[dolanbaker]

$this->bbcode_second_pass_quote('lowem', '')$this->bbcode_second_pass_quote('pstarr', 'M')aybe they are vanity big rigs for the 1%?

[Rod_Cloutier]

Hostess decides to liquidate its business, 18,500 to be fired:

http://hostessbrands.info/

$this->bbcode_second_pass_quote('', 'H')ostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn said in announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”

[lowem]

That's incredible.
They would rather shut down a rather substantial business than to at least talk things over with the workers?
Why??!

And a quick search brings up this :

americablog.com :

$this->bbcode_second_pass_quote('', 'H')ostess Twinkies’ CEO tripled his salary to $2.55 million while the company was preparing to go into bankruptcy. And nine top executives saw massive pay raises, some nearly doubling their salary. Ah, another greedy CEO who courageously blamed the union for his failure, while omitting the part about tripling his own pay while preparing to go under. Damn unions, indeed.

[Rod_Cloutier]

Imagine if every company in trouble did this. Shut down, fire everybody and liquidate all of the assets immediatly to the highest bidder.

There wouldn't be much of an economy left before long.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Repent', 'H')ostess decides to liquidate its business, 18,500 to be fired:

http://hostessbrands.info/

$this->bbcode_second_pass_quote('', 'H')ostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.

...

A decision not to negotiate with its unions and throw almost 20 thousand out of work borders on criminality. The owners and managers of this now defuct firm have chosen stupidity over reason.

A sad day for the world. (I liked twinkies and wonder bread)

[Rod_Cloutier]

There's something wrong with the current mindset of business.

A few years ago, the public phone utilitily, which had been a Crown corporation (in Canada), for decades, was privitized in keeping with the 'new' ideas of the time that privitization is somehow more efficient.

The new managers of this privatized company immediatly gave themselves huge pay increases, tripled monthly phone bills, reduced services, and laid off staff.

If this is progress, I'd hate to see decline!

[Lore]

$this->bbcode_second_pass_quote('Repent', 'T')here's something wrong with the current mindset of business.

A few years ago, the public phone utilitily, which had been a Crown corporation (in Canada), for decades, was privitized in keeping with the 'new' ideas of the time that privitization is somehow more efficient.

The new managers of this privatized company immediatly gave themselves huge pay increases, tripled monthly phone bills, reduced services, and laid off staff.

If this is progress, I'd hate to see decline!

[dolanbaker]

$this->bbcode_second_pass_quote('Repent', 'I')magine if every company in trouble did this. Shut down, fire everybody and liquidate all of the assets immediatly to the highest bidder.

There wouldn't be much of an economy left before long.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Lore', '
')This has happened all over the US where States have allowed private interest to take over what was once public, nonprofit supported services. An example being State toll roads, where fees have quickly doubled with no apparent improvements or maintenance. Currently the push is on to privatize our national postal service. Which by the way already must support itself without taxpayer support.

[lowem]

Myself, I'd prefer to use USPS to ship stuff from US over back to Singapore here. Simply put they're cheaper than FedEx or UPS. But perhaps that's why they're having financial troubles. Or maybe it's just the same old story of pensions and retirement benefits. Anyway, they don't want to ship lithium-ion batteries though so that means folks have to pay more to FexEx or UPS to ship out most gadgets.

[Lore]

$this->bbcode_second_pass_quote('lowem', 'M')yself, I'd prefer to use USPS to ship stuff from US over back to Singapore here. Simply put they're cheaper than FedEx or UPS. But perhaps that's why they're having financial troubles. Or maybe it's just the same old story of pensions and retirement benefits. Anyway, they don't want to ship lithium-ion batteries though so that means folks have to pay more to FexEx or UPS to ship out most gadgets.

[lowem]

news.yahoo.com

$this->bbcode_second_pass_quote('', 'J')apan's Sharp, struggling with deep losses and searching for a financial savior, has cut short an early retirement program after being flooded with volunteers. The company said Tuesday that it ended the program after a week, having received 2,960 applicants, about 10% of its domestic workforce. The original plan was for the program to run for two weeks and target about 2,000.

