Twinkies are back!! YEAH!! UNION FREE!!!!

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  • TheRifleman
    SBR Hall of Famer
    • 08-30-12
    • 7284

    #1
    Twinkies are back!! YEAH!! UNION FREE!!!!
    Twinkies are back! And they're.... UNION FREE!!!!

    that's healthier than SUGAR FREE!!!











    Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.

    The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15.


    Based on the outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return next month for Twinkies and other sugary treats, such as CupCakes and Donettes. The company says the cakes will taste the same but that the boxes will now bare the tag line "The Sweetest Comeback In The History Of Ever."

    "A lot of impostor products have come to the market while Hostess has been off the shelves," says Daren Metropoulos, a principal of the investment firm Metropoulos & Co., which teamed up with Apollo Global

    Management to buy a variety of Hostess snacks.

    Hostess Brands Inc. was struggling for years before it filed for Chapter 11 bankruptcy reorganization in early 2012.

    Workers blamed the troubles on years of mismanagement, as well as a failure of executives to invest in brands to keep up with changing tastes. The company said it was weighed down by higher pension and medical costs than its competitors, whose employees weren't unionized.


    To steer it through its bankruptcy reorganization, Hostess hired restructuring expert Greg Rayburn as its CEO. But Rayburn ultimately failed to reach a contract agreement with its second largest union. In November, he blamed striking workers for crippling the company's ability to maintain normal production and announced that Hostess would liquidate.

    The shuttering triggered a rush on Hostess snack cakes, with stores selling out of the most popular brands within hours.

    About 15,000 unionized workers lost their jobs in the aftermath.


    (how did that work out for you, union drones???) LOL!!

    In unwinding its business, Hostess sold off its brands in chunks to different buyers. Its major bread brands including Wonder were sold to Flowers Foods, which makes Tastykakes. McKee Foods, which makes Little Debbie snack cakes, snapped up Drake's Cake, which includes Devil Dogs and Yodels.

    Metropoulos & Co. and Apollo bought Twinkies and other Hostess cakes for $410 million.
    Apollo Global Management, founded by Leon Black, is known for buying troubled brands then selling them for a profit; its investments include fast-food chains Carl's Jr. and Hardee's. Metropoulos & Co., which has revamped then sold off brands including Chef Boyardee and Bumble Bee, also owns Pabst Brewing Co.
    That could mean some cross-promotional marketing is in store.


    "There is certainly a natural association with the two," Metropoulos said. "There could be some opportunities for them to seen together."

    The trimmed-down Hostess Brands LLC has a far less costly operating structure than the predecessor company.

    Some of the previous workers were hired back, but they're no longer unionized.

    Hostess will also now deliver to warehouses that supply retailers, rather than delivering directly to stores, said Rich Seban, the president of Hostess who previously served as chief operating officer. That will greatly expand its reach, letting it deliver to dollar stores and nearly all convenience stores in the U.S.
    Previously, he said Hostess was only able to reach about a third of the country's 150,000 convenience stores.

    Production was also consolidated, from 11 bakery plants to four — one each in Georgia, Kansas, Illinois and Indiana. The headquarters were moved from Texas to Kansas City, Mo., where Hostess was previously based and still had some accounting offices.


    In the months since they vanished from shelves, the cakes have been getting a few touchups as well. For the CupCakes, the company is now using dark cocoa instead of milk chocolate to give them a richer, darker appearance.


    Seban stressed that the changes were to improve the cakes, not to cut costs. Prices for the cakes will remain the same; a box of 10 Twinkies will cost $3.99.

    Looking ahead, Seban sees Hostess expanding its product lineup. He noted that Hostess cakes are known for three basic textures: the spongy cake, the creamy filling and the thicker icing. But he said different textures — such as crunchy — could be introduced, as well as different flavors.

    "We can have some fun with that mixture," he said.


    He also said there are many trendy health attributes the company could tap into, such as gluten-free, added fiber, low sugar and low sodium.


