Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business.
The company announced its move Friday morning after failing to reach an agreement with thousands of employees who were on strike. Hostess threatened to close permanently if employees do not return to their jobs. The company originally set a deadline of 5 p.m. Thursday, saying it would file for bankruptcy if normal operations did not resume. But, the more than 5,000 employees on strike weren’t backing down, saying they wanted to protect their wages and pensions.
Todd Moore with the Local 399 Operating Engineers said, “I’m afraid they’ve drawn the line in the sand. But, you know, I don’t see why they want… America’s gonna let 18,000 jobs go out of here with a good name like Hostess, it’s just crazy. The fat cats keep getting fatter. CEOs, they keep making money. We’ve had six CEOs in ten
years, what’s that tell ya?”
The union had released a statement saying the company’s failure is the fault of its management, and that workers would only return if pay and benefit cuts were reversed.
I see said the blind man. And now…
This is EbenGregory.com…telling you sometimes we stare so long at a door that is closing that we see too late the one that is open. Good luck to those workers.