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View Full Version : What's happened to Hostess?



Dawn
17-11-2012, 07:20 AM
I'm hearing rumours that Hostess Bakeries are gone. :unsure:

The twinkie was my Disney holiday junk food - the only cake I ever found with absolutely no food items in it. :lol:

Johnie
17-11-2012, 09:28 AM
It seems that the employees were striking and the company told them they need to come back to work or else we have to liquidate the company. Apparently the employees are not going back.

I'm sure it's more complex than that. It's a union issue. I live in a state where unions are very infrequent so I don't quite understand them.

BUTTERHEAD1
17-11-2012, 03:04 PM
I also don't know too much about what happened but I know that Hostess had an obligation of over 900 million dollars in pension benefits that is owed and they could not afford to keep up with those obligations. One of the problems is that they have what some refer to as "legacy" pensions, which means that the pension is continued to the family even after the employee has passed on. I am sure that there are other issues. I believe that somehow or someway Hostess will prevail or at least their popular products will even if its under a new company.

catrancher
17-11-2012, 03:16 PM
Hope the products survive. Good thing we've still got our Twinkie container:


13637.vB

Tom (:macwave:... do Twinkies really last a thousand years?)