Hostess; manufacturer of Twinkie, Ding Dongs, Cupcakes and Snowballs is closing down and liquidating their assets to the highest bidder. The cause of this monstrosity is a union strike by the Bakery, Confectionery, Tobacco Workers and Grain Miller International Union. It was the strike that halted the companies production allowing the already sinking company to capsize.
The BCTGM's decision to reject Hostess's final offer designed to lower costs so that the company could stay profitable ultimately lead to the decision to claim bankruptcy.
Hostess plans to lay off nearly 18,500 employees, shut down 33 bakeries, 565 distribution centers, 5,500 delivery routes and 570 bakery outlet stores throughout the United States.
Read more on this below:
Washington Post: "Spare the Twinkie, Hostess"
Hostess Brands: "Hostess Brand Is Closed"
Showing posts with label News. Show all posts
Showing posts with label News. Show all posts
Poorest President in the World
Jose Mujica, the President of Uruguay is considered one of the poorest presidents in the world. He lives on a small farm, owned by his wife with 2 police officers as guards and his 3-legged dog. He gives almost 90% back to the country helping feed the poor. Read The Full Article Here.
Pilots Die In Ironic Plane Crash
Early this morning 3 pilots who were flying together on their way to a federal safety conference crashed into a home in Jackson, Mississippi killing the 3 pilots, and injuring at least one other. It is still unknown if anyone else was in the home or injured by the crash. The single engine Piper PA-32 began to sputter and spit shortly after taking off. The pilots asked to return to the airport briefly after taking off, but didn't make it back. You can read the developing story here.
Jacksonville Police Officer Shoots At Man
Just after 2:00AM this morning, police were called to investigate a suspicious car said to be repeatedly driving by a home. When the police arrived they were greeted with a man wielding a handgun in the front yard. Instead of dropping his handgun when the police officers told him to drop it, he turned towards them leading to one of the officers shooting at him twice, missing both shots. The man dropped to the ground and was arrested without any injuries. What's interesting is that the man with the handgun wasn't the man in the car. The home owner apparently called him for protection. You can read the full article here.
Subscribe to:
Posts (Atom)
