This is what happens when unions demand too much from their employers....the employers shutter the plant and everybody is unemployed.....
Hostess Brands CEO said Wednesday the company will liquidate unless striking workers return to the job by the end of the day on Thursday.
"We simply do not have the financial resources to survive an ongoing national strike," Gregory Rayburn said in a statement.
Workers are protesting a contract imposed by a bankruptcy court. The bakers union has called the contract "outrageous."
Good for this owner! I see one of two things happening here. Either Obama will step in and throw out established bankruptcy laws the way he did with the car companies and essentially hand over Hostess to the unions, or the plants will close and all these parasites will then be on the public dole indefinitely. Either way, union parasites do what all parasites do eventually to their host....they kill it.
4 comments:
Look at Detroit!
Why just yesterday I gave my son the lecture on "right to work states" versus union thuggery. He needs to know what he'll be up against in the "real" world.
That's right Dave. One of the first economics lessons I taught Michael was about how labor is like any other commodity and should be subject to the same market pressures of supply/demand/price, and not perverted and distorted by union coercion. Michael understood that when he was like 15, why can't adults in government?
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