the world would be a better place without the Twinkie.
There's no need for blasphemy.
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the world would be a better place without the Twinkie.
Steve? Have you tried any of these concoctions?
Steve? Have you tried any of these concoctions?
Updated November 16, 2012, 9:06 a.m. ET
Twinkie Maker Hostess to Close
By RACHEL FEINTZEIG
Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and will seek to liquidate the 82-year-old business.
A victim of changing consumer tastes, high commodity costs and, most importantly, strained labor relations, Hostess ultimately was brought to its knees by a national strike orchestrated by its second-largest union.
The work stoppage, launched Nov. 9 by the Bakery, Confectionery, Tobacco Workers and Grain Millers Union to protest a fresh labor contract, affected about two-thirds of Hostess's 36 plants. The strike was making it impossible for the Irving, Tex., company to continue producing its baked goods, Chief Executive Gregory Rayburn said.
...
"We deeply regret the necessity of today's decision, but we don't have the financial resources to weather an extended nationwide strike," Mr. Rayburn said Friday. He said the company will "promptly" lay off most of its 18,500 employees and focus on "selling its assets to the highest bidders."
Hostess Brands is Closed.
We are sorry to announce that Hostess Brands, Inc. has been forced by a Bakers Union strike to shut down all operations and sell all company assets. For more information, go to hostessbrands.info. Thank you for all of your loyalty and support over the years.
HOSTESS BRANDS TO WIND DOWN COMPANY AFTER BCTGM UNION STRIKE CRIPPLES OPERATIONS
Friday, November 16, 2012 at 7:00AM
Irving, TX – November 16, 2012 – Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including its iconic brands and facilities. Bakery operations have been suspended at all plants. Delivery of products will continue and Hostess Brands retail stores will remain open for several days in order to sell already-baked products.
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In addition to dozens of baking and distribution facilities around the country, Hostess Brands will sell its popular brands, including Hostess®, Drakes® and Dolly Madison®, which make iconic cake products such as Twinkies®, CupCakes, Ding Dongs®, Ho Ho’s®, Sno Balls® and Donettes®. Bread brands to be sold include Wonder®, Nature’s Pride ®, Merita®, Home Pride®, Butternut®, and Beefsteak®, among others.
The wind down means the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States.
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For employees whose jobs will be eliminated, additional information can be found at hostessbrands.info . The website also contains information for customers and vendors. Most employees who lose their jobs should be eligible for government-provided unemployment benefits.
Imagine a Tiramisu with twinkies instead of lady fingers. Twinkimisu!
1 package vanilla instant pudding
1 3/4 cups Milk
1/4 cup amaretto
1 cup strong coffee, warm (not hot)
1 tbsp sugar
1/4 cup Kahlua
2 cups Cool Whip (thawed)
10 twinkies
unsweetened cocoa for dusting
Combine pudding mix, milk and amaretto. Mix and then set aside until thick.
In a seperate bowl, combine coffee, sugar and Kahlua. Mix until sugar is dissolved, then refrigerate until cool.
Line baking sheet with wax paper and then arrange the twinkies in a single layer. Drizzle the coffee mixture over each twinkie so that it soaks in.
Fold the whipped topping into the pudding mixture. Spoon 1/3rd of this into the bottom of an 8x8 baking dish.
Arrange the twinkies evenly over the pudding, and spoon the remaining pudding over the top of the twinkies. Refrigerate and then dust the top with the cocoa.
Or, take 6 twinkies and cut them in half, lengthwise. Then make a chocolate bundt cake batter. Pour half of the batter into the bundt pan and then arrange the twinkie halves vertically, evenly spaced around the pan. Pour the remaining batter over so that the twinkies are completely covered and bake. Mmmm... twinkie filled bundt cake.
Twinkie Smoothie:
2 Twinkies, 2 scoops vanilla ice cream and 1 cup frozen strawberries. Blend until smooth.
You use okra in Tiramisu?
"The Teamsters union, which represents 7,500 Hostess workers, has been sharply critical of the smaller Bakers' decision to strike, saying it was forcing the company to the cusp of liquidation. The Teamsters said Thursday that the Bakers' union should hold a secret ballot on the company's offer, rather than the voice votes that were held in union halls around the country that authorized the decision to strike.
"It is difficult for Teamster members to believe that is what the [Bakers' union] Hostess members ultimately wanted to accomplish when they went out on strike," said the Teamsters' statement. "
http://money.cnn.com/2012/11/16/news/companies/hostess-closing/index.html?hpt=hp_t1
The new contract cut salaries across the company by 8% in the first year of the five-year agreement. Salaries were then scheduled to bump up 3% in the next three years and 1% in the final year.
Hostess also reduced its pension obligations and its contribution to the employees' health care plan. In exchange, the company offered concessions, including a 25% equity stake for workers and the inclusion of two union representatives on an eight-member board of directors
You use okra in Tiramisu?
Yeah. What shesulsa said! Huh???????? Huh?????
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Exactly... what did we lose? Diabetes?Other than potential jobs lost, the world would be a better place without the Twinkie.
$450 million in debt killed the Twinkie.
Aaaand who is responsible for that debt?
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Not the union......
Perhaps the fault lies with those of us who cut back on Twinkies, Zingers,Ho_Hos, and fruit pies....:lfao:
In March 2012, Brian Driscoll resigned from his position as CEO. Gregory Rayburn, who had been hired and named Chief Restructuring Officer only nine days earlier, assumed the leadership position. Fortune reported that unions within the organization had been unhappy with Driscoll's proposed compensation package of $1.5 million, plus cash incentives and a $1.95 million "long term compensation" package. Additionally, the court had discovered that Hostess executives had received raises of up to 80% the year prior
In an effort to restore relations, Rayburn cut the salaries of the four top Hostess executives to $1, to be restored on January 1 the following year.