From porn to snack cakes, you’re never going to go wrong by buying a product claiming to be cream filled. That’s why I’m pissed to learn that Hostess Brands, Inc., the maker of Twinkies, is facing liquidation because the Teamsters and baker’s unions don’t want to relinquish any of the commitments they’ve been able to extort from the company over the years.
Hostess is drowning in debt because their low-skilled employees unionized, and they used their collective ability to shut down the company to extract concessions that have the company once again in bankruptcy. Hostess currently has obligations to pay the baker’s union pension fund nearly $2 billion, and that’s on top of what they pay for healthcare, and all of the other money it takes to actually run the business.
Hostess has outlined a plan to stay afloat, and it includes reducing employees’ rich benefits packages, but these goddamned pinko Wobblies have vowed that even if it’s approved in court, they will strike. The fact that a strike will fully doom the company and cause its units to be sold doesn’t really seem to matter to them, which surprises me. As parasites, you’d think they would have enough sense not to kill their host.
It never ceases to amaze me that easily replaceable people who have jobs a monkey could do are allowed to form a union and use that leverage to blackmail companies into giving them what they want. If you tried that on the street, you’d be charged with a crime.
I guess the only thing that’s really surprising here is the government didn’t decide to reward these unionized thieves by deeming Hostess too big to fail and shifting their pension costs to taxpayers. Then again, there’s still time.