Rayne's World
Let's Not Be Ding Dongs About This
I wasn't planning on writing about unions this week. It really isn't one of my most passionate topics. But with the recent news of the Hostess liquidation – it is difficult to ignore what is in the front of my mind.
On Friday, the hedge funds supporting Hostess announced that they will start liquidating the company and that nearly 19,000 people will be losing their jobs. The decision came after a one-week strike by the Bakery Workers Union. More than 90 percent of the workers voted to strike even after the threat of a permanent closing. It is possible they knew the closure was inevitable and went on strike anyway to help save the contracts affecting employees at other bakeries. There are a lot of fingers pointing at the union. However, it should be noted that this company was trapped in a crème-filled mudslide for a decade. Hostess has faced two bankruptcies under six CEOs in 10 years. They were already planning to close nine plants regardless of the …
In this Article:

Brian Dey
12:18 pm on Monday, November 19, 2012
I didn't say it was right. I did say it was fair. What CU did was give the same rights to corporations as it had long given unions. So by definition, it made it fair because while both should be working together, they lobby for very different outcomes. Because unions usually put 90 or more percent of their campaign donations on attack ads for Democrats, left unchecked, that provided an unfair …   more ›