Disney Information Station Logo

Go Back   The DIS Discussion Forums - DISboards.com > Just for Fun > Community Board
Find Hotel Specials & DIScounts
 
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 11-19-2012, 07:05 PM   #1
cornflake
DIS Veteran
 
Join Date: Jul 2011
Posts: 6,656

Twinkie-pocalypse Averted?

According to CNBC, the holdout union and Hostess have agreed to enter mediation to avoid the shutdown and liquidation of the company.

There's optimism in the boardroom, look -

cornflake is offline   Reply With Quote
Old 11-19-2012, 07:10 PM   #2
Jennasis
It's a miracle! I stayed awake during the El Rio Del Tiempo ride!
Let's not even TOUCH the whole Dog vs. dawg vs. Dowg thing!
PLINKO baby!
 
Jennasis's Avatar
 
Join Date: Jun 2000
Location: The Triad, NC
Posts: 24,492

__________________
Jennasis is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 11-19-2012, 07:18 PM   #3
topolino
I don't mean those kind of gestures!
Not everything we eat needs to be healthy. Live a little!
 
topolino's Avatar
 
Join Date: Jan 2006
Posts: 2,143

As long as it's not Donald Fehr and Gary Bettman running the show in the boardroom, there might actually be some hope.
__________________
topolino is offline   Reply With Quote
Old 11-19-2012, 08:54 PM   #4
tvguy
Sailed on:The Mermoz, Norway, Nordic Prince, Sovereign of the Seas, Amsterdam, Magic & Pride of America
 
Join Date: Dec 2003
Location: Carmichael, California
Posts: 18,403

I don't think Hostess had a say, the Judge said you can't go bankrupt until you have exhausted all options to resolve your financial problems. They had not gone to mediation yet.
__________________
tvguy is offline   Reply With Quote
Old 11-19-2012, 08:57 PM   #5
Buckalew11
2013 1/2 Marathon Finisher!!! Woohoo!!
 
Join Date: Oct 2004
Location: East Tn
Posts: 15,731

Bring back the foil!
__________________
Brenda: DISing since 2/2000


There's a great big beautiful tomorrow
Shining at the end of everyday
There's a great big beautiful tomorrow
And tomorrow is just a dream away
Buckalew11 is offline   Reply With Quote
Old 11-20-2012, 03:54 PM   #6
parrothead365
I'd rather have a kiss than a smoke
Dr. Said I have evil toes!
I like laundry as much as Tabasco enimas
I just hope I end up with the licking end of the dog under my nose
 
parrothead365's Avatar
 
Join Date: Feb 2003
Location: North Florida
Posts: 2,504

I believe it was the unions that were holding out. This is a court ordered meeting. I would not hold my breath on an agreement.
__________________
etiam pila est vita

"Phins to left...Phins to the right"

I'm an analog guy in a digital world

Proud Dad of a Shotokan Black Belt

We should all remember that the Freedom we ALL enjoy was NOT FREE....Thank a Veteran today!
parrothead365 is offline   Reply With Quote
Old 11-20-2012, 05:04 PM   #7
The Mystery Machine
DIS Veteran
 
Join Date: Jan 2001
Location: Missouri
Posts: 45,125

Sounds like they are going through the motions? I do not expect it to resurrect.
The Mystery Machine is offline   Reply With Quote
Old 11-20-2012, 06:12 PM   #8
TLSnell1981

Sense isn't very common anymore
I can't wait for T shirts and cover ups
 
TLSnell1981's Avatar
 
Join Date: Sep 2006
Posts: 11,216

Quote:
Originally Posted by parrothead365 View Post
I believe it was the unions that were holding out. This is a court ordered meeting. I would not hold my breath on an agreement.
Let's hope a dose of reality, serves as a wake up call. They're getting a second chance to save their jobs, along with 13,000 others.
TLSnell1981 is offline   Reply With Quote
Old 11-20-2012, 08:11 PM   #9
foreUT
DIS Veteran
 
Join Date: Dec 2009
Posts: 509

Quote:
Originally Posted by The Mystery Machine View Post
Sounds like they are going through the motions? I do not expect it to resurrect.
Bleeding a million dollars a day and no one to pay for it, tends to be a problem.

http://news.yahoo.com/hostess-union-...--finance.html


Quote:
Hostess Brands Inc, the bankrupt maker of Twinkies, said on Tuesday that it failed to reach a deal in mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union.
The company said it will have no further comment until a hearing scheduled for Wednesday before the U.S. Bankruptcy Court for the Southern District of New York.
A representative of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) did not immediately respond to a request for comment.
The ailing company, which also makes Wonder Bread and Drake's cakes, sought permission from bankruptcy court on Monday to liquidate its business, claiming that its operations were crippled by the bakers' strike and that winding down was the best way to preserve its dwindling cash.

