http://money.cnn.com/2012/11/16/news/economy/hostess-jobs/
Hostess Brands was in bankruptcy. The bakers union decided to strike. The owners shut the company down and liquidate. 18,000 people are out of work. Wow.........
First off: I would like to congratulate the management team for this very difficult decision.
Second off: Once again Unions are driving nails into the coffin. Striking a company that is in bankruptcy is just about a dumb as juggling a lite chainsaw while jumping on a pogo stick.
Third off, Who is going to swoop in and buy the assets and the brand?
Recently there was a strike by a local grocery store called Raley's. I hated shopping at Raley's before the strike because of the slow cashiers and the high prices. During the strike, which lasted about 2 weeks, we only shopped there. Now that the strike is over, we will go back to shopping at Walmart.
If I could point at the 2 most destructive forces on our economy, I would say unions and municipal pensions.
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