    During bankruptcy proceedings, Hostess had said that its overall sales had been declining, although the company didn't give a breakout on the performance of individual brands. But Seban is confident Twinkies will have staying power beyond its re-launch.

    As for the literal shelf-life, Seban is quick to refute the snack cake's fabled indestructibility.
    "Forty-five days — that's it," he said. "They don't last forever."
  • TheRifleman
    SBR Hall of Famer
    • 08-30-12
    • 7284

    #2
    Unions are by and large finished, going the way of the buggy whip industry.

    They have sent many formerly 'American Made' industries along with crushing regulations and the highest corporate taxes in the 1st world government universe FLEEING to friendlier business climes all over the globe. We have businesses heading north to socialist Canada to get some friggin' relief!

    Toyota kicks GM and Mopar's a$$es because they can build a Camry with quality metals, plastics and rubbers for about $20-25 less an hour.

    And why is California $190 B in the red? Union pensions and per capita Illinois is worse, much, MUCH worse. Hell just the top 100 Illinois school administrators alone will be owed approximately $887 million. An administrator named "Gary," he can retire if he wishes — he’s making $306,000. He'll end up making over $9.2 million during his retirement. How can you pay for this?
    "People in this country would do well to actually do some research before mouthing off about how evil unions are."

    So the 1st Amendment Rights of folks that see through the big union scams and schemes makes us 'mouthing off blowhards'? I thought you libs were 'pro-choice'? Oh that's only within the realm of slaughtering unborn Americans and dudes spoonin' with dudes? I see clearly now........

    "All government employees should realize that the process of collective bargaining, as usually understood, cannot be transplanted into the public service."~~ FDR 'King of American Socialism
    Comment
    • dante1
      BARRELED IN @ SBR!
      • 10-31-05
      • 38647

      #3
      here is one explanation for your stupidity, you eat shit. Guys and gals this is the guy that wrote that when training you can eat anything you want maybe some of you thought he didn't mean that. Hmmm, he loves twinkies rifle you are an idiot. When you get a chance check out partially hydrogenated fats and how they make you stupid. I am sure you grew up eating this shit, one explanation for your incredible stupidity. But, this is the US and rifle you can eat as much shit as you want it matches perfectly with your propensity to eat dick.

      This is what you get when you are uneducated you get a bunch, a large bunch of rifles.
      Comment
      • dante1
        BARRELED IN @ SBR!
        • 10-31-05
        • 38647

        #4
        Okay an entire day reading this nitwits posts, I am sick to my stomach. I learned nothing, nothing at all except I verified again what a moron this guy truly is. It truly is unbelievable, dumb as shit. Dumb as shit. Okay I need another sabbatical from this idiot.
        Comment
        • InTheDrink
          SBR Posting Legend
          • 11-23-09
          • 23983

          #5
          Originally posted by TheRifleman
          Twinkies are back! UNION FREE!!!!











          Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.

          The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15.


          Based on the outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return next month for Twinkies and other sugary treats, such as CupCakes and Donettes. The company says the cakes will taste the same but that the boxes will now bare the tag line "The Sweetest Comeback In The History Of Ever."

          "A lot of impostor products have come to the market while Hostess has been off the shelves," says Daren Metropoulos, a principal of the investment firm Metropoulos & Co., which teamed up with Apollo Global

          Management to buy a variety of Hostess snacks.

          Hostess Brands Inc. was struggling for years before it filed for Chapter 11 bankruptcy reorganization in early 2012.

          Workers blamed the troubles on years of mismanagement, as well as a failure of executives to invest in brands to keep up with changing tastes. The company said it was weighed down by higher pension and medical costs than its competitors, whose employees weren't unionized.


          To steer it through its bankruptcy reorganization, Hostess hired restructuring expert Greg Rayburn as its CEO. But Rayburn ultimately failed to reach a contract agreement with its second largest union. In November, he blamed striking workers for crippling the company's ability to maintain normal production and announced that Hostess would liquidate.

