I just ate one and have to admit, I remembered them being a lot better. Seemed dry and tasteless.
There are a LOT of people having to deal with reduced wages in the private sector. Jobs that were going for $60K are now being filled by people making $40K.
18,500 workers out of work.
BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256.
So if it is all the union's fault, then why did execs get giant pay increases in the months leading up to the end?
http://www.sacbee.com/2012/11/13/4983174/hostess-continues-pattern-of-misinformation.html
Same reason union workers put in triple overtime right before they retire.
So you are saying that execs saw the end coming and decided to hoard all the money and screw the working man? :tongue:
It was a private company. If the execs saw this coming they had every right to pay themselves out and stop the union. Unfortunately it also meant closing the company for good. Now there are thousands of people without jobs because of the entitlement that the union workers expected.
It was a private company. If the execs saw this coming they had every right to pay themselves out and stop the union. Unfortunately it also meant closing the company for good. Now there are thousands of people without jobs because of the entitlement that the union workers expected.
In the end people will always act in their own best interest. The unions were acting in theirs, except they overplayed their hand and it backfired (despite being given advance notice of the outcome). Perhaps if there was some sense of cooperation or good faith from the baker's union, like the Teamsters showed, instead of holding a gun to the company's head, the outcome would be different. The few $million the owners of the company managed to save from the wreckage would not have come close to saving the company.
Unions have a legal right to exist, but do they have a moral right to resort to violence and vandalism to get their way? Apparently they think so, since it's their standard MO. The portrayal of unions as a bunch of earnest boy scout workers is laughable. Their stongarm tactics will fail with greater frequency as the economy continues to sink and incentives for entrepreneurs and businessmen to risk their capital correspondingly diminish.
As a small business owner when I first opened my practice, I was told by my attorney to always pay myself first. When my employees start to get out of line, I have to correct their behavior quickly. Sometimes it means taking away a bonus, and other times it means firing people. I once had an employee tell me that she's been doing her assisting job longer than I've been a dentist, and not to tell her what to do. This is sort of like a union mentality. Needless to say she was fired on the spot.
The lesson to be learned is that a business cannot have their practices dictated by their employees. I think that their strategy was extreme, but what other choice did they have given the immediate financial situation. Now there are 18,500 people without jobs and the economy isn't getting any better.
Merry x-mas Hostess employees.