Hostess liquidation decision expected Friday, hundreds in Ogden could be laid off

Return To Article
Add a comment
  • deseret pete robertson, Wy
    Nov. 18, 2012 9:09 p.m.

    The Union seems to know so much about what should be paid and how the company should be managed,I got an idea--- how about the union buying out the company --- keep all the employees and pay whatever they want. and everyone will be happy -- except the union -- risk their own money ?? -- no way.

  • one old man Ogden, UT
    Nov. 16, 2012 10:19 a.m.

    Do some research before jumping to any conclusions. There is an excellent article in Fortune, but DN won't allow links to be posted here so you'll need to Google Fortune Hostess Bankruptcy to find it.

    Hostess was in bankruptcy once before and was taken up by a set of Equity Companies and Hedge Funds similar to Bain Capitol.

    Here's an excerpt from the article: "The dramatis personae are impressive: the Teamsters; two large hedge funds, Silver Point Capital and Monarch Alternative Capital; and the private-equity firm Ripplewood Holdings."

    This may be just as much about attempts to bust unions and destroy long-standing pension plans as it about making profits for investors. It's much, much more complex than simply blaming one side or the other.

    But it is something all Americans should be concerned about -- because Hostess-like stories are playing out all over America. Your job or your retirement could be next in line.

    Research before you comment or draw any conclusions. Doing that and learning the full truth will help us all.

  • one old man Ogden, UT
    Nov. 16, 2012 8:44 a.m.

    Hostess was in bankruptcy and was taken over by several of those hedge funds and private equity capital companies -- similar to Bain.

    Google Fortune magazine hostess bankruptcy to learn more.

    Once again, workers are taking a hit to make millions for someone.

  • germanygator Apo, AE
    Nov. 16, 2012 8:28 a.m.

    Maybe Dolly Madison can buy out the TMs for the snack cake brands in bankruptcy court.

  • SLC gal Salt Lake City, UT
    Nov. 16, 2012 7:29 a.m.

    Sad day! Is a world without Twinkies, fruit pies, and Wonder Bread a world we want to live in?

  • germanygator Apo, AE
    Nov. 16, 2012 6:23 a.m.

    If they tried to expand their line with strawberry-filled and chocolate-chocolate filled twinkies like I said years ago, they would have been fine. Serves them right for not hiring me. :)

  • Kdee SLC, UT
    Nov. 15, 2012 3:51 p.m.

    Hostess filed bankruptcy in 2004 and again in 2012.

    I'm not so sure it is the line employees who are the problem.

  • plyxply SLC, UT
    Nov. 15, 2012 3:20 p.m.

    Just as the union's use strikes to try and force a business to raise wages, the business owners have the right to shut the business down if the union refuses to work for wages that will help keep the business valid. It's hard to feel sorry for union workers who get the benefits of working in a union when they get laid off because of the actions of the union.

  • AZ Blue & Red Gilbert, AZ
    Nov. 15, 2012 3:02 p.m.

    I better stock up on my 2 year supply of Twinkies. Of course they are good for much longer than that. This does not look good.

    I think there is more to this than what is stated. I can see both sides but if they could get the union to back off maybe they could find some middle ground. Hard to pay people more than what they take in. My industry is the same. 95% of my industry jobs are gone because everyone wants cheap electronic toys and gagets. There is a reason why all is made in Asia. Hostess does not have that option. Hope they can save such an iconic company. Twinkies were 12 cents forever.

  • cjb Bountiful, UT
    Nov. 15, 2012 2:58 p.m.

    This company has been poorly mismanaged for a very long time. Let it be liquidated. Let a new company acquire the rights to its products. Let the new company manage better . Let the new company give the employees be respect and just compensation for their contributions,

  • tabuno Clearfield, UT
    Nov. 15, 2012 1:15 p.m.

    This strike issue is a very difficult one and not mentioned is the nature of the financial plight of the Hostess Company itself. There is the possibility that Hostess has misread the nature of its business and the current atate of food choices of the American consumer. With the purportedly trend towards healthy foods and the concern among a more literate population about sugar and empty calories, whether or not part of or most of the problem isn't with the workers so much as national business decisions... Hostess has been around for decades but it doesn't seem to have really changed with the times and its products are mostly the same since I was a kid more than a half century ago. Instead of media focusing of workers, perhaps it also needs to dig deeper into the company itself.