Aside from its unionized workforce, analysts, bankers and restructuring experts have said that a fleet of inefficient and out-of-date factories has also eaten up costs. They have said the brand names were likely to be more valuable once they were separated from the factories and sold to non-union competitors.
Bankers have said rivals including Flowers Foods and Mexico's Grupo Bimbo were very likely to be interested in parts, but not all of, the brands. Neither company could be reached for comment. Private equity firms are also interested.
Sun Capital Partners is interested in bidding for all of Hostess, according to a source familiar with Sun's plans, and Metropolous & Co is also interested, according to Daren Metropolous, a principal at the firm.
Sun Capital, which has repeatedly been mentioned as interested in continuing the company intact, including the current union contracts, is owned by Marc Leder, who has his own interesting history.
foreUT is offline   Reply With Quote
Old 11-20-2012, 11:12 PM   #10
TLSnell1981

Sense isn't very common anymore
I can't wait for T shirts and cover ups
 
TLSnell1981's Avatar
 
Join Date: Sep 2006
Posts: 11,216

So sad, another 18,500 on unemployment.
TLSnell1981 is offline   Reply With Quote
Old 11-21-2012, 05:53 AM   #11
snarlingcoyote
I know people who live in really carpy school districts
 
snarlingcoyote's Avatar
 
Join Date: Dec 2008
Location: Louisiana
Posts: 5,641

The executives can't afford to keep a unionized workforce, but can happily give themselves big bonuses when the company is failing? Pretty sure the top officers are trying to kill this company. I predict mediation will fail spectacularly and they'll blame the workers, but watch where the big money from this goes. . .
__________________
Our family:
DH Me
Our menagerie:
snarlingcoyote is offline   Reply With Quote
Old 11-21-2012, 06:04 AM   #12
tvguy
Sailed on:The Mermoz, Norway, Nordic Prince, Sovereign of the Seas, Amsterdam, Magic & Pride of America
 
Join Date: Dec 2003
Location: Carmichael, California
Posts: 18,403

Quote:
Originally Posted by snarlingcoyote View Post
The executives can't afford to keep a unionized workforce, but can happily give themselves big bonuses when the company is failing? Pretty sure the top officers are trying to kill this company. I predict mediation will fail spectacularly and they'll blame the workers, but watch where the big money from this goes. . .
Devils advocate here. You HAVE to pay executives more for them to stay and try and save a company that is on the verge of failing, otherwise they bailout.
__________________
tvguy is offline   Reply With Quote
Old 11-21-2012, 06:32 AM   #13
Tinker'n'Fun
"apple", peaches, "pumpkin pie", who's not ready holler "I"...
i'm just trying to be optimistic!
I am SO CLUELESS and I hate it!!
 
Tinker'n'Fun's Avatar
 
Join Date: Mar 2005
Location: Ask, I may tell!
Posts: 8,522

Our morning news said that talks last night confirmed that the company was done for good!
Tinker'n'Fun is offline   Reply With Quote
Old 11-21-2012, 07:33 AM   #14
The Mystery Machine
DIS Veteran
 
Join Date: Jan 2001
Location: Missouri
Posts: 45,125

Quote:
Originally Posted by tvguy View Post
Devils advocate here. You HAVE to pay executives more for them to stay and try and save a company that is on the verge of failing, otherwise they bailout.
To throw on an additional quote from the "church lady" sans picture....

How convenient.
The Mystery Machine is offline   Reply With Quote
Old 11-21-2012, 03:21 PM   #15
TLSnell1981

Sense isn't very common anymore
I can't wait for T shirts and cover ups
 
TLSnell1981's Avatar
 
Join Date: Sep 2006
Posts: 11,216

No profit, no investors..means no company. Hostess isn't a charity.
TLSnell1981 is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

facebooktwitterpinterestgoogle plusyoutubeDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 06:37 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.