R.I.P. Hostess snacks

jtolbert said
Expect a quick sale, probably to someone closely tied to the existing company, and a turn-around to production in no time. Business will get moved to states more friendly to employers instead of employees.

67cudafb said
Hostess will come out of bankruptcy and will sell to a shell company and void their union contracts, stiff any company they owe money including retired employees. I willing to bet the ceo and board come out smelling like a rose. You going to see alot more companies go belly up in the next year or two. :wack:

Yep it will probably happen. We have a Wonder bakery in town and quite a few will be out of work. I am not pro or anti union but I find it interesting that as powerful as the Teamsters is they agreed with the company that if the strike continues the company will fold. Hostess has already declared Chapter 11 twice in the last few years which should be a good indication that things aren't so good but the unions wanted more. Hate to see a American icon go like that. tmm