End of an American icon?
Union strike shutters Hostess
- Duration 2:57
- Date Nov 17, 2012
Union strike shutters Hostess
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While it's grim for twinkies self help -- that's the iconic maker.
Played bring that back of the classic brands like twinkies and Wonder Bread announced it's closing its doors for good laying off thousands of Americans in the process.
Post this rich labor deals with several of its unions but not the one representing the bakers union refused to compromise on a bevy of issues.
And get back to work and now the entire company is shutting its -- they will liquidate joining us now.
With Morrissey off the -- author of shadow bosses Mallory factor.
Could see this morning -- Morning Dave how -- doing okay doing better than that 181500.
People who are losing their jobs this shocker here is the Teamsters.
Agreed to a union what was the sticking what was the issue.
That that bakers union just could not resolve.
-- a lot of issues but the AFL's chief trumka the shadow boss -- -- blames hostesses insolvency on.
Being style Wall Street falters and the mainstream media -- they're blaming.
-- failure on health conscious consumers but neither -- Democrat.
It's the private sector unions that -- once again negotiated their members out of a job.
Let's look at some of the union obligations for hostess and why they say they had such a difficult time turning a profit staying afloat.
Collective bargaining agreements forty different pension plans.
Delivery routes we're surprised to find that.
The union even said they cannot deliver a twinkie.
And Wonder Bread and the same truck they require different routes let me tell you what the baker had to say about this the union not willing.
To take draconian wage and benefit cuts on top of the significant concessions they made in 2004.
And give up their pensions -- that Wall Street vulture capitalists in this.
Company can walk away with millions of dollars what about that accusation that this is.
Vulture capitalist people at work and that look they just -- China maintain good wages and pensions for their members.
That's nonsense I mean as you just said union rules dictate that.
Kenny input hostess cakes and host is bred in the same truck and went delivery -- comes to the store you got to use a pull up.
I pull -- a worker who shelves products and you have to have a different one for Kate and a different one for bread the driver isn't even allowed to do it.
But what have broke within 90% of the -- voted against this agreement why didn't they take something knowing that they're losing their jobs.
It's the unions again just pushing for more and more.
I mean -- they just negotiate their members out of a job remember that less than 7% of private workers -- union members today in the United States.
Private sector unions continue to drive themselves and America out of business Mallory factor the author of shadow boss is Wilson -- some twinkies thank you sir.