News is out today that “Hostess Brands” – maker of Twinkies, Ding Dongs, and Wonder Bread, is going out of business and will layoff 18,000 workers after some of it’s union workers failed to end their strike by 5 PM yesterday. Above is video of Hostess CEO Gregory Rayburn explaining that the move would come if the union did not end the strike or the union workers did not cross the picket line to continue production:

NBCDFW5: Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn said in announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”

Hostess Brands Inc. had warned employees that it would file to unwind its business and sell off assets if plant operations didn’t return to normal levels by 5 p.m. Thursday. In announcing its decision, Hostess said its wind down would mean the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores in the United States. . . . Read More

“Hostess Brands” Going Out of Business, Laying Off 18,000 Workers after some Union Workers Failed to End Strike – Video 11/15/12

Now that President Obama has been re-elected, Businesses across the country are no longer in “wait-and-see” if he gets re-elected mode. It appears many companies are now deciding to lay off workers ahead of the full implementation of ObamaCare and other anticipated Obama policies:

FREEDOM WORKS: Last night’s victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America.

It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy.

Who will pay? The middle-class workforce, of course.

So with another four years for President Obama to look forward to, and the obvious inevitability of Obamacare that this entails, let’s examine the very real jobs that will be lost, and the very real lives that will be affected. . . . See the List of Companies that have announced layoffs

More:

Companies Announce Layoffs in Wake of Obama’s Re-Election

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