Just watch, this story will get more airtime today that the David Petraeus testimony before Congress. I hope the unions are proud they’ve now lost 18,000 jobs. Heckuva job, guys.
Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business, the Associated Press reported.
Hostess made the decision on Friday morning after failing to reach an agreement with striking workers.
Hostess bakeries in Illinois are located in Schiller Park, Hodgkins in the Chicago area and Peoria downstate, and the flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co. Twinkies were originally banana-flavored until banana rationing during World War II prompted the company to switch to vanilla cream.
Hostess, based in Irving, Texas, has already reached a contract agreement with its largest union, the International Brotherhood of Teamsters. But thousands of members in its second biggest union went on strike late last week after rejecting a contract offer that cut wages and benefits in September. Officials for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union say the company stopped contributing to workers’ pensions last year.
They don’t quite understand the economic reality these days, do they? But hey, at least this is a victory for the Food Nazis who always said this stuff was bad for you, so at least they have something to celebrate.