          The shuttering triggered a rush on Hostess snack cakes, with stores selling out of the most popular brands within hours.

          About 15,000 unionized workers lost their jobs in the aftermath.



          In unwinding its business, Hostess sold off its brands in chunks to different buyers. Its major bread brands including Wonder were sold to Flowers Foods, which makes Tastykakes. McKee Foods, which makes Little Debbie snack cakes, snapped up Drake's Cake, which includes Devil Dogs and Yodels.

          Metropoulos & Co. and Apollo bought Twinkies and other Hostess cakes for $410 million.
          Apollo Global Management, founded by Leon Black, is known for buying troubled brands then selling them for a profit; its investments include fast-food chains Carl's Jr. and Hardee's. Metropoulos & Co., which has revamped then sold off brands including Chef Boyardee and Bumble Bee, also owns Pabst Brewing Co.
          That could mean some cross-promotional marketing is in store.


          "There is certainly a natural association with the two," Metropoulos said. "There could be some opportunities for them to seen together."

          The trimmed-down Hostess Brands LLC has a far less costly operating structure than the predecessor company.

          Some of the previous workers were hired back, but they're no longer unionized.

          Hostess will also now deliver to warehouses that supply retailers, rather than delivering directly to stores, said Rich Seban, the president of Hostess who previously served as chief operating officer. That will greatly expand its reach, letting it deliver to dollar stores and nearly all convenience stores in the U.S.
          Previously, he said Hostess was only able to reach about a third of the country's 150,000 convenience stores.

          Production was also consolidated, from 11 bakery plants to four — one each in Georgia, Kansas, Illinois and Indiana. The headquarters were moved from Texas to Kansas City, Mo., where Hostess was previously based and still had some accounting offices.


          In the months since they vanished from shelves, the cakes have been getting a few touchups as well. For the CupCakes, the company is now using dark cocoa instead of milk chocolate to give them a richer, darker appearance.


          Seban stressed that the changes were to improve the cakes, not to cut costs. Prices for the cakes will remain the same; a box of 10 Twinkies will cost $3.99.

          Looking ahead, Seban sees Hostess expanding its product lineup. He noted that Hostess cakes are known for three basic textures: the spongy cake, the creamy filling and the thicker icing. But he said different textures — such as crunchy — could be introduced, as well as different flavors.

          "We can have some fun with that mixture," he said.


          He also said there are many trendy health attributes the company could tap into, such as gluten-free, added fiber, low sugar and low sodium.


          During bankruptcy proceedings, Hostess had said that its overall sales had been declining, although the company didn't give a breakout on the performance of individual brands. But Seban is confident Twinkies will have staying power beyond its re-launch.

          As for the literal shelf-life, Seban is quick to refute the snack cake's fabled indestructibility.
          "Forty-five days — that's it," he said. "They don't last forever."

          Comment
          • Mr KLC
            BARRELED IN @ SBR!
            • 12-19-07
            • 31097

            #6
            Good for Hostess. I'll be one of the first in line to buy a Twinkie. Unions did this to themselves. They drank too much of their own Kool-aid, and now have to be reeled back in.
            Comment
            • Smoke
              SBR Aristocracy
              • 10-09-09
              • 48111

              #7
              Twinkies are already out. They are called cloud cakes
              Comment
              • JMon
                SBR Hall of Famer
                • 12-11-09
                • 9800

                #8
                Another bite towards cancer....can't wait
                Comment
                • stevenash
                  Moderator
                  • 01-17-11
                  • 65752

                  #9
                  Originally posted by dante1
                  Okay an entire day reading this nitwits posts, I am sick to my stomach. I learned nothing, nothing at all except I verified again what a moron this guy truly is. It truly is unbelievable, dumb as shit. Dumb as shit. Okay I need another sabbatical from this idiot.
                  You can't fix stupid.
                  Comment
                  • billysink
                    Restricted User
                    • 03-29-09
                    • 5172

                    #10
                    If this empty headed fukk ever had a thought of his own he would fall flat on his fukkin grill. The sheer weight of having just one thought between his ears would be too much.

