Triumphrat

SlowPocono

That is not so.

LEE

I would summize that the company was having issues besides labor. The inability to negotiate a favorable contract with unions was one more nail in the coffin. They decided it was best to fold. Union leadership most of the time is clueless to the wants and needs of there membership. They will try to squeeze business as much as they can and sometimes it back fires. A while back unions petitioned the labor board to change how votes were taken. Again I have seen first hand how unions operate.

triumpt120rv

Not enough "mangia cakes" in America, I think.

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BMK9251

+1 me too. I was a union member in Cleveland back in the 1970's. Hostess had acquired numerous companies and ended up with over 300 separate union agreements from multiple unions. None of the unions would agree with each other. Twinkies were not allowed to be hauled on the same trucks as bread. Management finally gave up.

SevenMonkeys

Sad to lose the Twinkie option, but I've always preferred Pop-Tarts for my preservatives.

Baltobonneville

Management over-leveraged, bankrupted (twice), cashed out and shut down. Driving companies into bankruptcy is the new methodology of "earning" money for financial manipulators and their compliant and highly-compensated corporate officers. They are the parasites of the American economy.

But go ahead and blame the unions for not accepting insulting and degrading cuts in pay and benefits.

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Demonic

Balton, while bankrupting the company, the CEO gave himself a 300 percent pay increase, and similar increases for the rest of the top executives.. Struggling company shafted by the union. Obviously.

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LEE

I guess the union was not as strong or manipulative as they thought. more time for meetings though....

When I was active as a union leader we had a saying Management get what management deserves....but sometimes unions get what they deserve.

ArmyVet

Having been scolded by IBALEE in the past, I want to make this apolitical.

I think this issue really shows how divided our country currently is. Pro Union/Liberal = the greedy executives are lighting their cigars with $100s while the common man starves. Pro Business/Conservative = the greedy union leadership only cares about their slush fund and cares less about the business or their own members. Both sides believe that if you do not see it my way you are too stupid to figure it out.

We need to find a way to bring all of us in from the extremes, to somewhere near the middle so we can at least see the other's point of view. If someone doesn't figure out how to do this soon, our country is in bigger trouble than we all realize. We have structural problems in our economy, and society, that need fixing to remain sustainable.

China will surpass us in GDP in the next decade. Latin America's middle-class has grown fifty percent in the past decade. If we wish to remain relevant in the world economy we need to come together, not pull apart.

LEE

AV actually that was very well put neither extreme meet in the middle ...I could live with that as a former union leader and a current director.

Who is this chap IBALEE?