What was your favorite Hostess snack

General Intelligent Discussion & One Thread About That Buttknuckle

Moderator: Andrew

What was your favorite Hostess snack

King Dongs
3
10%
Ho Ho's
6
21%
Fruit Pies
1
3%
Twinkies
1
3%
Suzy Q's
6
21%
Mini Muffins
0
No votes
Snowballs
3
10%
Cupcakes
5
17%
Donettes, Chocolate
3
10%
Donettes, Powerded
1
3%
I'm a Little Debbie Snacker
0
No votes
 
Total votes : 29

Postby Rick » Mon Nov 19, 2012 9:56 am

Fact Finder wrote:
Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.



And I'd drink it anytime, Coors or Yuengling? :wink:


Coors Light is my fave, but I'd buy you whatever you want, my friend.
I like to sit out on the front porch, where the birds can see me, eating a plate of scrambled eggs, just so they know what I'm capable of.
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Postby Andrew » Mon Nov 19, 2012 9:58 am

Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.


Thanks Rick old mate. We'll get that beer one day :)
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Postby Rick » Mon Nov 19, 2012 10:01 am

Andrew wrote:
Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.


Thanks Rick old mate. We'll get that beer one day :)


That's on my bucket list, Andrew.
I like to sit out on the front porch, where the birds can see me, eating a plate of scrambled eggs, just so they know what I'm capable of.
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Postby AR » Mon Nov 19, 2012 10:24 am

Andrew wrote:
Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.


Thanks Rick old mate. We'll get that beer one day :)


I owe you and Rick a beer as well. Perhaps MRFest III
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Postby Rick » Mon Nov 19, 2012 10:36 am

Fact Finder wrote:
AR wrote:
Fact Finder wrote:
Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.



And I'd drink it anytime, Coors or Yuengling? :wink:


Keystone Light

Same beer as Coors Light

$87 vs. $115 a keg

$14.99 vs. $21.99 a 30 pack



Shusssss, I'm trying to get Rick to buy me a non-union beer here. :lol:


Coors is non-union, but my favorite. Whatever you want. I drink Keystone Ice, when I want to get trashed. It has a much higher alcohol content. :lol: :lol: :lol:
I like to sit out on the front porch, where the birds can see me, eating a plate of scrambled eggs, just so they know what I'm capable of.
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Postby Rick » Mon Nov 19, 2012 10:41 am

AR wrote:
Andrew wrote:
Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.


Thanks Rick old mate. We'll get that beer one day :)


I owe you and Rick a beer as well. Perhaps MRFest III


That sounds great, bro. I owe you a few myself.
I like to sit out on the front porch, where the birds can see me, eating a plate of scrambled eggs, just so they know what I'm capable of.
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Postby Enigma869 » Mon Nov 19, 2012 1:18 pm

A dark day in the history of snack food :shock:




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Postby artist4perry » Mon Nov 19, 2012 1:59 pm

Enigma869 wrote:A dark day in the history of snack food :shock:




Image


Twinkies we hardly knew ye.............. :cry: :cry: :cry: :cry: :cry:
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Postby conversationpc » Mon Nov 19, 2012 11:37 pm

KING Dongs? How about Ding Dongs. :lol:
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Postby Rick » Tue Nov 20, 2012 1:15 am

Fact Finder wrote:
conversationpc wrote:KING Dongs? How about Ding Dongs. :lol:



That's what they used to be called, sort of...Dons, not Dongs, but I was close. :lol:


Image


I never knew that.
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Postby Liam » Tue Nov 20, 2012 1:23 am

I've already drank with Rick. Watching the Cowboys lose to FUCKING JACKSONVILLE. :lol:
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Postby The Sushi Hunter » Tue Nov 20, 2012 3:29 am

What are fat people going to eat for dinner now?

When I was a kid, all of them were my favorite. Haven't had any of them for over 30 years now though. I think I ate more of those fruit pies than any of the other items in the line of Hostess merchandise though.
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Postby Michigan Girl » Tue Nov 20, 2012 3:50 am

The Sushi Hunter wrote:What are fat people going to eat for dinner now?
When I was a kid, all of them were my favorite. Haven't had any of them for over 30 years now though. I think I ate more of those fruit pies than any of the other items in the line of Hostess merchandise though.

