if you ran hostess what would you do?

[Raine1967]

64. They weren't losing anything...

They were giving it to the top:

BCTGM members voted to strike Hostess after the company imposed cuts that included ending payments to the employees’ pension plan while executives awarded themselves massive bonuses. Among the raises was a 300 percent raise (from approximately $750,000 to $2,550,000) for the then-CEO of Hostess. At least nine other top executives of the company also received massive pay raises, including one who received a pay increase from $500,000 to $900,000 and another received one that brought his salary from $375,000 to $656,256.

Vulture Capitalism did this -- They should damn well not be blaming the workers.

Even Hostess at their website said they are protecting their *estate*

The Board of Directors authorized the wind down of Hostess Brands to preserve and maximize the value of the estate

Why did they strike? http://www.hedgeco.net/news/11/2012/hedge-fund-owned-hostess-to-liquidate.html

The nationwide strike began on Nov. 9, when the company cut workers’ wages by 8% and benefits by 27 to 32%.

and this was after they made a concession back in September http://money.cnn.com/2012/11/14/news/companies/hostess-liquidation-thursday/

In September, one of its major unions, the International Brotherhood of Teamsters, voted narrowly to accept a new contract with reduced wages and benefits. The bakers' union rejected the deal, however, prompting Hostess management to secure permission from a bankruptcy court to force the new contract on workers. {snip}

The new contract cuts salaries across the company by 8% in the first year of the five-year agreement. Salaries then bump up 3% in the next three years and 1% in the final year.

(edited to add links)