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I think "nobody" is a bit inaccurate: Seattle PI (AP): "The Irving, Texas, company said a nationwide strike crippled its ability to make and deliver its produc
by binxbolling 14y ago
I think "nobody" is a bit inaccurate:
Seattle PI (AP): "The Irving, Texas, company said a nationwide strike crippled its ability to make and deliver its products, which also include Ding Dongs, Ho Ho's and Home Pride bread."
http://www.seattlepi.com/news/texas/article/Twinkie-maker-Hostess-reaches-the-end-of-the-line-4043395.php#ixzz2CPcWHJoE http://www.seattlepi.com/news/texas/article/Twinkie-maker-Ho...
MSN (Reuters): "Nearly 18,500 workers will lose their jobs as the company succumbs to the crippling effects of a nationwide union strike."
http://money.msn.com/top-stocks/post.aspx?post=6d7b095e-e558-4dc4-83e9-1859d177e676&ocid=ansmony11 http://money.msn.com/top-stocks/post.aspx?post=6d7b095e-e558...
Read other articles this morning (sorry I don't have them on-hand) that are also pinning this on strikes, mostly because AFAIK Hostess is trying to pin it on the strikes.
- tptacek 14y agoThe strike is crippling them. But the strikes themselves aren't the systemic cause of Hostess Brands bankruptcy, which started long before this round of strikes. Demand for Hostess offerings is down, and Hostess' overhead is atypically high for its industry.
- binxbolling 14y agoRight, so we agree then.