Sad to hear this since Hostess was a pretty big part of my childhood, and especially sad for all the workers who are losing their jobs, but I'm not surprised since they've been doing many dumb business practices for years.
If you've filed for Bankruptcy multiple times and
don't bother to look at what's wrong with your business practices, you deserve to lose your business. Unfortunately, all the lower level workers don't. That's what's killing jobs in this country. Not health care, not socialism, out and out incompetence and blind gluttony not to mention basing a business model on a house of cards.
I'm sure Twinkees and the rest will come off unscathed, and Hostess will be bought out by Kraft or someone, and they'll move the company to Mexico and charge more for less money put in. That's the American way
.
There's a Hostess plant in Connecticut and this story was all over the news today. Evidently a lot of people at the plant are ticked off because their union approved the new plan for payment and benefits, but because the larger baker's union didn't they're out of a job.
I find it flimsy and cowardly they're blaming the baker's union. Chances are Hostess wouldn't have survived if this didn't happen anyway. The "Too Late" response is basically bull. They just want a scapegoat for their stupidity. Again, American Way. They'd probably blame Obamacare if the Bakers caved in.