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by bsder
2122 days ago
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> Hostess famously failed due to the Bakers Union stalling wage talks Except that Hostess had a bunch of debt loaded up from financial "engineering", and Hostess had already asked for and been granted concessions several times. At some point, you're better off forcing the company into bankruptcy and rolling the dice--especially if the owners are bleeding it of cash via financial arrangements. It's going to be dead anyway; the only question is whether the owners also get to bleed the retirement fund, for example. If Hostess can't employ those people after bankruptcy and reorganization, then those jobs were certainly dead, anyway. |
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