Ding Dongs ...I'm stocking up now!! I can eat
half a box of refrigerated dongs in one sitting ...fortunately it doesn't
happen often. Over three hundred calories in a single DONG... :shock:
I don't know how we stayed so thin, as a whole, back in the day.
I suppose it was all the exercise we got playing outside, climbing
trees and such.

I'm w/Moonie ...they were so much better back in the day when they were
individually wrapped in little tin foil squares. :wink:


Hostess Fruit Pies ...BLUEBERRY!!If I ever find them, I'll buy every single one ...YUM!!

Oh and Chocolate Donettes ...I'm going to miss those dry little devils!! Dolly Madison
and Little Debbie's are awful.

If they stop making Oreo's just shoot me.
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Postby Michigan Girl » Tue Nov 20, 2012 4:14 am

Archetype wrote:Image


Oh YUM!!! When these are freshly delivered and moist ...mmmmmmmmmmm!! :wink:
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Postby conversationpc » Tue Nov 20, 2012 4:16 am

Michigan Girl wrote:
Archetype wrote:Image


Oh YUM!!! When these are freshly delivered and moist ...mmmmmmmmmmm!! :wink:


Yum!!! My favorite also.
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Postby Enigma869 » Tue Nov 20, 2012 4:43 am

Michigan Girl wrote:Over three hundred calories in a single DONG... :shock:


Just when I was trying to convince my wife how "nutritious" it was for her :shock: :shock: :shock:
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Postby The Sushi Hunter » Tue Nov 20, 2012 5:47 am

Back in high school science class in the early 80's, our teacher was a physical fitness guru. In the beginning of the year, he taped up an unopened twinkie to the side of the black board and that's where it stayed for the entire year. Near the end of the school year, we examined it and it hadn't deteriorated hardly at all. The point he was trying to make is how many preservatives are in a twinkie and to question if it's good to be consumed.

With that in mind Michigan Girl, not to worry, Hostess products shall be available for years to come via ebay and craigslist.
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Postby Rick » Tue Nov 20, 2012 7:08 am

Fact Finder wrote:It' not dead yet Jim...



Judge Suggests Mediation to Save Hostess; Sides Agree to Talk.

Dow Jones is reporting that a bankruptcy judge is urging mediation to save Hostess from liquidation. WSJ will have more to come as it comes out of the courtroom.

Here’s an update from bankruptcy reporters Jacqueline Palank and Rachel Feintzeig

A bankruptcy judge Monday asked whether he should preside over mediation between Hostess Brands Inc. and its striking union to avoid pulling the plug on the baker of Ho Hos, Twinkies and Wonder Bread.




Long live the Twinkies and Ding Dongs... :lol:


It would be great if they could save it.
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Postby The Sushi Hunter » Tue Nov 20, 2012 7:32 am

Here's someone cooking a twinkie meal:

http://www.youtube.com/watch?v=NFgctTZ2XII

No worries.....he's got Obamacare.
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Postby Michigan Girl » Tue Nov 20, 2012 7:58 am

Enigma869 wrote:
Michigan Girl wrote:Over three hundred calories in a single DONG... :shock:


Just when I was trying to convince my wife how "nutritious" it was for her :shock: :shock: :shock:

:lol: :lol:
I have sooo many suggestions, but no, I can't ...it's a family cake!! :wink:



Sushi~I found them on Amazon as well. However, in light of the recent mediation suggestion to SAVE Hostess (thanks, FF), it may not be necessary (fingers crossed)!!
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Postby The Sushi Hunter » Tue Nov 20, 2012 8:00 am

Michigan Girl wrote:
Enigma869 wrote:
Michigan Girl wrote:Over three hundred calories in a single DONG... :shock:


Just when I was trying to convince my wife how "nutritious" it was for her :shock: :shock: :shock:

:lol: :lol:
I have sooo many suggestions, but no, I can't ...it's a family cake!! :wink:

Sushi~I found them on Amazon as well. In light of the recent mediation suggestion to SAVE Hostess (thanks, FF), it may not be necessary (fingers crossed)!!


I knew they'd be available on line somewhere.

