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Omaha Steve

(108,784 posts)

7. The workers were asked to give up over 30% of their compensation THIS TIME!

Reply to Igel (Reply #6)

Mon Dec 31, 2012, 08:26 PM

Dec 2012

They had a give back four years ago that was supposed to be used for new machinery etc. Instead a stock bonus dividend was declared and pay raises for upper management. The company took $ the workers paid for their retirement plan for the last year and gave that to... wait for it...management.

Perhaps you think they should have taken minimum wage and be glad they had a job that would have made them dependent on public programs???

OS

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Highlight:

Twinkie maker Hostess started contingency planning for liquidation months before strike [View all] Omaha Steve Dec 2012 OP

This was all set in motion 10 years ago thelordofhell Dec 2012 #1

Sounds like Bain Capitol. PatrynXX Dec 2012 #3

"Contingency." Igel Dec 2012 #6

The workers were asked to give up over 30% of their compensation THIS TIME! Omaha Steve Dec 2012 #7

Hostess & Wonder have been in and out of bankruptcy Sherman A1 Dec 2012 #2

Hostess baked a lot of junk food. JDPriestly Dec 2012 #4

So you are telling me the management lied!? Arctic Dave Dec 2012 #5