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How the hell can a company that makes great items like this go out of business? Hostess is about as much of an American icon as there is.
Snoballs are awesome!
Snowballs are my favorite.
What the union bashers don't realize wasn't the 1st time the company was demanding major concessions from their employees. 4 years ago the IBT union accepted a cut of $150 per week in salary and health care contributions per member for Hostess to exit bankruptcy. Other unions accepted cuts also nationwide. How is it possible 4 years later the company is in even worse shape than before? During the summer of 2011 the company ceased pension payments to all if it's associated unions. 6 months later it was discovered the top 10 officers voted pay raises of up to 300% for themselves immediately after doing this. Why isn't this story part of the headlines? It always seems to be the unions fault. Most unions... including mine, voted to accept this bad contract just to keep working. But it's not surprising the bakers decided enough was enough. Nobody really believed the company was interested in staying open long term, the investment banks that owned the company would continue to suck the company dry and close at a later date. This may seem to be an oversimplification, but it's the truth. an (EX) Hostess brands employee