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Post by freefallin on Nov 16, 2012 12:35:52 GMT -4
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Post by tomc on Nov 16, 2012 13:01:40 GMT -4
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Post by jennyg on Nov 16, 2012 13:06:20 GMT -4
When the government and unions continually take chunk after chunk of the company profits, a business stops being profitable. Prime example of unions raping an organization: the US Postal Service. Only reason they are still around is because the tax payers have bottomless pockets.
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Post by kiboater on Nov 16, 2012 14:33:48 GMT -4
Sounds like they are ready for a federal take over of Hostess. They could make it a division of General Motors!
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Post by emsguru on Nov 16, 2012 15:48:48 GMT -4
When the government and unions continually take chunk after chunk of the company profits, a business stops being profitable. Prime example of unions raping an organization: the US Postal Service. Only reason they are still around is because the tax payers have bottomless pockets. Also because they threaten to cut costs by closing extreme rural post offices and congressmen scream and it stays open. usatoday30.usatoday.com/news/nation/story/2012-05-09/post-office-closings-budget/54863934/1
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Post by Deleted on Nov 16, 2012 19:05:24 GMT -4
In related news.......... In all, the USA has lost more than 10,000 candymaking jobs since 1997 because of lower sugar prices and cheaper wages abroad, a 2006 U.S. Department of Commerce report said. Hershey, which once marketed itself as "The Great American Chocolate Bar," has made the new plant in Monterrey, Mexico the centerpiece of a $575 million cost-cutting plan. Workers in Mexico's processed food industry earn an average of $2.70 an hour, according to the National Institute of Statistics, Geography and Data Processing. At Nestle's factory in Toluca, a skilled machinery operator earns 220 pesos a day, about $15.70. The same worker in Hershey, Pa., earns $19 to $25 an hour, Bomberger said. abcnews.go.com/Business/IndustryInfo/story?id=6867472&page=1#.UKbCz4bWY7U
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Post by tomc on Nov 16, 2012 20:15:54 GMT -4
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Post by honeybee on Nov 17, 2012 8:57:38 GMT -4
Agree with tomc re post office. Does anyone still eat twinkees, hostess cupcakes and white Wonder Bread? I think there is a lot to the issue that the product has lost a lot consumers.
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Post by Deleted on Nov 17, 2012 11:24:45 GMT -4
Where your Apple products are made in China...... Apple has given ABC News exclusive access to its contractor's assembly lines in China in the face of mounting criticism of conditions there. Correspondent Bill Weir went inside Foxconn, but Chinese factories have been in the crosshairs for years. Foxconn employees make $1.78 an hour and work 60 hours a week. abclocal.go.com/kgo/story?section=news/business&id=8552986
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Post by Deleted on Nov 17, 2012 11:43:10 GMT -4
U.S. Textile Mills See Problems Amid a slumping demand for apparel, many companies have been forced to lay off workers or declare Chapter 11 bankruptcy protection in order to deal with the difficult environment. Burlington Industries, once the largest textile maker in the world, filed for Chapter 11 earlier this month, while Lawrence, Mass.-based Malden Mills followed suit yesterday. Burlington, a Greensboro, N.C.-based company that has undergone a series of restructuring efforts in the past few years, has not said whether or not it will cut its work force. We pay $12, $14 an hour with full benefits. That's a good wage in this part of the country," says Gorga. "What are people going to replace that with? It's something you definitely lose sleep over." abcnews.go.com/Business/story?id=87522&page=1#.UKes74bWY7UHong Kong.....it approved legislation to introduce a minimum hourly wage of 28 Hong Kong dollars, or $3.59. International Labor Organization figures available showed that Vietnam’s minimum wage provided $85 a month, compared with $148 in Indonesia, $295 in Thailand and $379 in the Philippines. www.nytimes.com/2011/04/14/business/global/14wage.html?pagewanted=all
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Post by kiboater on Nov 17, 2012 11:47:10 GMT -4
From CBS News: "The Postal Service's loss was driven in part by a requirement that the semi-government agency prefund retiree health benefits to the tune of $11.1 billion. Even without that payment, however, the agency would have nearly matched last year's annual net loss of $5.1 billion."
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Post by Deleted on Nov 17, 2012 11:55:23 GMT -4
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Post by kiboater on Nov 17, 2012 12:39:09 GMT -4
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Post by tomc on Nov 17, 2012 16:32:40 GMT -4
Don't worry about the poor CEO's. They did ok. BCTGM members are well aware that as the company was preparing to file for bankruptcy earlier this year, the then CEO of Hostess was awarded a 300 percent raise (from approximately $750,000 to $2,550,000) and at least nine other top executives of the company received massive pay raises. One such executive received a pay increase from $500,000 to $900,000 and another received one taking his salary from $375,000 to $656,256. gawker.com/5961444/dont-worry-hostess-top-executives-still-got-richer-as-company-collapsedSounds as if it wasn't the unions, but the management that bankrupted the company. What a surprise...
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Post by Deleted on Nov 19, 2012 11:35:26 GMT -4
Did you hear about Hostess execs are still going to get $1.75 million in bonuses.
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Post by kiboater on Nov 19, 2012 16:37:33 GMT -4
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Post by Deleted on Nov 19, 2012 17:21:37 GMT -4
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Post by spoiledrae on Nov 19, 2012 19:01:56 GMT -4
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