting out delusions over the news that Hostess Brands, maker of Twinkies, is closing because, the corporation & Fox nooze claim, they were put out of business by that bugbear of the deranged right, labor unions. In what is itself a quite marvelous revelation, Forbes Magazine just published a corrective to the bullshit, which deserves reading:
Who Killed Hostess Brands and Twinkies?
11/16/12
By Helaine Olen
EXCERPT: More than a few observers say they know who to blame for the demise of the iconic company: the Bakery, Confectionary, Tobacco Workers and Grain Millers International union, which represents thousands of striking Hostess Brand workers who have refused to accept a new contract that would do everything from slash their salaries to their retirement benefits.
Time for a reality check.
Hostess has been sold at least three times since the 1980s, racking up debt and shedding profitable assets along the way with each successive merger. The company filed for bankruptcy in 2004, and again in 2011. Little thought was given to the line of products, which, frankly, began to seem a bit dated in the age of the gourmet cupcake. (100 calorie Twinkie Bites? When was the last time you entered Magnolia Bakery and asked about the calorie count?)
As if all this were not enough, Hostess Brands’ management gave themselves several raises, all the while complaining that the workers who actually produced the products that made the firm what money it did earn were grossly overpaid relative to the company’s increasingly dismal financial position.
Please continue to full text: www.forbes.com/sites/helaineolen/2012/11/16/who-killed-ho...
------
18,000 workers are losing their jobs - miserable jobs, but in this corporatist nation simply what most jobs are.