questionsdid you know hostess is shutting down?

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So after everything they've been through, a union seals the deal on their fate. Whatdya know. Although it's easy to blame their union today; ever since the healthnuts started blaming companies for America's obesity problem, Hostess never stood a chance.

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I never thought I see the day when Little Debbie would be king of the hill.

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Arise Tastykake!

Take your rightful place as the dominant snack cake company!

Arise!!!

http://www.tastykake.com/

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@unitcode: No way, Tastykake is like Hydrox's copy of the Oreo. It's close, but just not the same

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@unitcode: problem is tastykake has had their own poroblems too.

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@ryanwb: actually Oreo is a Copy of Hydrox

Hydrox came out first, Oreo copied them... but Oreos are better

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@jmattoon: I hate Little Debbie products, they taste like plastic

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Even though I haven't eaten a Twinkie in at least 20 years, I can't say I'm not a little sad. I'll miss the jokes.

(Like in "Ghost Rider 2," when That-Guy-Who-Decomposes-Anything-He-Touches picks up a Twinkie and tries to decompose it, and nothing happens.)

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@mkentosh: Where do you get your plastic? I need to start buying stock...

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@stewy0327: I learn something new everyday.

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Seeing the end of Twinkies is sad, but the reasons that forced them to pull the plug is the real sadness. Can't remember the last time I had a Twinkie, but I remember liking them as a child and always loved it when mom would put one in my school lunch. Thankfully, now that Twinkies will be no more, certainly mankind will no longer have obesity problems! ;)

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I heard a rumor that BIMBO might by the rights to there stuff...

Bimbo is buying up like, every other "bakery" of snacks like sara lee and i think tastey cake. I got my informaion from a radio program so please don't take it as absolute fact.

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@mkentosh: I love Little Debbie products; they taste like plastic.

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Sad to hear. Going to stock up on some things tonight to freeze.

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Their brand names and brand equity will be sold off. Twinkie will, without a doubt, be scoop up by someone. So hold back those tears for the time being.

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Sounds like just another reason to outlaw unions.

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@philosopherott: i would imagine that someone will buy up the rights to sell those products with those names, whether it's bimbo or someone else. i mean, why not? you wouldn't have to compete against TWINKIES anymore, because you would now own them! that's a deal worthy of a woot.com listing.

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I guess the second largest union within Hostess really thought a 100% pay cut was better than an 8% one. Who knew.

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Just read a story online that all the brands will be sold off and made by other companies. I'm fine with that. Hostess was making Drakes Cakes for years, they were fine. Lots of companies have other companies making their products today anyway. You'd be surprise how little Hershey's makes of their own prooduct and has other companies making candy for them. While a lot of people don't want to hear this, the Union had a huge role in this company going down, NOT Obamacare like many have already suggested. Like it or not, this was a business decision, not a good one, but sometimes, business is just business.

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@mtm2: not outlaw, just bring them in for a reality check

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Little Debbie Brand Swiss Rolls are WAY better than Hostess brand Ho-Hos and less than 1/2 the price.

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@figgers3036: We had a company here that was facing bankruptcy. They offered their union employees a 10% pay cut and a "good shot" at recovering from the bankruptcy. The union refused the offer because the employees would make more on unemployment at their salary before the pay cut than they would be after.

100+ people lost their jobs because it was "better for them" in the short run.

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Sooo glad we voted for the unions be able to continue skimming political money off workers paychecks here in California.

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So long Hostess ~ you'll be missed!

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As new of this has spread, people are making a mad dash for them. My wife said Wal-Mart was already sold out as of this morning. Another local grocery chain's supply was being wiped out by people just loading up their carts ('Merica!!)

I need to get one more apple pie!

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r.i.p. orange cupcakes with the swirls

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I guess I should try a twinkie, before I can not. Better let my kids try one too.

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We'll be trying to hit the local Wonder/Hostess outlet store tomorrow afternoon. Hope they have something left!

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I would have to assume much like Tastykake someone will buy them out and keep the Hostess brand alive.

It could be worse, it could have been Entenmann's!

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They are going to sell their assets, including their brand names and intellectual property, and receipts, in their liquidation. It'll take a few months, but some other company will start making "Twinkies" again. They'll be made in a different bakery with different employees, and if they don't get the receipt just perfect, they may taste a tiny bit different. But they will be back.

Until then, like stated above, blame the union that wouldn't accept an 8% pay cut to save the company. Clearly, the company wasn't bluffing when they said they needed to cut costs.

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Their best thing was the Suzy Q. Poor Miss Q was not the most popular belle at the Hostess ball, but still my favorite. Simple enough, but no other imitator I have found even comes in the ballpark.

