N3OGHYo Soy Col. "Bat" GuanoPremium
|reply to meeeeeeeeee |
Re: No more Hostess Twinkies for a while
Straw man argument from both sides of the coin.
One side will say the unions killed the company. Other side will say the executives mismanaged it into the ground & decided it was time to take the money and run.
As with any argument, the truth often lies in the center of the debate. The unions played a part, but the company suffered from competition with stronger consolidated entities in the marketplace. In addition to slipping into bankruptcy protection twice in the past decade, Hostess faced significant headwinds such as the recent economic downturn & the impact of rising commodity prices. They had a chance to make a go of it a few years ago, but when the economic "bones" rolled things just didn't work out.
The negotiations between Hostess & the union that represented a fraction of their workplace didn't work out, and both parties decided they were better off parted.
Hostess will liquidate, and the employees involved will be forced to seek employment elsewhere. This is the free market in action, and I seriously don't think either side is to blame...
Petty people are disproportionally corrupted by petty power