                    How the fukk can you live life when your only brain function is ctrl +c, ctrl + v.

                    Fukk cares.


                    Fukkin cockroaches sharper than this fukk.
                    Comment
                    • stevenash
                      Moderator
                      • 01-17-11
                      • 65752

                      #11
                      ^
                      OP not capable of original thought.
                      Comment
                      • Andy117
                        SBR Hall of Famer
                        • 02-07-10
                        • 9511

                        #12
                        I haven't eaten a Twinkie in probably 15 years and them being back on the shelves won't change anything.
                        Comment
                        • stevenash
                          Moderator
                          • 01-17-11
                          • 65752

                          #13
                          Originally posted by Andy117
                          I haven't eaten a Twinkie in probably 15 years and them being back on the shelves won't change anything.
                          Twinkies have a shelf life on a century
                          Comment
                          • Kermit
                            BARRELED IN @ SBR!
                            • 09-27-10
                            • 32555

                            #14
                            TastyKake was making something similar to Twinkies after Hostess went out of business.
                            Comment
                            • Andy117
                              SBR Hall of Famer
                              • 02-07-10
                              • 9511

                              #15
                              Originally posted by stevenash
                              Twinkies have a shelf life on a century
                              I don't consider that a good selling point.
                              Comment
                              • Aaron McCrevice
                                SBR Wise Guy
                                • 02-26-13
                                • 669

                                #16
                                looking forward to resuming my twinkie diet

                                I was beginning to lose weight


                                twinkies & beef





                                twinkies & pork






                                twinkies & lard





                                twinkies & pagans





                                time to bring smiles back to all the hostess girls of the world

                                Comment
                                • greenhippo
                                  SBR Hall of Famer
                                  • 02-15-12
                                  • 9091

                                  #17
                                  Hell fukkin yes I want some damn twinkies. I like their brand of donettes better than the others as well, that makes it even better.
                                  Comment
                                  • TheMoneyShot
                                    BARRELED IN @ SBR!
                                    • 02-14-07
                                    • 28672

                                    #18
                                    Who were the idiots that purchased 30 boxes of Perfect Twinkies for 8k on ebay? unreal.
                                    Comment
                                    • stevenash
                                      Moderator
                                      • 01-17-11
                                      • 65752

                                      #19
                                      Originally posted by Andy117
                                      I don't consider that a good selling point.
                                      I don't either, point I was trying to make, there are so many chemicals in there, it'll preserve forever.
                                      Comment
                                      • dante1
                                        BARRELED IN @ SBR!
                                        • 10-31-05
                                        • 38647

                                        #20
                                        Originally posted by stevenash
                                        I don't either, point I was trying to make, there are so many chemicals in there, it'll preserve forever.

                                        Chemicals and bad fats and just plain shit it is typical junk food and I am sure it tastes like shit too imo. A twinkie is one food that I have never consumed in my entire life. However I have tried similar type garbage and you need not eat all of them to realize what shit it is. If you must eat garbage and most of us do at least eat the least dangerous and something that has some taste and just a tiny bit of nutrients. I am not telling you what to eat you eat what you want I am simply telling you that this particular item is horrendous in more ways than one if you are thinking about eating healthy. Of course the genius rifle when discussing physical training said it is okay to eat anything because he hinted or said that "real" men eat everything, I think that includes dick too in his opinion.
                                        Comment
                                        • rkelly110
                                          BARRELED IN @ SBR!
                                          • 10-05-09
                                          • 39691

                                          #21
                                          Yep, without a union, those workers went from making $15 to $8 with no benefits and the cost to the consumer
                                          buying those products are probably up 30% with a sub par product. Let's all cheer for that.

                                          Fcking morons.
                                          Comment
                                          • dante1
                                            BARRELED IN @ SBR!
                                            • 10-31-05
                                            • 38647

                                            #22
                                            Originally posted by rkelly110
                                            Yep, without a union, those workers went from making $15 to $8 with no benefits and the cost to the consumer
                                            buying those products are probably up 30% with a sub par product. Let's all cheer for that.

