Bakers on strike
Did you guys know that all the bakers are on strike at Hostess, Wonder Bread and another (can't remember name) company? The companies have told them (the bakers) to come back to work by 5:00 PM today or they will close the companies. Close all 3 companies WOW! I'm not sure how big an area is effected but Springfield stores are getting low on stock. And the local day old stores are out of product.
here is an update
BOSTON (MarketWatch) -- Twinkie maker Hostess Brands is threatening to liquidate the company if striking bakers do not return to work by the end of Thursday, according to CNN Money. "We simply do not have the financial resources to survive an ongoing national strike," Hostess Chief Executive Officer Greg Rayburn said in a statement cited by CNN. The bakers union, which represents about 5,000 of the bankrupt company's 18,000 workers, is on strike to protest a new contract imposed by the bankruptcy court that calls for an immediate 8% salary cut, along with reductions in pension obligations and company contributions to employee health-care plans. In exchange, the Wonder Bread maker would begin to bump up salaries after one year and give workers a 25% equity stake in the company. Hostess filed for bankruptcy protection in January.
The maker of Twinkies, Ding Dongs and Wonder Bread said Monday that the strike has prevented it from producing and delivering products, and it is closing bakeries in Seattle, St. Louis and Cincinnati. The facilities employ 627 workers.
Hostess, based in Irving, Texas, operates 36 bakeries nationwide and has about 18,300 employees. It warned earlier this month that the strike, by about 30 percent of its workforce, could lead to bakery closures.
"We deeply regret this decision, but we have repeatedly explained that we will close facilities that are no longer able to produce and deliver products because of a work stoppage - and that we will close the entire company if widespread strikes cripple our business," Hostess Brands CEO Gregory F. Rayburn said.
Hostess said customers will not be affected by the closures.
A representative for the union could not be reached immediately for comment Monday.
Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike Nov. 9 to protest cuts to wages and benefits under a new contract offer, which the union rejected in September. Union officials say the company stopped contributing to workers' pensions last year.
Hostess has argued that workers must make concessions as it tries to improve its financial position. The privately-held food maker filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade. Hostess cited increasing pension and medical costs for employees as one of the drivers behind its latest filing.
The company, founded in 1930, is fighting battles beyond labor costs, however. Competition is increasing in the snack space and Americans are increasingly conscious about healthy eating.
post edited by Dr of BBQ - 2012/11/15 21:20:30