Sunday, November 18, 2012

Who Will Gain Financially From The Breakdown Of Hostess?

Who will gain financially from the break-down of        Hostess/Wonder bread? how many job's will be lost? and just what could this mean for the employee's of Hostess/Wonder Bread? 

This is a spin-off story from the Blog/Article written yesterday on this matter, as Wellsink, has gained further information and would now like for you to have knowledge of the matter at hand as well as it is a very serious matter and not to be taken lightly.

(Photo by Justin Sullivan/Getty Images)
IRVING, Texas (AP) — Hostess, the maker of Twinkies and Wonder Bread, plans to go out of business, lay off its 18,500 workers and sell its snack cake and bread brand. Apparently, this is not the first go round with Hostess/Wonder Bread being on the brink of almost losing this most iconic business in recent year's. Hostess suspended bakery operations at all its factories and said its stores will remain open for several days to sell already-baked products.
The company advised employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn’t return to normal levels by Thursday evening. The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.
“Many people have worked incredibly long and hard to keep this from happening, but now Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands,” CEO Gregory F. Rayburn said in a letter to employees posted on the company website.

Because Hostess has filed bankruptcy, there are very little resources being offered to the employee's and it it appears that the employee's just very well maybe shit out of luck! But how is that fair to the thousands of employee's who have stood their post and have been loyal employee's? According to Hostess, it means nothing and the only thing the employee's can look forward to is a thank you very much for the many year's that you have slaved for our company,but your services are no longer needed..Have a good life without a pension plan. and oh yes..f@%k you very much..
I first want to know, where is all the money from this Multi-Billion Dollar Company going? who will be the ones to profit from the demise of this company? and where is all this originating from. A business that has strived for many, many, many year's, is now, all of a sudden, going out of business??
This must be hard on the CEO's. Let's all just sit and wait to see what lie UN-folds in recent day's to come on why this legendary business has now gone under. Let's stay focused and remember that this is not just a Blog/Article about one measly company going out of business, however a very Iconic one and very UN-unexpectedly at that, not to mention all the families that will be affected due to the closing of Hostess.

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