                                            Fcking morons.

                                            Hey Mr K, long time hope you are well.

                                            Yes sir many of these people are thrilled that unions are declining. Most don't realize that since the decline of the unions which happened sometime in the 80's the standard of living and the real wages for almost all middle class workers has declined. This is true even though American productivity has increased almost steadily every year. The American middle class has shrunk, the American middle class often needs two bread winners today just to pay the bills. The extremely rich have become obscenely rich at the detriment of the middle class. I remember and I am sure you do to Mr K when one person usually the male worked and earned enough if he worked hard to support a family and get a part of the American dream. That is no longer the case and it seems to coincide exactly with the weakening of unions throughout the country.

                                            Most educated people realize that counter balancing power is the answer to most if not all political issues. Without strong labor management is free to dictate whatever terms they feel appropriate. This isn't rocket science, it is common sense. Any individual, corporation or any thing for that matter will take advantage of a situation when they have all the power. American worker has little recourse today and we get what we have.
                                            Comment
                                            • rkelly110
                                              BARRELED IN @ SBR!
                                              • 10-05-09
                                              • 39691

                                              #23
                                              Hope you are well also.

                                              Union haters are corporate c ock suckers. They bitch about govt intervention, but don't have a problem with
                                              the govt controlled by corporations. If they do, hypocrisy at it's finest.
                                              Comment
                                              • Turd Ferguson
                                                SBR Hall of Famer
                                                • 08-26-10
                                                • 7260

                                                #24
                                                Originally posted by Mr KLC
                                                Unions did this to themselves. They drank too much of their own Kool-aid, and now have to be reeled back in.
                                                Whoever told you that was lying to you.


                                                Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay

                                                Hostess company continues to screw over its workers.

                                                December 11, 2012 |

                                                Twinkie-maker Hostess continues to screw over its workers. The company is in the process of complete liquidation and 18,000 unionized workers are set to lose their jobs. More troubling – they could lose their pensions.

                                                According to a report by the Wall Street Journal, Hostess’ CEO, Gregory Rayburn, essentially admitted that his company stole employee pension money and put it toward CEO and senior executive pay (aka “operations”). While this isn't technically illegal, it's another sleazy theft by Hostess executives - who've paid themselves handsomely while running their company into the ground. Just last month, a judge agreed to let Hostess executives suck another $1.8 million out of the bankrupt company to pay bonuses to CEOs.

                                                If there's no way to recover the money for the Hostess pension plans for workers, then the Pension Benefit Guaranty Corp. will have to foot the bill to make sure workers get at least some of the retirement money they paid in.

                                                Hostess shows us clearly what Bain-style predatory capitalism is all about: big bucks for the very few rich executives, layoffs and poverty for the workers and their communities.

                                                And don’t mourn the loss of Hostess brands – they’ll be back, as the company is currently negotiating with over 100 potential buyers right now to bring Twinkies, Wonder Bread, and Ding Dongs back into the marketplace

                                                The Hostess story has nothing to do with unions, and everything to do with the Enron-ization and Bain-ization of the American economy.

                                                In classic Enron style, back in 2005 Hostess sent out a letter saying they’d just had a very, very profitable quarter. Their stock jumped up. The CEO, Charles Sullivan, and many of the senior executives sold chunks of their stock. The CEO and senior executives were making out big, and the workers were making a decent living.

                                                At that time, one of the hostess workers – Mike Hummel, blogging asbluebarnstormer over at Daily Kos – noted that he was making $48,000 a year, a bit over the US median household income, and had insurance and a pension.

                                                Then, a few weeks later in 2005, came the letter saying that, oops, all of that profit had really been just an accounting error – the company was actually in trouble. Although the CEO and the top guys had all made a nice killing selling the stock when it was high, and paying a maximum income tax on it of 15 percent because they used the Capital Gains loophole that Mitt Romney used to become a multimillionaire, they now wanted the workers to take a big pay cut.

