I couldn’t agree more with George F. Will’s piece on how unions killed Hostess.
Here’s an excerpt:
Hostess, which had 18,500 employees making and distributing more than 30 brands made in 36 plants, had been in and out of bankruptcy several times since 2004. Its terminal crisis began on Nov. 9 when thousands of members of the bakers union went out on strike to protest wage, health care and pension cuts imposed by a court. The bakers objected to a 17% increase in their contribution for their health-care benefits.
The Teamsters liked the rule that bread and pastries might be going to the same place but must go in different trucks.
To be fair, Hostess’s pushover management is just as much to blame for giving away the house to selfish unions. Twinkies and Wonder Bread will survive in some form or another, but in the meantime, thousands of people will end up on the dole because of union greed.
Read the full piece here: http://goo.gl/IqUfB