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Bandit

(21,475 posts)

8. That is not going to happen

Reply to Raine (Reply #7)

Mon Nov 19, 2012, 07:24 PM

Nov 2012

The workers are going to have to take a substantial hit...AGAIN... They already went through this a few years ago and the workers gave up a lot.. that is why they were not about to do the same thing all over. Large bonuses were paid to executives and pay increases as well while the workers took reductions in pay and benefits...I feel the same thing is going to happen again.. As soon as the Judge said he wouldn't allow them to go into Chapter 11 but chapter 7 instead so they couldn't hand out bonuses, they decided they would try and work with the Unions... They could do better IMO.

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Breaking: Hostess, unions agree to mediation [View all] trailmonkee Nov 2012 OP

Hopefully they will be able to resolve it democrattotheend Nov 2012 #1

If they make it back sales will be through the roof Kingofalldems Nov 2012 #2

I hope this works for the worker's sake. 2pooped2pop Nov 2012 #3

hurray MFM008 Nov 2012 #4

well, things are looking up quinnox Nov 2012 #5

Geez.....I thought it was a done deal...and the pensions were in the hands Gin Nov 2012 #6

Hopefully they can reach an agreement that doesn't screw the workers. nt Raine Nov 2012 #7

That is not going to happen Bandit Nov 2012 #8

Appears they were afraid they'd be converted to Ch. 7 DirkGently Nov 2012 #9