Big Labor has killed the goose that laid the golden sponge cake:
NEW YORK (CNNMoney) — Hostess Brands — the maker of such iconic baked goods as Twinkies, Devil Dogs and Wonder Bread — announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them.
The closing will result in Hostess’ nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide. The bakers’ union represents around 5,000.
As the article notes, the brands are probably going to come back, at some point: somebody will want to buy the recipe and the trademark to, say, Twinkies. But nobody’s going to buy the combination of the physical plant, recipe, trademark, and current labor contracts, so about 18,500 people are now hosed. And that would be thanks to the greed of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union’s leadership, who apparently decided that they’d rather see their membership’s world burn.