Union workers have now completed their mission. 18,500 jobs are gone forever.
The national labor bosses stood firm. Labor leaders are proud they stood up to those nasty 'suits' [see Entourage for definition] who refused to run a money-losing business simply to continue paying salaries and benefits.
Hostess posted a $341 million loss in 2011 on revenues of about $2.5 billion. Contributing to those 2011 losses:
Unaccounted for in the above numbers were the outrageous union-imposed rules that made for a too-high-to-bear cost of sales:
America has come to this. The only defense against insane union demands is the willingness to walk away and close shop.
With General Motors and Chrysler we found that even that remedy would not work.