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Forum Post: What really happened at Hostess.

Posted 1 year ago on Nov. 22, 2012, 6:48 p.m. EST by DebtNEUTRALITYpetition (631)
This content is user submitted and not an official statement

I think this Wall Street Journal article explains the exact cause as to why the company is being disbanded.

http://online.wsj.com/article/SB10001424127887324352004578130912150512612.html

It's a short but effective read and will probably explain the issue in a way you have not heard yet.

4 Comments

4 Comments


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[-] 0 points by stevebol (1269) from Milwaukee, WI 1 year ago

Guess the bakers were averaging $16 an hour and the teamsters about $20. The bakers must have been closer to $20 a few years ago because there was a paycut.

http://dealbook.nytimes.com/2012/11/19/hostess-and-bakers-union-agree-to-mediation/

[-] 0 points by stevebol (1269) from Milwaukee, WI 1 year ago

Complicated situation no doubt. Still hard to find accurate info on how much different workers were making per hour.

[-] 0 points by DebtNEUTRALITYpetition (631) 1 year ago

What I thought was important from the article was the distribution issue that apparently required two different teamsters in two different vehicles to visit each store, one for storing the product and the other for moving it.

I don't know if that applied to all situations but it seems to have caused an additional increase in distributions costs.

[-] -2 points by newShep (-179) 1 year ago

Hostess was another victim of the union