Hostess CEO Grey Rayburn said the faltering company cannot handle the industrial action.
"We've been very straight forward that the business can't withstand the significant work stoppage," he said. "If this strike continues, there is certainly a risk that Hostess will go out of business.
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The company, which is privately owned by two hedge funds, has struggled in recent years with two bankruptcy filings, and is locked in a battle with the bakers union.
"Hostess Brands is making a mockery of the labor relations system that has been in place for nearly 100 years," union President Frank Hurt said in a statement. "Our members are not just striking for themselves, but for all unionized workers across North America who are covered by collective bargaining agreements."
The union, which represents more than 80,000 industry workers, maintains that the company's policies will bring its members back to workplace standards of the 1950s.Michelle Obama, when asked to comment, said this: "I think that twinkies are a thing of the past. They should consider replacing that creme filling with broccoli or carrots. By the way, there is absolutely no truth to the rumor that I have stockpiled several warehouses with twinkies in Roswell, New Mexico for the eventuality of a twinkie crisis.
Fluff piece. No data in it to make a determination of who is right and wrong.
ReplyDeleteIs journalism a lost art?
Really? You have to ask that? Two words. Ben Ghazi. After THAT media debacle and cover-up, I'm surprised ANYONE would ask if journalism is dead. OF COURSE IT IS! As to the piece, meh. It's just a blog post on a slow news day.
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