I bet the baker's union that went out on strike against Hostess is jumping for joy now. They got what they wished for- Hostess is officially dead and it is going to be sold off.
From Fox News:: Twinkies, Ho Hos and Wonder Bread are up for sale now that a bankruptcy judge cleared the way for Hostess Brands Inc. to fire its 18,500 workers and wind down its operations.
A last-ditch effort to end a strike with Hostess' bakers union failed Tuesday night and Judge Robert Drain on Wednesday approved the company's request to shut down its business and sell the pieces to the highest bidder.
Hostess management told Drain that they needed to begin the liquidation process quickly to take advantage of a surge in outside interest in its brands, which in addition to its namesake include Nature's Pride, Dolly Madison and Drake's.
Hostess, based in Irving, Texas, also wanted to quickly shut down because it has been spending about $1 million a day in payroll without any income since it halted operations last week.
The company will send out termination notices to its employees on Wednesday, said CEO Gregory Rayburn.
"Those employees now need to look for work," he said.
Hostess said it plans to retain about 3,200 employees to help with the initial phase of the wind down. The entire process should take about a year. http://www.foxnews.com/us/2012/11/21/judge-oks-hostess-plan-to-shut-down/?test=latestnews
But the The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, the union that killed Hostess is out to kill another company, American Crystal Sugar. On the union web site, all the union does is complain about different companies and how evil these companies are.
Well, isn't The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union really the evil one, as they put 18,000 people out of work.
What a bunch of morons and idiots. And they still think they are going to be hired by another company?
Yeah, right.
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