Sad day in America

Not "going out of business" but rather being "forced of of business" by the unions.  The unions refused to end their strike so they have ot close the doors.  18,000 unemployed.

The asked the unions to take a 8% pay cut now with a 3% raise next year and 1% increases thereafter. In return they got a 25% equity stake in the company. Turning that down was crazy.

Unions are bad for this country.  You will never convince me otherwise.

+1

18,000 workers losing their jobs.  I'll bet they're glad they stuck to their guns.

I thought of that, but unfortunately I have very low impulse control when it comes to eating.  So I would likely eat the lifetime supply in just a few weeks.  

They had their time and place. Totally agree with this.

I remember being a kid thinking "when I get older, I'm going to eat a twinkie whenever I want one.  I don't think I've had a twinkie in 20 years.

Still sad to see them go.  I bet the union is patting themselves on the back for holding the line about now.

The up side of Hostess shutting down and liquidating is that any Twinkies you currently own are now collectors items... and they'll last long enough to continue to appreciate in value.

This could be like buying gold at $1.00 an ounce.

So, taking a pay cut that will take 6 years to get back to the baseline level (and after accounting for inflation, would still in reality be a pay cut from now), and a stake in an apparently failing company is a good idea?

I don't know what the unions wanted, so I can't really comment as to whether or not the counter offer was any better. But clearly the owners of the company felt that they did not need to meet those demands, and would be better off closing down the whole thing.

But on a tangentially related note, wasn't the search for the last remaining Twinkies a significant plot point in Zombieland? Is this another sign that the Mayans were correct? First no Twinkies, then walking undead. Seems like the logical progression to me....

Good news. They will most likely sell off the brands to someone else who will continue making them. 

Zombie twinkies? 

Barely more than one month until the Mayan calendar ends.....

... just sayin'.

Apparently a better idea than the alternative.

You forgot that part.  That was the major sticking point, not the 8% paycut, it was the 30% in benefit costs being put onto the employees.  That's a major point you left out which better explains why the union fight.  So you can blame this one on the cost of healthcare and health insurance.

NOW what're we going to do when the zombie apocolypse comes?  What's to live for if not Twinkies?!

Don't categorize that with one big sweep.  Unions were formed to PROTECT the workers - thank them for the good work environment, etc. otherwise you would've been worse off.

On the other hand, this is one where a Union really needed to bargain better and look at the whole picture instead of being so selfish.

Further proving my point about the zombiepocalypse. Workers can't afford health care. Get sick and die. The latent Z-virus activates and we are filled in a world of walking dead devoid of twinkies. Oh, it's a sad, sad day for America. Even sadder than when Jum Moran was prompted to observe "It's a sad day for American capitalism when a man can't fly a midget on a kite in Central Park."