Hey Enigma869, just give her the protein slurpee.

I just did a twinkie search on ebay and can't believe all the boxes for sale with multiple bids on all of them.
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Postby JRNYMAN » Tue Nov 20, 2012 1:59 pm

AR wrote:
Fact Finder wrote:
Rick wrote:
artist4perry wrote:
Rick wrote:
Enigma869 wrote:
Rick wrote:
I think King Dongs was a reference to a group sex scene in a porn.


I fixed it for you :shock: :shock: :shock:


:lol: :lol: :lol:


You guys crack me up. :lol: :lol: :lol: :lol:


I can't thank Andrew enough for creating this board. I don't know when or where I've had more fun, got in contact with better people, cried for the lost and discussed topics with such a wide variety of different mindsets. We don't get mad at people that don't agree with us, not for long anyway, like me and FF, at times. I think of him as a friend and would buy him a beer any time. That's when you know you have a family. When all the bullshit doesn't matter as much as the relationships.



And I'd drink it anytime, Coors or Yuengling? :wink:


Keystone Light

Same beer as Coors Light

$87 vs. $115 a keg

$14.99 vs. $21.99 a 30 pack
Love the optimistic thinking by listing the keg price first!! :lol: :lol:

And regarding buying them online... I think these people who are listing the Twinkies on ebay, etc. are a bit too optimistic. One listing on Craig's List has 3 boxes for $1,000.00! If that sells for that price, I will officially have lost faith in humanity! :twisted: :lol: :lol:
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Postby The Sushi Hunter » Wed Nov 21, 2012 2:41 am

Those high prices on ebay for twinkies are probably just a joke, one guy puts up his twinkie auction and his friends fuck around and put bids on it, they all know their all in on it for shits and giggles just fucking around on ebay. No one in their right mind is going to buy twinkies on ebay. Well maybe desperate fuckers like Rosie O who've been raised from a piglet eating shit like that and knows nothing else, but that's about all.
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Postby Rick » Wed Nov 21, 2012 10:51 am

This is a post I read, posted by a coworker on Facebook from a page on there called Being Union.

------------------------------

Wonder Bread runs deep in my family. I started at Interstate Bakeries in 1999 in Waterloo, Ia after the birth of my first daughter. I asked my father in law who to talk to for an interview. He had spent his entire adult life there, eventually retiring in 2007. His father drew retirement from the very same bakery. My wife and her sisters experienced a truly middle class Midwestern upbringing, complete with a safe home environment, college educations, and health insurance. He went to work everyday knowing he would be able to retire and draw his pension. He was even able to pass the job down to his son in law.

I love Wonder Bread. It has supported our family financially and medically for the last 14 years. When my wife wanted to attend graduate school we found a university near a bakery and moved to Lawrence, KS, home of the greatest basketball team in the history of ever. I will miss the overwhelming smell of baking bread and the friendships I built at both bakeries. Including with engineers, truck drivers, supervisors and managers who have also lost their jobs.

Many of them likely blame the Bakers Union, me. Most understand that this was inevitable. There has been no confidence in the leadership of this company at any level of any department for years. We have watched 6 CEO's come and go since 2002 and all of them left the company worse than when they took over. All of them got paid, not just the salaries they agreed to, but bonuses and increases all along the way. Including the current joker, who announced he was leaving with less than a year on the job, before he even submitted this last contract offer to us.

When I received my first paycheck from then Interstate Bakeries in 1999 it had a memo stapled to it. The memo announced that Wonder had just had the most productive quarter in baking history. It stated that the health of the company and brand had never been better. The break room was buzzing with excitement because our contract was soon to be up for renegotiation and this would surely mean smooth sailing. A few weeks later we got the 'oops' letter. Turns out it was all an 'accounting' error and the company was failing miserably.

Conveniently though, CEO Charles Sullivan and the board managed to sell their stock before word got out about the bad news. No jail time of course. In fact, Sullivan was brought back as a consultant after his resignation. Enron happened a few years later and at the bakery we were amazed how much attention they got compared to us.

