Death of the Ding-Dong? Hostess May Close

Reports are that Hostess is shutting down after a labor dispute. Is it the sad end of an era, or good riddance to junk food heaven?

Twinkies. Hostess Cupcakes. Wonder Bread. Ding-dongs.

They could be gone forever, with reports that Hostess Brands, Inc., said today that it will sell off or close down its 82-year-old business. Done in, says the CEO, by labor union action.

Hostess filed for Chapter 11 bankruptcy protection in January.

The company has been challenged not only by snarly labor relations and a national strike by its second-largest labor union, but also, says the Wall Street Journal, by consumers switching to healthier foods and high ingredient costs. 

Still, the Journal says that Hostess has threatened liquidation before, and not followed through. 

TELL US: What do you think about this end to a junk-food empire? Will you buy some Ding-dongs and Twinkies for old times' sake? Is it the end of an era? Or will the world be better off without so much junk food? Tell us what you think in the comments section below.

Trollinator November 17, 2012 at 05:30 PM
Of course the CEO blamed the union. Duh! Some news flash. There must be a way to blame Obama too. It's a sad life to live when all you do is promote peoples' misfortune.
wm as it is. November 17, 2012 at 07:55 PM
maybe they will reopen in right to work state, or get chased out of the country like the garment industry. in any event i'm putting away a couple of cases of twinkies to fund my grandchildren's education.
LJoel Hackbart November 17, 2012 at 11:46 PM
"Thanks Ray Guárico for your hateful comment reminding us once again that hate is really a Democrat thing." Try honey, to read the vulgar posts of the Jims and the Dump Obama's and the NF'S and come back and make that claim again with a straight face............ You have got to be joking or insane!!!!!!!!!!!!!!!!!!!!!!!!!
LJoel Hackbart November 17, 2012 at 11:53 PM
"It's their business and their money. They should be able to do with it what they want.' But not union's. Oh that's different. Ya right.
LJoel Hackbart November 18, 2012 at 03:46 AM
I’ll take a Senator influenced by labor over one bought and paid for by Big Oil and corporate special interests anytime. BTW NF how did all your pre election predictions and your Rasmussen poll and Dick Morris predictions work out for you? Nice call on the N.H. State elections as well. What a genius you are!
LJoel Hackbart November 18, 2012 at 05:17 PM
To dissect the mind of a conservative brain that has been so trained by the right wing propaganda. 1] When a business succeeds.... “I did build that" all by myself. I did not need any help from commerce. I did not need those roads and bridges. I don't need hard working employees. I don't need transportation for my customers. I didn't really need those government small business loans.I did make this successful business all by self. How dare President Obama suggest otherwise? 2] When a business fails.... The business assumes no reasonability what so ever. 'My taxes were too high. I had to follow common sense regulations. The darn unions would not accept a big enough pay cut to allow me to triple my CEO'S salary. It’s president Obama's fault. It had nothing to do with my business plan. It had nothing to do with people not demanding twinkles like they used too. It’s everyone else’s fault. I bear no responsibility whatsoever." Do any of you repubs ever listen to yourselves? Do you ever stop and think?
LJoel Hackbart November 18, 2012 at 05:28 PM
Another example of the GOP race to the bottom. www.perrspectives.com/blog/archives/002116.htm
salemvoter November 18, 2012 at 05:29 PM
Ljoel- The union entered into a contract with the company to provide a service for a period of time i.e labor. Does that give the union ownership in the company, NO. If you entered into a contract with me to do some work around your house, do I then have part ownership in your house? The union was offered a 25% ownership stake in the company and they turned it down. The union is free to do what ever they want with their money, not the companies.
LJoel Hackbart November 18, 2012 at 05:36 PM
NF How did those election predictions of that brilliant mind of yours work out for you? LOL LOL LOL LOL LOL LOL
salemvoter November 18, 2012 at 05:38 PM
Ljoel- you link to an article saying that states have a shortfall in their pension liabilities and say its Republican race to the bottom. Why? Because Rerpublicans understand that 1+1 does not equal 3. That just because Democrats say something should be free, doesn't make it free. Everything has a cost. Example, birth control and Democrat actions to make it free. Does that mean the workers in the birth control producing factories work for free? How about the cost of facilities to power those factories, free? Transportation costs from the factory to the distribution center, free? Medical testing to meet gov't regulations, free? The pharmacists that distribute the pills, free?
LJoel Hackbart November 18, 2012 at 05:46 PM
SV I'm not at all surprised my sarcasm flew over your head. "PC" said "It's their business and their money. They should be able to do with it what they want." In other words Commenter’s here have no right to criticize windfall pay raises to CEO "It's their bussneess." while simitanously bashing unions and their moves. That is hypocrisy plan and simple. GET IT NOW?
David Pittelli November 18, 2012 at 07:04 PM
Kuster got more from ideological/single-issue groups than from unions, but the latter were not inconsiderable. From opensecrets.org, here are her donors based on their industry of employment: Retired $235,685 Women's Issues $152,189 Lawyers/Law Firms $114,166 Democratic/Liberal $79,012 Leadership PACs $68,000 Building Trade Unions $57,500 Education $56,750 Pro-Israel $45,570 Industrial Unions $39,500 Public Sector Unions $38,500 Securities & Investment $32,500 Health Professionals $31,150 Candidate Committees $30,000 Business Services $28,000 Misc Business $25,044 Printing & Publishing $20,500 Other $19,000 Misc Unions $17,500 Misc Finance $17,500 Hospitals/Nursing Homes $17,350
LJoel Hackbart November 19, 2012 at 04:54 AM
