So, when's the Twinkie Economics going to kick in?

Comment #6

Lucky Loser — Sat, 17 Nov 2012 15:38:12 GMT

You are very correct here. The trend has been to extract more out of workers, MORE RESPONSIBILITY, while still receiving the same pay. In some cases, they would also need to accommodate pay cuts, like here, and be expected to make it work. Yes, a cut in pay is better than no job at all, every time, and to have 18,000 workers paying in is good all the way around. But, all the variables haven't been disclosed in terms of why they went on strike from the start. Somewhere along the way, lots of peop... [ More ]

Comment #5

JezzVim — Sat, 17 Nov 2012 14:08:11 GMT

Twinkies are the funny part. What isn't funny that the company wants to bankrupt the empolyees. There is a law that states if a company shuts down without prior notice they are breaking the law, mind you they have to have a certain number of employees. I noticed 15 years ago that companies would lay off workers and expected the remaining workers to pick up the slack. Workers are working more and receiving less pay. Maybe this will change the tide of things? I'm proud of the workers of Hostess standing up to the company, and this is not the first time Hostess has done their employees in, there was a program on TV exposing Hostess awhile back, I don't remember the details, but I do remember the company didn't look good. Stopped me from buying their products.... [ More ]

Comment #4

JADELottery — Sat, 17 Nov 2012 10:21:08 GMT

There's another Zinger for ya.

Comment #3

JAP69 — Sat, 17 Nov 2012 05:31:46 GMT

Trumka has his panties in a wad over it.

Comment #2

JAP69 — Sat, 17 Nov 2012 05:30:05 GMT

Did see an asset and liability sheet. Their liabilities look like they exceed assets by about 200 million. Hostess look pretty much worthless.

Comment #1

Lucky Loser — Sat, 17 Nov 2012 02:37:53 GMT

Still, what's the stock worth? How much are the workers actually losing or gaining in this regard? Gotta have ALL the numbers, and, details before saying that the union is the whole problem and Hostess has no liability in the deal. Until I get more insight, I'm neutral.

Original Blog Entry: So, when's the Twinkie Economics going to kick in?

JADELottery — Sat, 17 Nov 2012 01:20:40 GMT

I hear it's a real treat.