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#1 I notice that with the layoff of 18,500 workers much more will be dealt a blow. Not really covered at all. Now for example; each truck must be purchased, each driver must have uniforms, each truck has a computer($2000-6000 each) and printer. Suppliers of raw food materials. Maintenance help for trucks and production equipment. Plastics for packaging and printed boxes. This will have a ripple not to mention people who are owed money.
Posted by Dale 2012-11-19 15:19||
Being a minority has helped them here in this country. Weston wanted to purchase Holsum bread but couldn't because he would have too much control over the market. No such problem for Group Bimbo. Teamsters currently enjoy a working relationship with Group Bimbo. So bringing Hostess into the fold is possible especially when union workers are involved. The union could kick in money to help the deal along. Non union workers, sorry bye, bye. Flowers would be messy. In my opinion not likely(non union).
Posted by Dale 2012-11-19 15:44||
#3 The brands "most likely will be purchased by a competitor that will bolt the additional sales to a more efficient delivery system," David Pauker, a food industry restructuring specialist, tells Reuters. "The company itself won't survive."
In other words, someone will buy the name. So the union won't find a 'white knight' to rescue the entity previously known as Hostess. It appears the bankruptcy judge has thrown the union a life preserver by directing further talks. I doubt the 'triumphant' [we won by sticking together] union culture with the same 'leadership' will produce anything that can last, too much emotion, no rational thought invested in the enterprise.
Posted by Procopius2k 2012-11-19 15:50||
#4 IIUC, the bigger picture is that, as per the revampment of Twinkies + other US Products under non-US foreign ownership, the Bammer + Congress will be demanded to void or ignore right-to-work Regs in favor of mandatory, company-wide union membership???
Subjectively, its no different that justifying the setting up in 2015 or ASAP afterward of OWG, anti-Nationalist "Global Federal Unions" e.g. NAU + similar. "MUTUAL" OR "SHARED" CHAOS/SURVIVAL + FOREIGN DOMINATION OF THE US DOMESTIC ECON IS ALL BUT OFFICIALLY PERMANENT LEST THERE BE NO NAU OR WORKPLACE UNIONS = "COLLECTIVES".
Posted by JosephMendiola 2012-11-19 19:27||
#5 "Private equity firm Sun Capital Partners wants to buy bankrupt bakery Hostess Brands Inc"
New kid in town.
Posted by Dale 2012-11-19 19:48||
Posted by Pappy 2012-11-19 21:27||
#7 No, the Champ will step in and engineer a stealth nationalization to protect the "workers rights" ...read save the unions, ala General Motors. Bet the demographics of how this will aid the Dems are being worked out as we speak.
Posted by tipper 2012-11-19 22:12||
#8 Vulture Capitalists.
I'd rather see Bimbo Bakeries USA take them - they already run Ball Park (buns), Boboli (pizza breads, Earthgrains, Entenmann's, Mrs Bairds (big in Texas), Orowheat, Sara Lee, Thomas' English Muffins.
Another better one is Flowers (in Georgia), who rescued and turned around the dying TastyKakes brand.
I'd rather see the brands bought by successful bakers who already have the expertise, production and distribution systems in place to continue the brands. The VC's will kill them with debt, just like they did the original Hostess company (its that Vulture Capitalists debt combined with the unions and poor management during the mid 2000's that killed Hostess)
Posted by OldSpook 2012-11-19 23:13||