Twinkie-pocalypse Averted?

Discussion in 'Community Board' started by cornflake, Nov 19, 2012.

  1. cornflake

    cornflake DIS Veteran

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    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 -

    [​IMG]
     
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  3. Jennasis

    Jennasis DIS life goes on

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  4. topolino

    topolino Registered

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    As long as it's not Donald Fehr and Gary Bettman running the show in the boardroom, there might actually be some hope.
     
  5. tvguy

    tvguy Question anything the facts don't support.

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    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.
     
  6. Buckalew11

    Buckalew11 2013 1/2 Marathon Finisher!!! Woohoo!!

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    Bring back the foil!
     
  7. parrothead365

    parrothead365 <font color=purple>I'd rather have a kiss than a s

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    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. :confused3
     
  8. The Mystery Machine

    The Mystery Machine Sunrise at my house. :+)

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    Sounds like they are going through the motions? I do not expect it to resurrect.
     
  9. TLSnell1981

    TLSnell1981 Tiny bubbles... make me happy... make me feel fine

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    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.
     
  10. foreUT

    foreUT DIS Veteran

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    Bleeding a million dollars a day and no one to pay for it, tends to be a problem.

    http://news.yahoo.com/hostess-union-fail-reach-deal-mediation-002101478--finance.html


    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. :)
     
  11. TLSnell1981

    TLSnell1981 Tiny bubbles... make me happy... make me feel fine

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    So sad, another 18,500 on unemployment. :(
     
  12. snarlingcoyote

    snarlingcoyote <font color=blue>I know people who live in really

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    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. . .
     
  13. tvguy

    tvguy Question anything the facts don't support.

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    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.
     
  14. Tinker'n'Fun

    Tinker'n'Fun Apple peaches pumpkin pie, not ready holler "I"

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    Our morning news said that talks last night confirmed that the company was done for good!
     
  15. The Mystery Machine

    The Mystery Machine Sunrise at my house. :+)

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    To throw on an additional quote from the "church lady" sans picture....

    How convenient.
     
  16. TLSnell1981

    TLSnell1981 Tiny bubbles... make me happy... make me feel fine

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    No profit, no investors..means no company. Hostess isn't a charity.
     
  17. wiigirl

    wiigirl DIS Veteran

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    There is still have hope:

    Nationalize the Twinkie

    :cool1:
     
  18. Albort

    Albort ODV Crew

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    not to mention they are paid only $1 so far and with the executive payout in the bankruptcy case, they each get about $90,000 when everything gets liquidated.
     

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