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Author Topic: The end of Twinkies & Ding Dongs  (Read 3170 times)
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« Reply #50 on: November 16, 2012, 07:42:35 PM »

 Cheesy


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« Reply #51 on: November 16, 2012, 07:57:55 PM »

 Grin


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« Reply #52 on: November 16, 2012, 08:03:23 PM »

 Cheesy


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« Reply #53 on: November 16, 2012, 08:07:37 PM »

This is the second time hostess has filed in the last decade.  They are suffering from America's changing eating habits, and have had declining sales for years. sales of white bread , their staple, are down 25%... And wouldn't that be MANAGEMENT"S fault that they failed to adapt to an obviously more health conscious market ?

Workers salaries have nothing to do with it  Roll Eyes
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« Reply #54 on: November 16, 2012, 08:20:23 PM »

This is the second time hostess has filed in the last decade.  They are suffering from America's changing eating habits, and have had declining sales for years. sales of white bread , their staple, are down 25%... And wouldn't that be MANAGEMENT"S fault that they failed to adapt to an obviously more health conscious market ?

Workers salaries have nothing to do with it  Roll Eyes

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« Reply #55 on: November 16, 2012, 08:27:56 PM »

What a bunch of assholes.  All had a job, insurance, a salary but always wanted more and more and in the end lost everything from their greed.  Fuck them
yeah but wut do they care. They'll get 18 months or something of a paid vacation via unemployment and we'll pay the bill.
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« Reply #56 on: November 16, 2012, 08:29:09 PM »

Groink
dont involve
yourself in
economical discussions
it only reveals
your naivety

learn how to spell naivete
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« Reply #57 on: November 16, 2012, 08:46:13 PM »



Groink
right after
you leave
getbig forever
again
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« Reply #58 on: November 16, 2012, 08:52:06 PM »

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« Reply #59 on: November 16, 2012, 10:14:39 PM »

If that ghetto moulie died n an air crash on AF1 between his fundraisers i could care less
Do you have the accent to go with this?
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« Reply #60 on: November 16, 2012, 10:19:24 PM »


It's ok. We bought enough Twinkies to last us until someones makes more.



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« Reply #61 on: November 16, 2012, 10:20:46 PM »

Ron should pool his money together with the Hierarchy and buy the Twinkies recipe. Like he did quietly with bodybuilding.com
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« Reply #62 on: November 17, 2012, 09:28:01 AM »

Hostess Canada is still going to make the Ding Dong
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« Reply #63 on: November 17, 2012, 12:43:13 PM »

I thought this thread was about RXmuscle.
LOL
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« Reply #64 on: November 17, 2012, 03:43:53 PM »

If any of you can get boxes of Twinkies or other Hostess stuff, they are going for a lot of money on Ebay. One single box in one listing just sold for $5100. I got a few boxes yesterday.
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« Reply #65 on: November 17, 2012, 03:57:05 PM »

If any of you can get boxes of Twinkies or other Hostess stuff, they are going for a lot of money on Ebay. One single box in one listing just sold for $5100. I got a few boxes yesterday.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
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« Reply #66 on: November 19, 2012, 07:19:37 PM »


http://xfinity.comcast.net/articles/finance/20121119/US.Hostess.Bankruptcy.Hearing/


WHITE PLAINS, N.Y. — Twinkies will live to see another day.

 
Hostess Brands Inc. and its second largest union agreed on Monday to try to resolve their differences after a bankruptcy court judge noted that the parties hadn't gone through the critical step of private mediation. That means the maker of the spongy cake with the mysterious cream filling won't go out of business yet.

 
The news comes after the maker of Ho Ho's, Ding Dongs and Wonder Bread last week moved to liquidate and sell off its assets in bankruptcy court. Hostess cited a crippling strike started on Nov. 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, which represents about 30 percent of Hostess workers.

 
"Many people, myself included, have serious questions as to the logic behind this strike," said Judge Robert Drain, who heard the case in the U.S. Bankruptcy Court in the Southern District of New York in White Plains, N.Y. "Not to have gone through that step leaves a huge question mark in this case."

 
The mediation talks are set to take place Tuesday, with the liquidation hearing set to resume on Wednesday if an agreement isn't reached. Jeff Freund, an attorney for the bakers union, said any guess as to how the talks will go would be "purely speculative."

 
In an interview following the hearing, Hostess CEO Gregory Rayburn said that there is enormous financial pressure to come to an agreement with the union by the end of the day Tuesday.

 
He noted that it's costing Hostess about $1 million a day in payroll costs alone to stay alive, with the money mostly going toward management to unwind the company. About 18,000 workers were sent home Friday after the company shuttered its 33 plants, meaning no sales are being generated.

 
"We didn't think we had a runway, but the judge just created a 24-hour runway," said Rayburn, who added that even if a contract agreement is reached, it's unclear whether all Hostess plants will get up and running again.
 
