Hostess Essay - 889 Words

The Fate of the Hostess Twinkie Hostess Brands, manufacturer of the iconic Twinkie, is in a bit of a predicament. The company filed for Chapter 11 bankruptcy in 2004, emerging in 2009, after rounds of restructuring and concessions taken by union and non-union employees (Flahardy, 2012). In the face of the recent recession and increasing commodities pricing, the company has yet again filed for bankruptcy protection (By Spector, 2012). In addition, the company has been engaged in collective bargaining with its two major unions, the Teamsters Union and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), hoping for more concessions from employees to help it survive. Combined, these unions represent†¦show more content†¦The company states that things must change. Also holding the company back are obligations with pension plans. The company currently owes the Bakery Confectionary Union Industry International Pension Fund some $944 million dollars (Flahardy, 2012). Add to this the $102 million annually that Hostess pays toward multi- employer pension plans and the company says it is tapped. These plans were designed to help employers in the industry share the costs, but as more and more companies are struggling, contributions have waned. This has put strain on those that are still making their payments (By Spector, 2012). The Union Perspective Union leaders say that the company has failed to innovate and has pursued business strategies that have failed again and again (By Spector, 2012). They state the company neglected to invest in product development and upgrades to manufacturing equipment so they wonder what makes this time any different than the last bankruptcy (Flahardy, 2012). The union has already seen concessions of $110 million annually (Feintzeig, 2012). They have also seen retirement ages increased from 57 to 65 (By Spector, 2012). From there perspective, millions of dollars have been given in bonuses to managers and supervisors while they are being asked to cut just to save their jobs. Conclusion Obviously the situation between the Hostess and its unionsShow MoreRelatedSwot Analysis Of Hostess1809 Words   |  8 Pagesand vision of Hostess is all about the growth of the company due to their most recent bankruptcy. In November 2012, Hostess filed bankruptcy due to a strike by the lab or unions. However, that was only after one week of the strike, Hostess had an immense amount of debt due to mismanaged cost-cutting and operations. Hostess is currently run by leaders from companies such as; Ghirardelli, Nabisco, and Hershey. With the new members of a relaunching company they can reinvent how Hostess is going to moveRead MoreEthical And Legal Environment Of Organizations1308 Words   |  6 Pages Hostess Brand Falls Flat Cristy Lawler Bethel University MOD 450: Ethical Legal Environment of Organizations Dr. Dorothy Black December 29, 2016 â€Æ' Abstract For over 70 years Hostess had been a staple on shelves everywhere. Then in the 80’s the company hit very hard financial troubles. In an effort to save the company it made hasty negotiations, took hefty loans for two major leaders, and then tried to quick fix the problem. All the while not holding up to their end of the bargains theyRead MoreMy Job As A Hostess921 Words   |  4 PagesMy roommate always complained about her summer job as a hostess, she would say how she couldn’t believe how many hours she worked for so little pay and that she couldn’t wait to graduate and go into a job she actually liked and make a decent salary. 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I took my G.E.D. tests in May of 2005, and earned an Honors G.E.D. I continued to work for Applebee’s and in this position I was able to excel. I quickly was training other employees, and receiving excellent reviews on evaluations and inspectionsRead MoreOlive Garden Case Analysis Essay957 Words   |  4 Pagesexpecting to be greeted with a friendly smile and great customer service. This was not the case. Instead, Mr. Wallace was not greeted by any host/hostess, but instead an empty station. After waiting about ten minutes, he went to the bar to find someone to seat him and his family. Only then did a hostess take them to their table and appeared to be annoyed. The hostess tried to seat them in a section that was not possible for Mr. Wallace’s father to get to easily since he is handicapped. After a short conversationRead MoreFemale Characters In Beowulf890 Words   |  4 PagesWealhtheow and Hygd, Hildeburh and Freawaru, Thyrth and Grendel’s mother, the women play various roles and reinforce the limits of female autonomy differently. The women can be categorized in to three separate groups, women as peaceweaver’s, women as hostess and women as monsters. The women who are classed as peaceweaver’s are princess Hildeburh and Freawaru, these women are known as peaceweavers as they were married off to the enemy in order to keep peace among the rivals, these marriages were forcedRead More The Role of Women in Homers The Odyssey Essay695 Words   |  3 PagesThe Role of Women in Homers The Odyssey Women form an important part of the folk epic, written by Homer, The Odyssey. Within the story there are three basic types of women: the goddess, the seductress, and the good hostess/wife. Each role adds a different element and is essential to the telling of the story. The role of the goddess is one of a supernatural being, but more importantly one in a position to pity and help mortals. Athena, the goddess of wisdom,Read MoreThe Tragedy Of Macbeth By William Shakespeare972 Words   |  4 Pageswaiting on her husband to return. Her only job, it seems, is to to be the hostess and wait on her husband and the King. Even in her attempts to â€Å"unsex† herself the job of hostess is always assigned to Lady Macbeth throughout the whole play. In the beginning of the play she is to be a hostess for King Duncan and his court when they arrive at her house. Even when Macbeth becomes king and she queen, we see her in the place of a hostess. In act 3 Scene 4, Macbeth introduces himself and his queen and says