Management refused to invest in modernizing its bakeries or devote necessary resources to advertising and marketing, product development and new technology. Business plan after business plan failed, leaving the company ever deeper in debt," said union president Frank Hurt in a statement posted Nov.
The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union also showed little willingness to compromise. Indeed, the head of the union, Frank Hurt, did not attend yesterdays session.
Date: Nov 21, 2012
Category: Business
Source: Google
At Judge's Urging, Hostess and Union Agree to Mediation
that years of mismanagement were to blame. The private equity backers had loaded the company with debt, the unions said, making it difficult to modernize Hostesss bakeries or product offerings. The bakery workers president, Frank Hurt, called the private equity owners vulture capitalists.
BCTGM president Frank Hurt told the Wall Street Journal that there's "more than a good chance" someone would swoop in to buy the company's 30 brands and preserve jobs. He said that Twinkies and Wonder Bread are popular and they will be "produced somewhere, some time and by our members."
Frank Hurt, president of the bakers' union, called the liquidation "a deep disappointment" but said his members weren't the ones responsible, blaming the various management teams in place at Hostess over the past eight years for failing to turn the firm around.
Date: Nov 18, 2012
Category: Business
Source: Google
Sour ending for Hostess: About 400 Columbus employees out of work after ...
On Thursday, Frank Hurt, BCTGM International Union president, responded with his own statement, saying, "The crisis facing Hostess Brands is the result of nearly a decade of financial and operational mismanagement that resulted in two bankruptcies, mountains of debt, declining sales and lost market
strike," said Hostess Brands CEO Gregory F. Rayburn. "It is now up to Hostess' BCTGM represented employees and Frank Hurt, their international president, to decide if they want to call off the strike and save this company, or cause massive financial harm to thousands of employees and their families."
Date: Nov 15, 2012
Category: Business
Source: Google
Twinkies maker Hostess says it will file to liquidate if bakers don't end strike
Rayburn said it is now up to members of the Bakery, Confectionery, Tobacco Workers and Grain Millers Union, and Frank Hurt, its international president, to decide if they want to call off the strike and save this company, or cause massive financial harm.