What will happen to the Twinkies? Could this be the end? WTF is this world coming to!

MJMANDALAY

Registered User
Jan 26, 2005
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The maker of Hostess Twinkies, Wonder bread, Drake's coffee cakes and other edibles has threatened to shut down if it's unable to win major concessions from its 20,000 union workers soon.

Interstate Bakeries Corp., which has been under Chapter 11 bankruptcy protection since September 2004, said in a U.S. Bankruptcy Court filing late last week that if it can't get such concessions it will be forced to liquidate.

The threat of a breakup or liquidation is real, said Kevin Starke, an analyst with Weeden & Co. The baker has constantly sought extensions of its plans to reorganize the company. He said the wording in this filing sends a clear message that the company doesn't want to delay anymore.

Starke said that Interstate has never had a problem baking its products, but had a distribution problem. Because the company was cobbled together through several acquisitions, Starke said, it doesn't have streamlined operations. For instance, there are more than 400 collective bargaining agreements.

If a sale — or multiple sales of various units — was to happen, it's likely that the buyer would continue to produce Twinkies and other Interstate products, which have great name recognition.

Interstate was hurt by the popularity of low-carb diet plans such as Atkins and South Beach, which cut into its sales of white bread and snack cakes. But it also had deeper problems. The company has not seen growth in years and was unable to keep up with escalating salary and health-care costs, while ultimately led it into bankruptcy.

The company's two main unions are the Teamsters, whose members sell and deliver its goods, and the Bakery Workers, who bake and package the products.

Interstate said some of the lenders had given it until Sept. 30 to get concessions.

The Kansas City, Mo.-based company has 45 commercial bakeries, 650 distribution centers and 800 bakery outlets across the country, according to Hoover's, a business information provider.

Interstate, which is expected to have $2.9 billion in sales this year, employed 25,000 people in 2006, according to Hoover's.

Interstate sells its baked goods mostly to supermarkets, convenience stores and mass merchandisers. It acquired the Wonder and Hostess brands from rival Continental Baking in 1995.

As for the disappearance of Twinkies, Starke said don't fret. The brands are too well-known to disappear and might even increase presence under a new owner.

"The one thing that you can count on," he said, "is that you still see Twinkies on the shelves of supermarkets and convenience stores near you."


http://abcnews.go.com/Business/story?id=3618936
 

Sinn Fein

Infidel and White Interloper
Wackbag Staff
Aug 29, 2002
31,786
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#3
:icon_roll

Like the article says, if they fold, some other company will buy the rights and start selling those fine products.
 
Aug 10, 2007
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#5
if it wasnt for blow job unions: we would look like this


Ever worked in a union Senior?

Some of the worst "Production" I have ever seen. Not to mention I actually got fired from my job(Teamsters) for breaking my ankle performing my job. High class people I tell ya:action-sm
 

abudabit

New Wackbag
Oct 10, 2004
14,802
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#6
if it wasnt for blow job unions: we would look like this
Would we?



This is what happens when you deal with the devil. The devil comes and collects. Purchased way too many unionized shops. They probably thought they were getting great deals for them too.
 

THE FEZ MAN

as a matter of fact i dont have 5$
Aug 23, 2002
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#7
unions have run this country into the ground.
 
Nov 29, 2006
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#8
If there's no more wonder bread, 5-year olds and East Side Dave will be up in arms.
 
Feb 5, 2003
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#9
As long as they keep making Drake's coffee cakes, I don't really care what they do. I need those things to wake up in the mornings.
 
Aug 10, 2007
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#11
well you are after all talking about teamsters
Well I also come from a "UAW" family and some of the stories ive heard are not much better. Even a great tale of a guy smoking crack on the line, getting put on leave for a week and nothing else.

The only problem with a union is the "Seniority" aspect. You work your ass off to get into the union, once you do, you can get away with the bare minimum. Not only that, the guy thats been there for five years(even if hes the worst worker ever) will always get the perks over yourself.

Its a great situation to work in.. but its understandable why our auto industry is so far down in the shitter.
 

Cunt Smasher

Caligula Jr.
Aug 26, 2005
13,675
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#14
I work for the Post Office. I agree with everyone,so far.My first union.
Read somewhere the filling in twinkies is whipped lard and sugar.
 

THE FEZ MAN

as a matter of fact i dont have 5$
Aug 23, 2002
43,321
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#16
I work for the Post Office. I agree with everyone,so far.My first union.
Read somewhere the filling in twinkies is whipped lard and sugar.
HA HA do they still publish NALC magazine? my dad was in it a few times, once for finding a dead guy, another for helping out at a bus accident, and of course when he retired.. my dad used to get away with the craziest shit, and had more days off than any one i ever knew, but..... i was making more money than him 4 years out of highschool, and he had been a letter carrier for 20 years, but he had a decent pension and comparable life insurance im going to have to work till i die :icon_roll
 

Kris_LTRMa

LoseTheRadio.net's Ma
Nov 17, 2006
9,749
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right where I wanna be
#17
I like my union ... so much so that I became a delegate in June. The unions in the court system, with the exception of the largest union which is basically a sweetheart union, have done much to protect our jobs.