The company of course used it's 'oops' letter to justify asking for concessions from the Union. We gave nothing and gained nothing that year after a 45 minute strike. The status quo continued and I proudly joined the middle class for the first time in my life. I made $14 an hour and had insurance. I even went on vacations for the first time. I had great pride in my job, and the products. We bought a new car for the first and only time in my life. In 2003 I transferred to the Lenexa, KS bakery.

In 2005 it was another contract year and this time there was no way out of concessions. The Union negotiated a deal that would save the company $150 million a year in labor. It was a tough internal battle to get people to vote for it. We turned it down twice. Finally the Union told us it was in our best interest and something had to give. So many of us, including myself, changed our votes and took the offer. Remember that next time you see CEO Rayburn on tv stating that we haven't sacrificed for this company. The company then emerged from bankruptcy. In 2005 before concessions I made $48,000, last year I made $34,000. My pay changed dramatically but at least I was still contributing to my self-funded pension.

In July of 2011 we received a letter from the company. It said that the $3+ per hour that we as a Union contribute to the pension was going to be 'borrowed' by the company until they could be profitable again. Then they would pay it all back. The Union was notified of this the same time and method as the individual members. No contact from the company to the Union on a national level.

This money will never be paid back. The company filed for bankruptcy and the judge ruled that the $3+ per hour was a debt the company couldn't repay. The Union continued to work despite this theft of our self-funded pension contributions for over a year. I consider this money stolen. No other word in the English language describes what they have done to this money.

After securing our hourly cash from the bankruptcy judge they set out on getting approval to force a new contract on us. They had already refused to negotiate outside of court. They received approval from the judge to impose the contract then turned it over to the Union for a vote. You read that right, they got it approved by the judge before ever showing to the Union.

What was this last/best/final offer? You'd never know by watching the main stream media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.

Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.

I keep hearing how this strike forced them to liquidate. How we should just take it and be glad to have a job. What an unpatriotic view point. The reason these jobs provided me with a middle class opportunity is because people like my father in law and his father fought for my Union rights. I received that pay and those benefits because previous Union members fought for them. I won't sell them, or my coworkers, out.

We may have forced the companies hand but they were going to smack us with it anyway.
I like to sit out on the front porch, where the birds can see me, eating a plate of scrambled eggs, just so they know what I'm capable of.
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Postby JRNYMAN » Wed Nov 21, 2012 11:12 am

Rick wrote:This is a post I read, posted by a coworker on Facebook from a page on there called Being Union.

------------------------------

Wonder Bread runs deep in my family. I started at Interstate Bakeries in 1999 in Waterloo, Ia after the birth of my first daughter. I asked my father in law who to talk to for an interview. He had spent his entire adult life there, eventually retiring in 2007. His father drew retirement from the very same bakery. My wife and her sisters experienced a truly middle class Midwestern upbringing, complete with a safe home environment, college educations, and health insurance. He went to work everyday knowing he would be able to retire and draw his pension. He was even able to pass the job down to his son in law.

I love Wonder Bread. It has supported our family financially and medically for the last 14 years. When my wife wanted to attend graduate school we found a university near a bakery and moved to Lawrence, KS, home of the greatest basketball team in the history of ever. I will miss the overwhelming smell of baking bread and the friendships I built at both bakeries. Including with engineers, truck drivers, supervisors and managers who have also lost their jobs.

Many of them likely blame the Bakers Union, me. Most understand that this was inevitable. There has been no confidence in the leadership of this company at any level of any department for years. We have watched 6 CEO's come and go since 2002 and all of them left the company worse than when they took over. All of them got paid, not just the salaries they agreed to, but bonuses and increases all along the way. Including the current joker, who announced he was leaving with less than a year on the job, before he even submitted this last contract offer to us.

When I received my first paycheck from then Interstate Bakeries in 1999 it had a memo stapled to it. The memo announced that Wonder had just had the most productive quarter in baking history. It stated that the health of the company and brand had never been better. The break room was buzzing with excitement because our contract was soon to be up for renegotiation and this would surely mean smooth sailing. A few weeks later we got the 'oops' letter. Turns out it was all an 'accounting' error and the company was failing miserably.

Conveniently though, CEO Charles Sullivan and the board managed to sell their stock before word got out about the bad news. No jail time of course. In fact, Sullivan was brought back as a consultant after his resignation. Enron happened a few years later and at the bakery we were amazed how much attention they got compared to us.

