Quote:
Originally Posted by markem
Just as we start to get legalized pot, too
http://dealbook.nytimes.com/2012/11/...-liquidate/?hp
Hostess Brands, the bankrupt maker of cream-filled pastries like Twinkies and Ho Hos, said on Friday that it planned to wind down its operations and sell off its portfolio of well-known brands. The decision comes a week after one of the company’s biggest unions went on strike to protest a labor contract.
Friday’s decision spells the end of Hostess, an 82-year-old company that has endured wars, countless diet fads and even an earlier Chapter 11 filing. As the national appetite for the junk food waned, the baked-goods maker fell on hard times.
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Unions can't ask for more pay or dispute contracts when a company is already bankrupt... if they do/did, they are biting the hand that feeds IMHO, then the company goes belly up... guess they got their answer...