What concessions does Interstate want the unions to make?
 

Your_Moms_Box

Free Shit / Socialism 2016
Dec 20, 2004
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Dover, Delaware
#18
I think the problem is that when their weren't unions, the companies fucked over the workers.

The unions evened that out, but now it's gotten to the point where the unions are fucking over the companies.

We need to find some middle ground.

I used to work at a bank that was in a grovery store that was unionized.

After paying their union dues, a lot of the employees were making less than minimum wage.
 

HummerTuesdays

Another girrrrl!!!
Apr 24, 2005
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#19
I like my union ... so much so that I became a delegate in June. The unions in the court system, with the exception of the largest union which is basically a sweetheart union, have done much to protect our jobs.

What concessions does Interstate want the unions to make?
I don't know the specifics here, but companies (and governments) want workers to do what non-union workers have to do: contribute to health insurance premiums and retirement funds. What the unions fail to realize (and explain to their members) is that if they hold out long enough the company goes under, and then they're out of a job, not just a couple dollars a month to help offset the cost of their well-being.
 
Mar 2, 2005
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#20
Well I also come from a "UAW" family and some of the stories ive heard are not much better. Even a great tale of a guy smoking crack on the line, getting put on leave for a week and nothing else.

The only problem with a union is the "Seniority" aspect. You work your ass off to get into the union, once you do, you can get away with the bare minimum. Not only that, the guy thats been there for five years(even if hes the worst worker ever) will always get the perks over yourself.

Its a great situation to work in.. but its understandable why our auto industry is so far down in the shitter.
that would be the company .... the employer ....not the union.
 
Aug 10, 2007
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#22
that would be the company .... the employer ....not the union.

The union influences the company, more so then anyone else can. I broke my ankle because I tripped over a box while performing the job of two people. Obviously it was my fault (Wouldn't have happened if I had someone else working alongside me). The Union rep and the district manager took me into an office and told me straight up "You can go to the doctor now and get x-rays but if you do, you'll be fired"

They were gonna turn their unsafe working conditions around on myself. They hatched a plan that I would go to my own doctor, using my insurance and claim that I injured myself playing hockey(My boss knew I played regularly).

After two hours of debate, I called their bluff and asked to see the company doctor(which also means they had to report the injury). I got an x-ray a couple hours later and had a non-displaced fracture. Apparently, that doctor had been in contact with my boss because he only gave me 5 days off. The five days including the weekend(Which I didn't work). So in reality I received two paid days off for an ankle break. Oh I forgot to mention, this was UPS... so that doesn't go well with broken ankles.

After about three days of hobbling around, getting completely fucked over, I asked to see my union rep. To make a short story shorter.. He basically said "You made your own choice, deal with it".

If you don't understand the job of a UPS box stacker, you scan packages and stack boxes up to 7ft tall in a semi trailer. Doing that with a break is next to impossible. Before my injury I had the busiest trailer, after my injury they kept me in the same trailer and I constantly backed it up because it was impossible to keep up.

So in the end I was fired for missing scans on packages and mis loading the wrong packages into the wrong trailer. The company was fined $7000 and my boss got fired. Everyone expected me to sue but I had no intention of doing that.

So yeah, unions blow and its not an isolated incident.
 

Xyn

3 letters, 0 meaning
Mar 3, 2005
3,753
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#23
Union looks like it's pronounced the way onion is.
 

VMS

Victim of high standards and low personal skills.
Apr 26, 2006
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#24
On the matter of unions

Unions serve a purpose. So do corporations. Neither are devils, neither are angels.

Unfortunately, unions have often been unable or unwilling to take a broader view of things. As HummerTuesdays said, unions are often willing to take the company down with themselves instead of making concessions that they aren't comfortable making. Sometimes, taking a shitty deal is better than being out of a job.

I've got friends who are union guys. Shit, I've got friends who are presidents of their local labor unions. Nothing against any of them, or any of you who are union men yourselves, but unions are also by-and-large run by guys who aren't any more educated than the guy on the line. A GED or a high school diploma just doesn't cut it when you're trying to figure out whether or not your boss is lying to you when he says the company will shut down if you don't give in to him.

It's all about balance. A smart, well-run corporate management team and a smart, well-run labor union can do great things together. But you put two stubborn assholes in charge of each side of that equation, and you are fucked up the ass.

The American auto industry is an example of that. Stupid, and I mean fucking STUPID management for most of the last 30 years combined with union leaders unwilling to give the management guys enough flexibility to steam line their supply system or absorb some of the insanely escalating health insurance costs means that Toyota has blown past GM as the world's largest automaker.

When a part is built on the East coast, then shipped to the West coast for assembly into a widget, and then shipped back to the East coast to be put into the engine, and then shipped to Michigan to be put into the car, you've got a fucked up supply system.

If the union had been more flexible, would GM have still fucked things up? Maybe, maybe not. They would have had more time to get their heads out of their asses. If GM's management had been smarter, would the unions still have fucked things up? Maybe, maybe not. The high overhead costs would have eventually caught up, regardless of how smart the management was. As it is, the incompetence on both sides of that struggle means my former GM-only family has bought nothing but Japanese cars since 1985.