No more Twinkies - Hostess out of business

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[Rudeboyelvis]

Pushed by a bankruptcy judge eager to save thousands of jobs, Hostess Brands and one of its biggest unions agreed to mediation on Monday, in a last-ditch effort to avoid winding down Hostess, the bankrupt maker of Twinkies and Wonder Bread.

At the behest of the judge, Hostess Brands and the Bakery, Confectionery, Tobacco Workers and Grain Millers Union, which represents 5,600 Hostess workers, will meet with a mediator on Tuesday to try to narrow their differences toward a labor agreement.

If the mediation succeeds, it could prevent the liquidation of the company and save 18,500 jobs. Otherwise, Hostess is likely to auction off its well-known brands, leaving the fates of those workers in limbo.


http://dealbook.nytimes.com/2012/11/...-to-mediation/

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Originally Posted by Rudeboyelvis

Pushed by a bankruptcy judge eager to save thousands of jobs, Hostess Brands and one of its biggest unions agreed to mediation on Monday, in a last-ditch effort to avoid winding down Hostess, the bankrupt maker of Twinkies and Wonder Bread.

At the behest of the judge, Hostess Brands and the Bakery, Confectionery, Tobacco Workers and Grain Millers Union, which represents 5,600 Hostess workers, will meet with a mediator on Tuesday to try to narrow their differences toward a labor agreement.

If the mediation succeeds, it could prevent the liquidation of the company and save 18,500 jobs. Otherwise, Hostess is likely to auction off its well-known brands, leaving the fates of those workers in limbo.


http://dealbook.nytimes.com/2012/11/...-to-mediation/

Hope they can work it out but doubtful...a local Merita bread store is having a closing sale...I love their bread and buns...Loaded up today...no twinkies tho...

[Clip-Clop]

Originally Posted by jms62

You say these arent extordinary times but Never in the history of our country were we at a point where improving business didnt directly translate into jobs for the country. And your reasonable theory is again from 1950's text books. The game has completely changed, countries like China and India are not buying our products as they are protecting their economies . We are not and we are getting absolutley crushed. I hope you are right and I am wrong but I am not seeing that at this point.

http://www.audioaficionado.org/mcint...ore-china.html

This is an incredibly high end audio product that my company sells. It is very expensive and hand made in the only factory left in Binghamton, NY. They employ about 300 or so locals.
The Chinese line up at this new store to purchase these luxury US made amplifiers etc.
It is possible.

[Clip-Clop]

Denver just lost a great local brewery too. Too much competition, even here where everyone drinks and supports local beers.

[Clip-Clop]

http://www.mcintoshlabs.com/us/Brand...sID=47&Block=1

Better link.

[jms62]

Originally Posted by Clip-Clop

http://www.audioaficionado.org/mcint...ore-china.html

This is an incredibly high end audio product that my company sells. It is very expensive and hand made in the only factory left in Binghamton, NY. They employ about 300 or so locals.
The Chinese line up at this new store to purchase these luxury US made amplifiers etc.
It is possible.

Hopefully they aren't buying it to break it down so they can copy it and sell it on the cheap.

[Clip-Clop]

Originally Posted by jms62

Hopefully they aren't buying it to break it down so they can copy it and sell it on the cheap.

Not likely, they have been flying to California dealers and buying it to bring back for years now.