Photographer

Orca Bay Images

Posts: 32234

Woodinville, Washington, US

Just heard on the morning news that Hostess Bakeries is filing for bankruptcy.

So long, Snowball. So long a shelf-life, Twinkie.

Nov 16 12 06:14 am Link

Photographer

BlueMoonPics

Posts: 4440

New York, New York, US

Yup, all over 8% wage decrease across the board.

I'm gonna miss my Twinkie on the side. big_smile

Nov 16 12 06:27 am Link

Photographer

Michael Bots

Posts: 5984

Kingston, Ontario, Canada

http://www.nbcdfw.com/news/national-int … 43161.html

“Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”

"Hostess said its wind down would mean the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores in the United States."

"-- company had already reached a contract agreement with its largest union, the International Brotherhood of Teamsters. But thousands of members in its second-biggest union went on strike late last week"


The Teamsters had warned the Bakers that they had seen the financial books and that closure was not an idle threat.

Nov 16 12 06:29 am Link

Photographer

Carlos Occidental

Posts: 10546

Glendora, California, US

Sell it to Monsanto.

Nov 16 12 06:31 am Link

guide forum

Photographer

GPS Studio Services

Posts: 36379

San Francisco, California, US

I grew up on Twinkies.  I've heard that they explain why I am crazy today.  I will miss them.

Nov 16 12 07:31 am Link

Photographer

Photos 4 The Memories

Posts: 1287

Kewaskum, Wisconsin, US

ei Total Productions wrote:
I grew up on Twinkies.  I've heard that they explain why I am crazy today.  I will miss them.

I heard they never go bad.

Nov 16 12 02:23 pm Link

Photographer

Eridu

Posts: 623

Boston, Massachusetts, US

What, no stimulus for Hostess? C'mon, it's Twinkies we're talking about here, "Too Creamy To Fail"

Nov 16 12 02:27 pm Link

Model

DivaEroticus

Posts: 14721

Fayetteville, Arkansas, US

Hohos used to be my favorite, but I stopped eating them when they changed the cream.  sad

Nov 16 12 02:49 pm Link

Photographer

Reflected

Posts: 16091

New York, New York, US

ei Total Productions wrote:
I grew up on Twinkies.  I've heard that they explain why I am crazy today.  I will miss them.

Well there's your defense, right there.

Nov 16 12 03:25 pm Link

Photographer

Reflected

Posts: 16091

New York, New York, US

http://farm5.staticflickr.com/4017/4690272226_cbe1521a1d_z.jpg

Nov 16 12 03:32 pm Link

Photographer

Lawrence Guy

Posts: 17683

Spring Valley, California, US

Photos 4 The Memories  wrote:

I heard they never go bad.

I work with a fellow who has two twinkies in his desk drawer. One is ten years old and the other is about 35 years old. Both are hard as rocks.

The older one has green filling - and it didn't start out that way.

Nov 16 12 03:40 pm Link

Photographer

ontherocks

Posts: 22621

Salem, Oregon, US

the cupcakes are what powers me through weddings. sigh.

how come the feds aren't bailing them out? i mean we need our cupcakes.

Nov 16 12 03:41 pm Link

Photographer

Pinup Fantasies

Posts: 1168

HIXSON, Tennessee, US

If you think an 8% pay cut sucks, how about 100% drop?

Nov 16 12 03:51 pm Link

Photographer

No Name Uno

Posts: 400

San Martin, California, US

of course that didn't stop them from tripling the CEO's pay and giving substantial raises to other high level manager in an effort to side step bankruptcy laws and keep managers at the company.

http://thinkprogress.org/economy/2012/1 … -downfall/

Nov 16 12 04:08 pm Link

Photographer

Orca Bay Images

Posts: 32234

Woodinville, Washington, US

GBI wrote:
of course that didn't stop them from tripling the CEO's pay and giving substantial raises to other high level manager in an effort to side step bankruptcy laws and keep managers at the company.

http://thinkprogress.org/economy/2012/1 … -downfall/

QFT.

Never mind that Hostess brought in as CEO a guy with not much experience in the food industry, but experience in corporate liquidation.

It seems that after the first bankruptcy, Hostess had this liquidation planned all along.

Nov 16 12 11:07 pm Link

Photographer

Chris Rifkin

Posts: 24641

Tampa, Florida, US

Ho Ho's are exactly like Little Debbie's Swiss Rolls(and ironicly Drake's Yodels,which was bought by Hostess)

Nov 17 12 12:04 am Link