zorro
Here is one reason. Unions. Unions destroyed their business. Twinkies and the bread cannot be on same delivery truck going to same receiving store because of union demands. There must be different workers stocking shelves. This is just one example. I don't feel sorry for those union employees , you voted to lose your job. Sorry for your luck.
3 Answers
jhharlan
bigben
Unions had very little to do with it. The business went down because of what most businesses go down from, poor management. They claimed bankruptsy back in January and the unions agreed to reductions in benefits and pay. Also, after the bankruptsy two venture capitalist invested hughe amounts of money in the company which they had borrowed and then settled the debt on Hostess. Then the new investors tapped into the pension account and drained it for the money and left Hostess billions in debt. People are always ready to blame the unions when most companies go out of business but, the unions usually have very little to do with the problem. They are one of the primary reasons we developed a middle class after WWII. Funny how now that the unions have declined so has the middle class and all the money has risen to the top 1%.
| 12 years ago. Rating: 1 | |
dylin123
