I like a Twinkie every once and awhile (did you know that they now have Twinkies with chocolate creme filling). But I'd be happy to forego the future opportunity for the sponge cake treat if Hostess sticks by its warning that it will begin to liquidate the company if striking union members don't return to work by the evening of November 15.
The company negotiated a new contract with the Teamsters, but the Grain Millers union launched a strike last week to protest a labor deal implemented during its bankcruptcy which contained cuts in wages and benefits. The strike (which includes the facility in Northwood, Ohio) has already resulted in the closing of three Hostess factories.
The liquidation of Hostess would result in the loss of 18,000 jobs.
I'm hoping that the company stands by its position to liquidate. Unskilled workers need to get a clue that they're a dime a dozen and in this Obama-tainted economy (their union dues helped to pay for Obama Part II) they should feel lucky to have a job.
Business executives have the education, skills, and experience to find other jobs. The laborers are the ones who are striking their way right out of an income.