re: Hostess Closing

So sad for those families. We've been on the "you've lost your job" end, and it is a difficult place to be.

Quoting mamaluvsher4babies:" ya people are pissed about jobs but look how many are not greatful for what they have!! Greed is also in the workers not just the companies!"

What precisely were they looking for that you would term "greed"?

Quoting .Colleen.:" What precisely were they looking for that you would term "greed"?"

The average salary was $50k for the bakers (the ones that were on strike). The company filed for bankruptcy protection back in January and figured out through fancy accounting math that if they cut 8% pay from each of these employees, everyone would be able to keep their jobs and would be paid $40k a year instead.

The workers didn't like this and started protesting. They were told that if they went back to work Thursday at 5pm, no harm no foul. They didn't because they were holding out for that $50k back. So, through their greed, the company can't bring itself out of the hole and everyone loses their job.

Quoting the grace life:" So sad for those families. We've been on the "you've lost your job" end, and it is a difficult place to be."

I wouldn't feel bad for them. They were told if they went back to work by 5pm yesterday, no one would lose their job. They decided to stay on strike.

Quoting khigh:" The average salary was $50k for the bakers (the ones that were on strike). The company filed for bankruptcy ... [snip!] ... out for that $50k back. So, through their greed, the company can't bring itself out of the hole and everyone loses their job."

I would not say that an employee protesting a 10k a year reduction in pay is greedy.

Thats ridiculous.

Quoting khigh:" I wouldn't feel bad for them. They were told if they went back to work by 5pm yesterday, no one would lose their job. They decided to stay on strike."

I feel bad for the families. It isn't "little Sally's" fault.


I didn't realize that the company had given them that salary option though. That, I do think was silly for them to have turned down. 40k is better than 0k.

Quoting mamaluvsher4babies:" Another one bites the dust! I am pissed about this one!! Prregnant women around the world are depressed   lol http://money.cnn.com/2012/11/16/news/companies/hostess-closing/index.html?hpt=hp_t1"

Eh, I see both sides.
The company should have worked with them. You can't keep taking their pay away more and more and watch your pockets grow fatter. The people will only put up with it for so long.

Quoting mamaluvsher4babies:" ya people are pissed about jobs but look how many are not greatful for what they have!! Greed is also in the workers not just the companies!"

They got an cut in pay. They weren't striking because they wanted a raise they think they deserved. It might not seem like a lot to everybody but for someone living pay check to pay check that would have hit them hard.

How is that greedy?

Sad that people are more worried about losing their treats than people losing jobs and more unemployment.

Quoting .Colleen.:" I would not say that an employee protesting a 10k a year reduction in pay is greedy. Thats ridiculous."

It is a lot, I agree.

Dang it, I'm torn now.

DH would have accepted any kind of salary cut to keep his job when he lost it.Going from "x" to zero was hell.

Quoting .Colleen.:" I would not say that an employee protesting a 10k a year reduction in pay is greedy. Thats ridiculous."

They were told back in January that the only way the company would be able to stay open is if they took the pay cut. They decided to try to hold out for $10k and cost 18,500 people their jobs. That's greedy.

Quoting P Pickle Pants:" Agreed about lost jobs...the cakes aren't very good, so I won't miss them."

Yeah, they've changed over the years IMO.
Plus, they charge way too much. Why would I pay 4 dollars for a box of ding-dongs when I can get some for 2 or less of the off brand that taste the same or better???

Quoting Jas ♥:" I liked wonder bread but it wasn't my favorite. At the end of the day, there are a zillion bread brands out there. I can choose another one lol."

Yup.
I've been buying those 24 oz. loaves in the yellow...there's like a few brands. They're always on sale and are soft..lol

Quoting ~Ice Princess~:" Eh, I see both sides. The company should have worked with them. You can't keep taking their pay away ... [snip!] ... keep taking their pay away more and more and watch your pockets grow fatter. The people will only put up with it for so long."

Their pockets weren't "getting fatter". They had already filed for bankruptcy and were trying to save the company.

Quoting mamaluvsher4babies:" ya people are pissed about jobs but look how many are not greatful for what they have!! Greed is also in the workers not just the companies!"

But they kept taking their pay.
If you budget for a living of 17 dollars an hour and it gets cut to 13 or less, plus your healthcare has jumped up, you're not going to be able to pay your bills...

At the same time, now they won't be able to pay them at all. It sucks all the way around. But I guess they hit the big guys where it hurts. They were forced to close.