The company of course used it's 'oops' letter to justify asking for concessions from the Union. We gave nothing and gained nothing that year after a 45 minute strike. The status quo continued and I proudly joined the middle class for the first time in my life. I made $14 an hour and had insurance. I even went on vacations for the first time. I had great pride in my job, and the products. We bought a new car for the first and only time in my life. In 2003 I transferred to the Lenexa, KS bakery.

In 2005 it was another contract year and this time there was no way out of concessions. The Union negotiated a deal that would save the company $150 million a year in labor. It was a tough internal battle to get people to vote for it. We turned it down twice. Finally the Union told us it was in our best interest and something had to give. So many of us, including myself, changed our votes and took the offer. Remember that next time you see CEO Rayburn on tv stating that we haven't sacrificed for this company. The company then emerged from bankruptcy. In 2005 before concessions I made $48,000, last year I made $34,000. My pay changed dramatically but at least I was still contributing to my self-funded pension.

In July of 2011 we received a letter from the company. It said that the $3+ per hour that we as a Union contribute to the pension was going to be 'borrowed' by the company until they could be profitable again. Then they would pay it all back. The Union was notified of this the same time and method as the individual members. No contact from the company to the Union on a national level.

This money will never be paid back. The company filed for bankruptcy and the judge ruled that the $3+ per hour was a debt the company couldn't repay. The Union continued to work despite this theft of our self-funded pension contributions for over a year. I consider this money stolen. No other word in the English language describes what they have done to this money.

After securing our hourly cash from the bankruptcy judge they set out on getting approval to force a new contract on us. They had already refused to negotiate outside of court. They received approval from the judge to impose the contract then turned it over to the Union for a vote. You read that right, they got it approved by the judge before ever showing to the Union.

What was this last/best/final offer? You'd never know by watching the main stream media tell the story. So here you go...
1) 8% hourly pay cut in year 1 with additional cuts totaling 27% over 5 years. Currently, I make $16.12 an hour at TOP rate of pay in the bakery. I would drop to $11.26 in 5 years.
2) They get to keep our $3+ an hour forever.
3) Doubling of weekly insurance premium.
4) Lowering of overall quality of insurance plan.
5) TOTAL withdrawal from ALL pensions. If you don't have it now then you never will.

Remember how I said I made $48,000 in 2005 and $34,000 last year? I would make $25,000 in 5 years if I took their offer.
It will be hard to replace the job I had, but it will be easy to replace the job they were trying to give me.
That $3+ per hour they steal totaled $50 million last year that they never paid us. They sold $2.5 BILLION in product last year. If they can't make this profitable without stealing my money then good riddance.

I keep hearing how this strike forced them to liquidate. How we should just take it and be glad to have a job. What an unpatriotic view point. The reason these jobs provided me with a middle class opportunity is because people like my father in law and his father fought for my Union rights. I received that pay and those benefits because previous Union members fought for them. I won't sell them, or my coworkers, out.

We may have forced the companies hand but they were going to smack us with it anyway.
Thanks for posting this Rick. It gives a much clearer view into just what the deal was at Hostess. Very insightful.
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Postby Rick » Wed Nov 21, 2012 11:14 am

JRNYMAN wrote:Thanks for posting this Rick. It gives a much clearer view into just what the deal was at Hostess. Very insightful.


Yes. It gives you the perspective of the worker. Hostess wasn't the only one hurting in this situation.
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Postby Memorex » Wed Nov 21, 2012 11:39 am

I agree all parties suffered, and it sucks what is happening. That said, I work in the bankruptcy field and my company specifically has Interstate Bakeries as a client (including the first go around).

A couple points I will make. That $48k a year the guy talks about of course costs the company a lot more. You have to back up for a moment and ask is that job worth those dollars in today's market. That's what happened to me. My employer looked around and said our salaries were great a few years ago, now we are simply overpaid. Boom. Pay-cut. You also have to look at what forced this company into bankruptcy in the first place? Bloat, bad management, the market, all of the above. These executives, while yes - greedy - are not interested in failing businesses. And if there was fraud behind the scenes, someone ought to go to jail but it doesn't change the fact that the company was faltering like so many others. You can throw around a $2.5 billion number all day long, but that's a meaningless number as it is not profit. I worked on the Owens Corning bankruptcy at a time when they were a $7 billion company.