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Worst part to me is that they own Drakes Cakes - Devil Dogs, Yodels and the Like.... OH NO!!!!

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Predictable union-busting in the comments.
I guess you guys won't be happy until we're back at 80 hour workweeks with no weekends, sick pay, vacation time, decent pay, or benefits, huh?
The union members in question already made lots of major concessions to the PE firm that bought out Hostess when it went bankrupt years ago, they had to draw the line somewhere.
The CEO even admitted that the reason for the falling profit margins was consumers choosing to eat healthier.
The brand was also owned by a vulture capital firm that was participating in the modern form of union-busting, namely buying out a brand, running the company in the ground while trying to squeeze every dollar out of it they can so they get as much ROI in as short a time as possible, increasing CEO pay by tremendous amounts, and then blaming the unions/workers/consumers when the company is successfully mismanaged into oblivion.
Did you know their idea for saving the Twinkies line was to make whole wheat Twinkies?

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Not to mention Hostess was already going bankrupt well before any union negotiations happened. They filed for bankruptcy protection back in January (which is where some major restructuring and concessions were made by the union). This is almost the exact same kind of situation as kay-bee toys went through years ago. Bought out by a private equity firm, run into the ground while the firm takes as much money as possible from it, and then finally liquidated when no more could be wrung from the emaciated corpse of the corporation.
But I guess it's just easier to believe the union-busting propaganda put out by the CEOs and PE firms than to do a little research and critical thinking.
It rarely ever makes sense to blame the workers rather than the management when a company goes down.

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Note: I am not saying that the union is blameless here, but the notion that "if only they would have accepted yet another pay and benefits cut, the company could have been saved!" is absurd, false, and unjustly demonizing of unions.
What about the massive pay increases that upper management received? What about the absolute failure of a reorganization (that took five whole years to boot) after 2004? What about the fact that despite going bankrupt once already and having troubles for decades due to declining consumer appetite for these kinds of snack cakes the company just kept on trucking with the same business model?
There is a long story with many actors that led to Hostess going bankrupt in 2004 and liquidating now. Blaming it solely on unions is disingenuous, at best.

Now bring on those downvotes from the union-busters!

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@stryker4526: Maybe this question will be better suited for you to rant. We're sorry that the "union busters" offended you and the other person on the downvote spree.

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RIP Frozen Yodels!

And to think Unions have that much power. Where has this country gone? Unions are supposed to help the struggling worker, not destroy management, or the entire company. Well, what are you gonna do? Makes things easier for my mom and me when we try to keep my stepdad from eating Twinkies.

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@rdjuras: Hostess has been in chapter 11 since 2004 with $500 million in debt and $2 billion in unfunded pension liabilities.
Hostess fell victim to inept management, nepotism, greed, short-sighted hedge fund managers, intransigent unions, changing consumer appetites, economic circumstances, and bad luck (although ultimately, Hostess is the one who agreed to some of the ridiculous union demands like separate drivers for separate product lines going to the same place).
Unions do not "have that much power." Unions, bad management, and bad luck do, however.

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Hostess workers were "represented" by 12 different unions. All but 1 of these unions agreed to the concessions.

So thanks to the 5,000 members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, 13,500 reasonable people have lost their jobs.

This is why America can't have nice things.

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@stryker4526: Oh, I'm not denying that. I'm just going by what I'm reading in the papers. It seems the media is looking to blame the one union that refused to agree with what Hostess was offering for the final downfall of the company.

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A Twinkie will never taste the same after this sad day. :(

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@rdjuras: That's true.
However, despite what the media says, the Hostess brand was in a death spiral before the strike ever happened. It may have accelerated it, but it certainly didn't cause it.
I would say I'm sad but Hostess snack cakes are nasty.
Not to mention like, triple the price of their competition (one reason for the aforementioned death spiral).

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@stryker4526: Gasp! You never enjoyed Hostess Cupcakes or Yodels as a child?

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I am going to miss Hostess fruit pies and cupcakes. My waistline, however, will not.

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@stryker4526: sorry to see all the DV you're getting. Unions are just getting the blamecast in this one.

Who here wants to lose their job while the CEO gets a 300% pay raise to close bakeries anyway?
http://www.sacbee.com/2012/11/13/4983174/hostess-continues-pattern-of-misinformation.html#storylink=cpy

j5 j5
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I just saw the Twinkie employees on TV. No wonder they taste like crap. I wonder how much they were paying those slobs.

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@rdjuras: Well, as a child, yes.
Sometime around high school, though, I realized that they weren't actually good and were the worst kind of sugar bomb.
I sort of lost most of my taste for sweet things after high school.