5 Ways Labor Stoppages Can Cost You

Strikes might lead to progress, but they come at a price

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5 Ways Labor Stoppages Can Cost You

An Entire Institution

ding dong 5 Ways Labor Stoppages Can Cost YouWhile a strike in New York cost some people lunch, another strike cost even more people dessert … and cost an institution its very existence.

Hostess, the maker of beloved desserts like Twinkies and Ding Dongs, is now liquidating thanks to a strike from its second largest union.

The death of the company, which got its start back in 1930, is costing 18,000 workers their jobs. And for junk-food fans and nostalgic food-lovers alike, Hostess’ death is also creating a wave of sadness (and wave of hoarding) for the classic treats.

The news is better for executives, though. They might have lost their company, but a judge recently approved a total of as much as $1.8 million in bonuses for 19 top executives at the bankrupt firm.


Article printed from InvestorPlace Media, http://investorplace.com/2012/12/5-ways-labor-stoppages-can-cost-you/.

©2014 InvestorPlace Media, LLC

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