SV MY.MY. I guess I have to explain everything to you like kindergartener! The point of this link also flew miles above your head. So let’s see if you are able to comprehend this hypothetical example: State a Becomes a "right to work"[for less] State which is attractive to new businesses because low wages mean lower costs. Sounds great right? {Who cares about such trivial things like the resulting lower standard of living that results?] State B Wants that new business instead. State B decides it must weaken regulations for dumping waste. The business can save money and aggravation by moving to state B. Sounds great right? {Who cares about such trivial things like the people who live near the new waste site?] State A must now up the ante. State A eliminates the State business tax. That would be very beneficial to the bottom line of that business wouldn't it? [Who cares about such irrelevant things like the State having to shift cost to municipals and cut highway funding and raise fees?]] State B In order to "compete" with the now low wage State A passes a 'right to work"[for less'] bill to entice that business. Sounds great right? [And who cares That both "A" and "B" are becoming more and more like Mississippi and America as a whole sinks down together} Do you understand "race to the bottom now"? Maybe your mom can explain it better.
Super Fun Size November 19, 2012 at 12:33 PM
Your making assumptions salemvoter.
Jeff Hatch November 19, 2012 at 01:42 PM
lets face it the only safe job is a government job
Atlant November 19, 2012 at 01:46 PM
The leveraged buy-out, not the unions, is what killed Hostess. It was, in essence, "Bained" whereby wealthy investors stripped its assets. http://www.nytimes.com/2012/11/19/opinion/krugman-the-twinkie-manifesto.html But folks on the right, feel free to appear ignorant by blaming (as always) the unions.
Reality Geezer November 19, 2012 at 02:44 PM
NO ding-dongs for you!! I like it, maybe the union employees can now find a job with a company that does not produce junk food for the now health conscious public........
salemvoter November 19, 2012 at 03:50 PM
Atlant- Did you post the correct link? There is northing in that article that even mentions wealthy investors stripping the assets at Hostess. Instead it talks about tax rates in the 50's and 60's. He doesn't tell you that in addition to tax rates being higher in the 50's and 60's, tax filers also had a larger range of deductions they could claim against the higher tax rates AND more people paid federal income taxes. instead of receiving a check in the form of the Earned Income Credit. As for Krugman, he talks about large houses and servants, check out the estate he lives on. The guy is a hypocrite.
salemvoter November 19, 2012 at 03:51 PM
Atlant, the wealthy investors in Hostess are Democrats. Its cute that you used the word "Bained". Are you trying to imply the investors are Republicans.
Mark November 20, 2012 at 07:12 AM
It would be such a nice world if the owners of businesses would decide to lower their income to that of their laborers. Just to keep their businesses going.
Mark November 20, 2012 at 07:16 AM
I find it quite humorous that there are some on here that blame Obama and Obamacare for the death of businesses. It is not a political issue.
Mark November 20, 2012 at 07:25 AM
Regulation within the insurance company field needs to happen. We know what happened with the deregulation of lending practices in the housing market. Plus, is not another competitive entity a good thing? Why be afraid? Let companies adapt for the better.
Jan Schmidt November 20, 2012 at 11:39 AM
No, it's about the death of American business because of men like Romney... “Wall Street investors first came onto the scene with Hostess about a decade ago, purchasing the company and then loading it with debt. All the while, its executives talked of investments in new equipment, new research and new delivery trucks, but those improvements never materialized,” explains AFL-CIO president Richard Trumka. “Instead, the executives planned to give themselves bonuses and demanded pay cuts and benefit cuts from the workers, who haven’t had a raise in eight years,” said the AFL-CIO head. “In 2011, Hostess earned profits of more than $2.5 billion but ended the year with a loss of $341 million as it struggled to pay the interest on $1 billion in debt. This year, the company sought bankruptcy protection, the second time in eight years. Still, the CEO who brought on the latest bankruptcy got a raise while Hostess demanded that its workers accept a 30 percent pay and benefits cut.” This is the new business model, and you've been lied to to help them to continue. you should be out there with torches and pitchforks after these men who lie and destroy... instead of blaming President Obama and calling for NH to leave the country...
salemvoter November 20, 2012 at 01:28 PM
LJoel- You are talking apples and oranges....state A is right work while state b reduces regulations on waste to compete with state a. Your argumnet is a non sequitur. Even if your argument remotely made sense, both states need to comply with the same federal regulations for waste disposal.
Hilltopper November 20, 2012 at 01:43 PM
Jan, Really? Richard Trumka? The man who claims the fiscal cliff is "manufactured"? Of course he NEVER "lies and destroys" Thanks for the chuckle
Super Fun Size November 20, 2012 at 01:48 PM
Hilltopper, Where do you think the fiscal cliff came from if not manufactured?
salemvoter November 20, 2012 at 03:26 PM
Jan, Richard Trumka. The man behind violent United Mine Worker strikes that resulted in the death of a non union crane operator. Next you will be quoting Al Sharpton.
salemvoter November 20, 2012 at 03:27 PM
Mike, we are the fiscal cliff becdause of the failure President Obama and the Democrat Senate to pass a budget in over 3 years.
LJoel Hackbart November 23, 2012 at 06:05 AM
Hey NF How are all those election predictions working out for you? If you have thoughts about taking your forecasting insight to Vegas to make your fortune, I just say- don't give up your day job!!!!!!!!!!!!!!!!! LOL LOL LOL LOl
LJoel Hackbart December 05, 2012 at 06:14 AM
SV What? Your reply makes no sense whatsoever.


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