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In most industries union employees cost little if any more than non-union employees. I came from the manufacturing sector and of 80ish US plants about 5 were union. The wages at those plants were below our average.If your cost of production is such that you cannot compete, no amount of marketing is going to help.
So if I pile huge weights on you and you stand and then someone else puts another weight on and you collapse. Does the fault only lie with the second person? That's what being claimed here.The Bakers Union are the ones who pulled the trigger so yeah... it gets laid at their feet.
Thanks you for finding an article that talks about the issue without reportng to finger pointing.Here's a more detailed account of " the Twinkie Woes"
Hostess is bankrupt … again - Fortune Management
Heck, historically even #3 doesn't tend to happen.
If your cost of production is such that you cannot compete, no amount of marketing is going to help.
So if I pile huge weights on you and you stand and then someone else puts another weight on and you collapse. Does the fault only lie with the second person? That's what being claimed here.
You'll note that I never defended the Bakers Union actions. I only stated that the bulk of the blame hardly lies with them.
The Bakers Union are the ones who pulled the trigger so yeah... it gets laid at their feet.
Maynard Keenan said:The company pulled the trigger on cutting wages. Why must employees accept whatever the company wants to do to them, or else it's their fault? There is such an imbalance in this country, where we have come to view labor as an expendable commodity that should be thankful to get anything at all and never complain if they get less?
The company pulled the trigger on cutting wages. Why must employees accept whatever the company wants to do to them, or else it's their fault? There is such an imbalance in this country, where we have come to view labor as an expendable commodity that should be thankful to get anything at all and never complain if they get less?
And the problem is entitlement mentality that employers believe that employees should be happy with whatever they get.The problem is the entitlement mentality where people think they have a right to a job.
Wrong. A job is a contract between and employer and and employee. Employees incur the risk that employer knows how to run a business well. Employers incur the rish that the employee will not yeild an ROI.The jobs belong to the owners of the companies who took the risks and put their blood sweat and tears into building the businesses.
I've seen many a business fold due to this mentality.As my boss says, if the employee doesn't like his situation, he can find another situation (or build his own company).
This situation didn't occur in a vacuum.If the company is unable to survive with the wages the employees want the employees either take cuts of as we see here lose their jobs.
Time to stock up on Twinkies & freeze them.
Wait about a year when people start missing them & put em on E-Bay
The company has been through 6 CEOs in less than ten years, failed to use the wage cuts layoffs etc. agreed to by the unions and the debt the co. piled on to upgrade facilities (as promised), angered their investors and employees by giving top mgmt. 80% pay raises as the company was crumbling ... ya think this was entirely the result of employee wages ?If the company is unable to survive with the wages the employees want the employees either take cuts of as we see here lose their jobs.
The company has been through 6 CEOs in less than ten years, failed to use the wage cuts layoffs etc. agreed to by the unions and the debt the co. piled on to upgrade facilities (as promised), angered their investors and employees by giving top mgmt. 80% pay raises as the company was crumbling ... ya think this was entirely the result of employee wages ?
Their competitor, Bimbo Bakeries USA, has union employees and isn't bankrupt.
This sounds like a Hostess investor and mgmt. problem ...
Hostess is bankrupt again - Fortune ManagementRight, because those lousy unions should have accepted the status quo of management getting 30-80+% increases while being asked to take an 8% decrease, as that is capitalism at work.
Workers demanding to be compensated appropriately? That, to those who shout the praises of capitalism from the rooftops, is somehow wrong.
.The critical issue in the bankruptcy is legacy pensions. Hostess has roughly $2 billion in unfunded pension liabilities to its various unions' workers -- the Teamsters but also the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (which has largely chosen not to contest what Hostess wants to do -- that is, to get out of much of that obligation). If the bankruptcy court lets Hostess off the pension hook -- which often happens in these cases -- it only moves the struggle outside the courthouse, and the ante goes up.
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