27
711 days ago
#union #iww #ows #p2 #tlot #tcot
Hostess' Pattern of Mismanagement and Debt Caused Its Collapse
http://www.aflcio.org/Blog/Organizing-Bargaining/Hostess-Pattern-of-Mismanagement-and-Debt-Caused-Its-Collapse
While Hostess Brands is trying to scapegoat the workers and members of the Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM), the real cause of the company's collapse can be traced back to its crony capitalism and consistently poor management.
Hostess Brands is in bankruptcy for the second time in eight years. Since the first bankruptcy in 2004, BCTGM members across the country have taken dramatic wage and benefit concessions and watched as 21 Hostess plants were shut down and thousands of jobs were lost. At the time of the first bankruptcy, Hostess workers were assured by management tha...

0 Comments
Realtime comments disabled