Hostess, weighed down by debt, management turmoil, rising labor costs and the changing tastes of Americans, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, the company, which is based in Irving, Texas, asked the court for permission to sell its assets and wind down its business.

 
The company, which is in its second bankruptcy in less than a decade, had said that it was saddled with costs related to its unionized workforce. It brought on Rayburn as a restructuring expert in part to renegotiate its contract with labor unions.
 
Hostess, which had been contributing $100 million a year in pension costs for workers, offered workers a new contract that would've slashed that to $25 million a year, in addition to wage cuts and a 17 percent reduction in health benefits. The baker's union rejected the offer and decided to strike.

 
By that time, Hostess had reached a contract agreement with its largest union, the International Brotherhood of Teamsters, which urged the bakers union to hold a secret ballot on whether to continue striking. Although many workers in the bakers union decided to cross picket lines this week, Hostess said it wasn't enough to keep operations at normal levels.

 
Rayburn said that Hostess was already operating on razor thin margins and that the strike was the final blow. The bakers union said the company's demise was the result of mismanagement, not the strike. It pointed to the steep raises executives were given last year as the company was spiraling down toward bankruptcy.

 
The company's announcement last week that it would move to liquidate prompted people across the country to rush to stores and stock up on their favorite Hostess treats. Many businesses reported selling out of Twinkies within hours and the spongy cakes turned up for sale online for hundreds of dollars.

 
Even if Hostess goes out of business, its popular brands will likely find a second life after being snapped up by buyers. The company says several potential buyers have expressed interest in the brands. Although Hostess' sales have been declining in recent years, the company still does about $2.5 billion in business each year. Twinkies along brought in $68 million so far this year.

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« Reply #67 on: December 09, 2012, 02:53:06 PM »

Jamie Foxx as a Ding Dong!

http://xfinity.comcast.net/blogs/tv/2012/12/09/watch-jamie-foxx-takes-the-cake-as-snl-guest-host/


Oscar-winning actor Jamie Foxx played a Hostess Ding-Dong who complained that Twinkies were getting all the attention in the wake of Hostess declaring bankruptcy a few weeks ago.

Foxx appeared costumed as the iconic, disc-shaped, chocolate-coated snack cake during “Weekend Update” Saturday night on “Saturday Night Live,” which Foxx guest-hosted, with musical guest Ne-Yo.

Foxx, as the life-sized Ding-Dong, was invited on “Update” by anchor Seth Meyers. Elsewhere on the “SNL” episode, Foxx played a bailiff on a fictional afternoon court show and a “pimp” who sold Christmas trees on the streets of New York. He even poked fun at Tyler Perry in a bit that spoofed Perry’s cop-thriller “Alex Cross” and Perry’s most famous character, the outspoken “Madea,” at the same time.

Of all of these, it was Foxx’s performance as the angry, maligned snack food that we liked best — which is why the “Ding-Dong” clip is the first one up as we recap this weekend’s “Saturday Night Live.”
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« Reply #68 on: December 10, 2012, 07:32:53 AM »

So much for all that "shared sacrifice" crap we hear from liberals.  Roll Eyes

CEO's salary went from $700,000 to $2.5 million while the company was tanking.  So much for sharing the sacrifice.
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« Reply #69 on: December 12, 2012, 11:09:20 PM »

<a href="http://www.youtube.com/watch?v=nqM7AFL4ixA" target="_blank">http://www.youtube.com/watch?v=nqM7AFL4ixA</a>
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« Reply #70 on: December 13, 2012, 12:09:17 AM »

LOL...this is about unions fucking up the country and work force. Ever thought about why Japanese and european cars are built so much better and out perform US made cars? NO UNIONS.

Not true.  IG Metall is the powerful automotive union that virtually all German autoworkers belong to.  Average salary of autoworkers in dollar amounts in Germany is around $64 per hour compared to about $33 in the US(combined union and non-union wages) per hour.  Of course, they can get away with it for a large variety of reasons, particularly the fact that they can sell BMWs and Mercedes tens of thousands above of what they are truly worth.

Also, nowadays quality of Japanese, US, and European manufactured vehicles are so close in overall rankings that they are often nearly indistinguishable from one another.  Minus Chrysler/Dodge/RAM of course.
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« Reply #71 on: December 17, 2012, 11:57:15 PM »

http://www.cbsnews.com/2300-505143_162-10014874.html?tag=nl.e664&s_cid=e664


Last shipment of Hostess Twinkies
 
Hostess Twinkies are offered for sale at a Jewel-Osco grocery store on Dec. 11, 2012, in Chicago. The Jewel-Osco grocery store chain purchased the last shipment of 20,000 boxes of Hostess products and put them on sale in their stores throughout the Chicago area. Hostess Brands Inc. shut down its baking operations and began liquidating assets last month after failing to negotiate a labor contract with Workers with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.
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