Ho, Ho, No

A Very Merry Christmas to their union brothers and sisters from the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. They just succeeded in killing Hostess. No mo Ho-Hos.

A representative for the bakers union couldn’t be reached to comment Friday. Bakers union leaders rejected Hostess’s latest contract as too laden with cuts and union president, Frank Hurt, called it “untenable.”

Well, you gave your rank and file an whole new tenable place. The unemployment line. Along with Teamsters and a total of more than 13,000 people not in the Baker’s union.

Great strategy.

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One Response to Ho, Ho, No

  1. feeblemind says:

    And now for the irony from Zero Hedge:

    “And here comes the Hostess twist: because Tim Collins of Ripplewood, was a prominent Democrat, a position which allowed him to get involved in the first bankruptcy process in the first place, due to his proximity with the Teamsters’ long-term heartthrob Dick Gephardt (whose consulting group just happens to also be an equity owner of Hostess). In other words, the traditional republican-cum-PE scapegoating strategy here will be a tough one to pull off since the narrative collapses when considering that it was a Democrat who rescued the firm, only to see it implode in a trainwreck that has resulted in the liquidation of a legendary brand, and 18,500 layoffs.”


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