A few Labor Leader, cost 18,500 people their jobs

A few Labor Leader, cost 18,500 people their jobs (Full Version)

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FatDomDaddy -> A few Labor Leader, cost 18,500 people their jobs (11/16/2012 8:21:33 AM)
I am sure the Union protectionist will try and obfuscate this thread but attacking the nutritional valve of Wonderbread and Hostess HoHos but here is a classic example of a Union selling its rank and file down the drain. The Teamsters understood in this economy concessions had to be made but for some reason The Baker's decided they wanted Hostess shut down, their assets sold off and a fraction of their rank and file, rehired down the line for less money and less benefits. 18,500 people without a job Let's hear a hardy well done for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union! Lets hold hands and sing the Internationale! Merry Christmas! OH... and for the people who might try and hijack over the nutritional value of a Twinkie... Somebody else will be making and selling them along with the rest of the Hostess line. UNION STRIKE KILLS CUPCAKE KING

subspaceseven -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:34:38 AM)
They are blaming the union, but when one looks at their stock prices and management, this is a surprise to no one. This is the second time they have filed for bankruptcy ( in under 10 years), though union workers took cuts, no one in management did If you look at their filing.... The company's last operating report, filed with the bankruptcy court in late October, listed a net loss of $15.1 million for the four weeks that ended in late September, mostly due to restructuring charges and other expenses. and "result of nearly a decade of financial and operational mismanagement" and that management was trying to make union workers the scapegoats for a plan by Wall Street investors to sell Hostess. I'm sure Bain can come in and ship everything overseas, what the hell a huge debt, only employees asked to pay for it and top exec's get full pay while running the company into to it's second bankruptcy... So they borrowed to much and wall street would not lend them anymore...Can you show me where the top exec's took a cut in pay????? Oh wait they will still get millions in golden parachute deals even when they file .. Maybe the market just got tired of Ho ho's and twinkes, white bread sales have been down for years,..but hey, it's a free market when you fail to adopt just blame the union, don't offer anything new.....just blame the worker in the factory...cause there is a black guy in the WH

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:41:55 AM)
The 7,000 Teamsters accepted the new contract... so I guess you think they are getting a golden parachute too huh??? So how is rejecting a new contract and closing the company going to help the 18,500 people out of work today? Here's the simple fact... They were not getting a better collective bargaining deal. Now they have even less.

mnottertail -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:43:58 AM)
http://management.fortune.cnn.com/2012/07/26/hostess-twinkies-bankrupt I think it is a classic case of criminal malfeasance by teabagger management types. And nothing to obfuscate, think of the savings in healthcare, less diabetics and toxic chemical ingestion cases.

subspaceseven -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:47:37 AM)
You focus on the contract....look at their sales...that is why they are going under.....that is why WS will not loan them anymore money....blame the union if you must... Show me the same cuts they are asking the union to make being made by the very people who ran up the debt????? You can't because they are getting raises... They have also turned down several offers to be purchased, but the voted against them...because corp bonus would be cut... so blame the factory worker while the white collar workers will get their full pay and retirement Hostess sales declined as consumers in the 1980s and '90s shied away from carbohydrate villains like snack cakes and white bread. Attempts to come up with new products didn't pan out. It didn't help that the company had roughly $450 million in debt by 2004. In September of that year, Hostess declared bankruptcy. Enter the cast of moneymen. After five years -- unusually long for a reorganization -- the company became a private entity, having won concessions from the unions and new capital from investors. The deepest pocket: Ripplewood Holdings, a PE firm based in midtown Manhattan that reportedly once managed $4 billion in capital.

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:48:12 AM)
And??? Let's say you are correct... What does that do for the workers out of a job, they would have had, if they accepted the collective agreement and not gone out on strike?

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:50:41 AM)
quote: ORIGINAL: subspaceseven so blame the factory worker while the white collar workers will get their full pay and retirement No, I am blaming the handful of their labor leaders, who still have a job!

cloudboy -> RE: A few Labor Leader, cost 18,500 people their jobs (11/16/2012 8:52:00 AM)
You are a ditto-head for the Drudge Report. Thanks for standing in for Sanity. We need the independent thought and pain staking research you put into your posting here at CM.

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 people their jobs (11/16/2012 8:53:40 AM)
SO... the story headline being on Drudge makes it untrue?

subspaceseven -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:54:34 AM)
Why not the white collars who ran up all the debt??????? Why not bitch they are not giving up any of their money????? Your tread title blames the union, the union is the workers who said no...so yea you are blaming the workers

farglebargle -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:55:46 AM)
If Management is too incompetent to negotiate sustainable labor contracts, I hardly think that's anyone's fault but the Management, right? And face it, BIMBO BAKERIES will just snatch up the brand, and continue business-as-usual...

mnottertail -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:59:04 AM)
quote: ORIGINAL: FatDomDaddy And??? Let's say you are correct... What does that do for the workers out of a job, they would have had, if they accepted the collective agreement and not gone out on strike? Well, since the fat cats took an 80% pay increase, while decreasing the workers pay 30% now they ask for another decrease? Fuck em, part out the company and somebody will buy up those bakeries that can make a go of it and pay a wage. I assume they stand on their principles and will not allow this companies socialist managemen to sway them.

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 8:59:53 AM)
And hire a few of the workers back, at less than they would have had a Hostess.

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:01:25 AM)
quote: ORIGINAL: mnottertail Well, since the fat cats took an 80% pay increase, while decreasing the workers pay 30% now they ask for another decrease? Fuck em, part out the company and somebody will buy up those bakeries that can make a go of it and pay a wage. The only people getting fucked are the labor force.

mnottertail -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:03:03 AM)
And you know Fats, sometimes you are faced with choices where there are no good choices, and this seems to be the most acceptable fucking to them, of all the fuckings on the cart.

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:03:58 AM)
quote: ORIGINAL: subspaceseven Why not the white collars who ran up all the debt??????? Why not bitch they are not giving up any of their money????? Your tread title blames the union, the union is the workers who said no...so yea you are blaming the workers 7000 Teamster Union workers said yes. So obviously, some people on the labor side felt having a good job outweighed the concessions they had to make.

mnottertail -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:05:07 AM)
Well, fats, what?, couple million voted for Willard. Some days your house burns up and some days your house burns down.

FatDomDaddy -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:07:15 AM)
quote: ORIGINAL: mnottertail And you know Fats, sometimes you are faced with choices where there are no good choices, and this seems to be the most acceptable fucking to them, of all the fuckings on the cart. I doubt the 7,000 Hostess workers represented by the Teamsters and the 6,500 non union workforce agree with you.

Moonhead -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:10:42 AM)
quote: ORIGINAL: FatDomDaddy The only people getting fucked are the labor force. That's the American way.

mnottertail -> RE: A few Labor Leader, cost 18,500 their jobs (11/16/2012 9:16:32 AM)
Apparently they do, cuz you are the reed shaken in the wind here.

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