[Lore]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
So Lore, go ahead and cry over the post office. I'd strongly prefer to have some outfit like UPS or Fedex deliver ALL my mail RELIABLY and QUICKLY -- even if it costs me more. (And no, I don't think I should subsidize dirt cheap mail delivery to, say, folks who live in the Alaskan frontier), even when you and/or they claim they "need it".

[lowem]

m.yahoo.com

$this->bbcode_second_pass_quote('', 'T')he South Korean unit of General Motors Co plans to slash its headcount by launching a "voluntary retirement" scheme open to its 7,000 office workers, a company source told Reuters. The move is causing concerns about a restructuring at GM Korea, which is being squeezed by rivals Hyundai Motor Co and its affiliate Kia Motors Corp , as well as by imported vehicles from Germany, Japan and other countries.The South Korean market is shrinking due to the global economic slowdown and as heavy household debt cuts demand.

[lowem]

news.yahoo.com :

$this->bbcode_second_pass_quote('', 'T')winkies, Ho Hos and Wonder Bread are up for sale now that a bankruptcy judge cleared the way for Hostess Brands Inc. to fire its 18,500 workers and wind down its operations. The snack maker's demise was years in the making. Management missteps, rising labor costs and changing tastes culminated in a crippling strike by The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. Management had said Hostess was already operating on razor-thin margins and that the strike was the final blow. The union, meanwhile, pointed to the steep raises executives were given last year, as the company was spiraling down toward bankruptcy.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Lore', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')
So Lore, go ahead and cry over the post office. I'd strongly prefer to have some outfit like UPS or Fedex deliver ALL my mail RELIABLY and QUICKLY -- even if it costs me more. (And no, I don't think I should subsidize dirt cheap mail delivery to, say, folks who live in the Alaskan frontier), even when you and/or they claim they "need it".

[dolanbaker]

$this->bbcode_second_pass_quote('', '
')http://www.bbc.co.uk/news/uk-wales-20461523

Tata Steel is cutting 900 jobs around the UK, including almost 600 jobs at plants in south Wales.

Most of the Welsh losses will be management and administrative posts in Port Talbot, with Llanwern, near Newport, also hit.

Other job cuts include 155 in Yorkshire, 120 in the West Midlands and 30 on Teesside.

Smaller Tata operations in Crosskeys, Caerphilly county, and one near Tredegar in Blaenau Gwent will close.

Shift levels at the company's Rotherham and Hartlepool plants will be reduced to match production to lower demand for bar products and pipelines.

[lowem]

news.yahoo.com :

$this->bbcode_second_pass_quote('', 'C')redit Suisse will cut about 100 investment banking jobs in Britain as part of its restructuring plans designed to find 4 billion Swiss francs (2.7 billion pounds) of savings by 2015, the Financial Times reported on Tuesday. The newspaper, citing a person familiar with the situation, said the job losses will occur over the next 90 days, mainly affecting the investment bank's equities, fixed income and advisory businesses.

[lowem]

news.discovery.com :

$this->bbcode_second_pass_quote('', 'A')merican scientific research and development stands to lose thousands of jobs and face a starvation diet of reduced funding if politicians fail to compromise and halt the United States' march towards the fiscal cliff's sequestration of federal funds. The Bureau of Labor Statistics reported 1,082,370 U.S. citizens employed in the life sciences, such as biology and genetics, as well as physical and social sciences. Of these, approximately 31,000 stand to lose their jobs if sequestration takes place ... these potential job losses represent approximately three percent of the total life, physical and social science jobs in the United States.

[Tanada]

$this->bbcode_second_pass_quote('lowem', '[')url=http://news.discovery.com/earth/science-funding-fiscal-cliff-economy-jobs-121125.html]news.discovery.com[/url] :

$this->bbcode_second_pass_quote('', 'A')merican scientific research and development stands to lose thousands of jobs and face a starvation diet of reduced funding if politicians fail to compromise and halt the United States' march towards the fiscal cliff's sequestration of federal funds. The Bureau of Labor Statistics reported 1,082,370 U.S. citizens employed in the life sciences, such as biology and genetics, as well as physical and social sciences. Of these, approximately 31,000 stand to lose their jobs if sequestration takes place ... these potential job losses represent approximately three percent of the total life, physical and social science jobs in the United States.