If they quit then they can't leech off the 99-weeks of unemployment and force you and everyone else to pay for it.
I did read the article, dipshit.
If things are so bad for them, why don't they just quit? If they're willing to lose their jobs and the cuts they've accepted are too much, why don't they just quit and find employment elsewhere?
Last time I checked, Hostess isn't the only large-scale bakery.
Exactly, free market at work. If there is demand it will be filled elsewhere.
Weak companies should fold.
You're right weak companies should fold but why was it that we bailed out US auto-makers again? Oh that's right we did so to bail out the unions at the expense of US tax payers.
In addition I bet the company that will succeeded and take over the market in the case of the original post will probably non-union and in a right to work state.
I can't find how much the bakers make but lowly Bakery Outlet Clerks appear to make $16 to $18/hour. Doesn't sound like poverty wages even if you reduced it by 8%.
http://www.glassdoor.com/Hourly-Pay...Outlet-Clerk-Hourly-Pay-E329177_D_KO15,34.htm
Hostess announcement that it is liquidating the company is a deep disappointment for all of our Hostess members. While Hostess management wants to blame our members for the demise of the company, the truth is that had it not been for the valiant efforts of our members over the last eight years, including accepting significant wage and benefit concessions after the first bankruptcy, this company would have gone out of business long ago.
Hostess failed because its six management teams over the last eight years were unable to make it a profitable, successful business enterprise. Despite a commitment from the company after the first bankruptcy that the resources derived from the workers concessions would be plowed back into the company, this never materialized. Management refused to invest in modernizing its bakeries or devote necessary resources to advertising and marketing, product development and new technology. Business plan after business plan failed, leaving the company ever deeper in debt.
When a highly respected financial consultant, hired by Hostess, determined earlier this year that the companys business plan to exit bankruptcy was guaranteed to fail because it left the company with unsustainable debt levels, our members knew that the massive wage and benefit concessions the company was demanding would go straight to Wall Street investors and not back into the company.
Our members were aware that while the company was descending into bankruptcy and demanding deep concessions, the top 10 executives of the company were rewarding themselves with lavish compensation increases, with the then CEO receiving a 300 percent increase.
Our members decided they were not going to take any more abuse from a company they have given so much to for so many years. They decided that they were not going to agree to another round of outrageous wage and benefit cuts and give up their pension only to see yet another management team fail and Wall Street vulture capitalists and 'restructuring specialists' walk away with untold millions of dollars.
Throughout this long and difficult process, BCTGM members showed tremendous courage, solidarity and devotion to principle. They were well aware of the potential consequences of their actions but stood strong for dignity, justice and respect.
I doubt they made near that much. They had previous accepted 2 rounds of concessions while the executive pay skyrocketed.
This is the unions response. They basically accepted that even the companies financial consults said the company wouldn't make it. So why accept cuts? If they accept cuts that then lowers the amount they would get from unemployment in a few months or a year when the company went under regardless.
Our members were aware that while the company was descending into bankruptcy and demanding deep concessions, the top 10 executives of the company were rewarding themselves with lavish compensation increases, with the then CEO receiving a 300 percent increase.
This is the unions response. They basically accepted that even the companies financial consults said the company wouldn't make it. So why accept cuts? If they accept cuts that then lowers the amount they would get from unemployment in a few months or a year when the company went under regardless.
For one, them going under is never a guarantee just because some consultants say so, also because "cuts" at least give the company a chance to try. What is a 100% guarantee is when you give up without trying and take easy way out at the taxpayer's expense, which is already stressed as it is in this economy. It doesn't help anyone.
Seems to me they did it solely to collect unemployment at their current salaries. They forced a company to liquidate so they could get unemployment. That's insane.
Is that really allowed?
For one, them going under is never a guarantee just because some consultants say so, also because "cuts" at least give the company a chance to try. What is a 100% guarantee is when you give up without trying and take easy way out at the taxpayer's expense, which is already stressed as it is in this economy. It doesn't help anyone.
How many times does a company need to go bankrupt till you stop believing changes will be made? How many pay cuts and how long should an employee wait till they start seeing changes in the company that will help it to be successful?
Unless this new bankruptcy brought in new management why would anyone think things would change?
Seems to me they did it solely to collect unemployment at their current salaries. They forced a company to liquidate so they could get unemployment. That's insane.
Is that really allowed?
Quit. Find a new job. WTF is so hard to understand? Why in the world would you force them to liquidate at the expense of all the employees? All the other unions disagreed with them even.
In the mind of the liberal, a job is a right complete with taking care of their every need.
In the mind of a republican, it is a right to bend the middle class over and take huge bonuses while you bankrupt a company.
In the mind of a republican, it is a right to bend the middle class over and take huge bonuses while you bankrupt a company.
I guess management should just work for free, right?
One can always go get another job, it really is that simple. But you keep up the war against the bourgeois comrade! You and your kind are doing a hell of a job in destroying industry. Do keep it up! Soon you will achieve your goals.
So you agree that in your mind it is a right for executives to give themselves huge bonuses and raises while destroying companies? Just confirming.
They don't have 50% of the population that are sociopaths who praise the rich at the detriment of the working class like we do with the GOP.
Absolutely. Nothing wrong with that at all, there are winners and losers in life. Pick your lot in life, I shall not choose your loser side. The sooner one learns life isn't fair, the better one shall be.