                                                Hummel notes that the “oops” letter became the justification for asking the workers to take a pay cut, which they agreed to, and his pay dropped from $48,000 a year in 2005 to $38,000 a year last year. But every year, $3 an hour of his compensation showed up in the worker’s pension fund instead of his paycheck. Year after year. With 18,000-plus workers, it was millions and millions of dollars. Dollars that the workers had paid in, at the rate of $3 per hour.

                                                Then came the Bain-style takedown. In order to strip the company down to its individual brands and sell them off, piece by piece, the company needed to bust the union. The union said, “No,” so the company went to bankruptcy court – a method Bain and other vulture capitalists often use to kill off unions.

                                                In the meantime, the CEO and senior executives were paying themselves handsome salaries and big bonuses. And where was that money coming from?

                                                On August 12 of 2011, the employees got a letter that said that the company was going to “temporarily suspend payments” to its pension funds. That would be the $3 per hour that this worker had negotiated as part of his compensation – instead of paying it to him by putting it into his pension fund now, the company said they were going to put it in later.

                                                As the letter said, “I want to be clear that this temporary suspension of payments to the pension fund will not affect your pension benefits.”

                                                Workers believed management, and kept on working.

                                                But, it turned out, as we learned from that interview in today’s Wall Street Journal, that the senior management wasn’t just “borrowing” the pension funds – they were using them to fund ongoing operations. Including big paychecks to the fatcats.

                                                Hostess CEO Gregory Rayburn wanted to make it clear that he wasn’t around when that particular thing happened. "Whatever the circumstances were, whatever those decisions were, I wasn't there," Rayburn told the Wall Street Journal. After all, Rayburn isn’t a baker – he’s a bankster. He’s the owner of Kobi Partners, a company that tells corporations how to “restructure.” Think Mitt Romney. And he’s going to make out very well on all this – the bankruptcy court just okayed $1.8 million in Christmas bonuses for the new fatcats at Hostess.

                                                Ironically, if you borrow money to pay for your education, you can’t get rid of that debt through bankruptcy – one of the “reforms” of the bankruptcy law during the Bush era. But if you’re a CEO or a buyout bankster and you borrow money from your employees’ trust fund to be able to cover your own paycheck and million-dollar bonuses, and then take your company into bankruptcy, neither you nor the company have to pay those employees back even a single penny. Part of their pension is picked up by federally-run pension insurance, and the rest is just lost.

                                                There used to be a time in America when businesspeople had at least a modicum of ethics. Mostly it was because the majority of businesses were small- or medium-sized and locally owned, so the owners and managers had to look the employees in the eye. Or the unions were strong enough to keep the CEOs honest.

                                                Reagan put an end to all that when he stopped enforcing the Sherman Anti-Trust Act, wiping out most of America’s small and medium-sized businesses, and when he kicked off the modern war on unions by firing the PATCO union strikers. You can see the result most clearly at any shopping mall or any downtown in America. What used to be locally owned business are now big chains, from food to jewelry to clothing.

                                                It used to be that CEOs shared the pain. Lee Iacocca famously took a dollar a year as pay when he was working to turn around Chrysler. Steve Jobs did the same when Apple was in trouble. Pretty much everybody who’s ever started a small business knows what it’s like to make payroll for workers while taking little to nothing themselves during the early years of the company.

                                                But in today’s post-Reagan, Bain-model American capitalism, there’s never any risk for the CEO class. Instead, all the risk is borne by the workers.

                                                Karl Marx famously wrote that capitalism contains within itself the seeds of its own destruction. If true, the young, green shoots of that destruction may well be the corporate and billionaire excesses, ranging from the Hostess debacle to the billionaire oligarch Koch Brothers funding anti-union efforts by Rick Snyder and Republicans in Michigan.
                                                http://www.alternet.org/corporate-ac...-it?page=0%2C1
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