So all I can do is ask that guy, how much did the union contribute to the issue? How much more were their costs than they would have been without a union? One thing that is repeating itself time and time again in this country is that unions are voting themselves out of jobs. Companies cannot sustain the costs right now.

I know of a company that just voted to dissolve their union, take adjustments, etc and now that place is doing well. With my paycut, I am hoping that a little skin in the game now brings me a continued paycheck, which is more than I would get from unemployment.

Consider this. A 10% cut means it would take you ten years to lose a year's salary. But many people are out of work now for more than a year.

I'll also have to look at his numbers because what I read was the opposite. That they take 8% now and gain 3% back next year.
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Postby Rick » Wed Nov 21, 2012 12:08 pm

Memorex wrote:I agree all parties suffered, and it sucks what is happening. That said, I work in the bankruptcy field and my company specifically has Interstate Bakeries as a client (including the first go around).

A couple points I will make. That $48k a year the guy talks about of course costs the company a lot more. You have to back up for a moment and ask is that job worth those dollars in today's market. That's what happened to me. My employer looked around and said our salaries were great a few years ago, now we are simply overpaid. Boom. Pay-cut. You also have to look at what forced this company into bankruptcy in the first place? Bloat, bad management, the market, all of the above. These executives, while yes - greedy - are not interested in failing businesses. And if there was fraud behind the scenes, someone ought to go to jail but it doesn't change the fact that the company was faltering like so many others. You can throw around a $2.5 billion number all day long, but that's a meaningless number as it is not profit. I worked on the Owens Corning bankruptcy at a time when they were a $7 billion company.

So all I can do is ask that guy, how much did the union contribute to the issue? How much more were their costs than they would have been without a union? One thing that is repeating itself time and time again in this country is that unions are voting themselves out of jobs. Companies cannot sustain the costs right now.

I know of a company that just voted to dissolve their union, take adjustments, etc and now that place is doing well. With my paycut, I am hoping that a little skin in the game now brings me a continued paycheck, which is more than I would get from unemployment.

Consider this. A 10% cut means it would take you ten years to lose a year's salary. But many people are out of work now for more than a year.

I'll also have to look at his numbers because what I read was the opposite. That they take 8% now and gain 3% back next year.


Very good information, Memorex.

People should also understand that when you see someone making $48,000 a year, first, that's less than the median income in this country. And secondly, of course, you also have to subtract taxes, monthly deductions for medical contributions, add to that, copays and deductibles for medical, and that guy isn't nearly making $48,000. I understand it costs companies money beyond the $48,000, but that isn't translated to the workers paycheck, and by all means, is the cost of doing business. Plus, these particular workers were giving part of their own salary to monetize their retirement funds. And I think it's horrible what happened to that money. With all of that said, Hostess was in a financial crunch with waning sales due to health conscious consumers making better life choices where their diet is concerned. The top brass were taking huge pay raises, all the while asking their employees for tough, life changing concessions. Everything considered, it was a recipe for disaster.

Hopefully this judge, encouraging them to go to mediation, can save Hostess, but I am not real sure it's going to be effective. Those are some angry employees.
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Postby majik » Wed Nov 21, 2012 4:09 pm

Five thousand of the Bakers Union held the other 13,000 over a barrel. Do you know that because of Union "rules" that Hostess couldn't even put Twinkies, Ding Dongs etc.. on the same truck as Wonder Bread for transport? How fucked up is that? As for the Executives, I see it as they took a 99.9% pay cut from whatever they made down to a $1 per year until bankruptcy was over. They asked the Bakers to take an 8% cut this year followed by 4% raises over the next few years. A $50,000 a year baker would have lost $4,000 down to $46,000 per year, now that baker is going on the dole for you and me to prop up.[/quote]


No baker earns $50,000 per year. I know of cleaners who earn more than bakers, wtf.
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Postby The Sushi Hunter » Thu Nov 22, 2012 2:12 am

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