Originally Posted by DAN_BRONCO_FAN
way to go unions give yourselves a hand another greedy corporation done in by you good job guys only cost yalls 18,500 . good job guys mission accomplished .
Your statement here implies that had the union capitulated to Hostess' demands that the company might well have regained fiscal solvency. Is that a correct assumption?
If so then that means a large enough market exists for a company to profit within said market. The free market dictates that all such voids are filled by profit seeking entrepreneurs. End result: someone will fill this void more effectively and has 18,500 skilled workers just waiting to do so, and those workers will have significantly greater trust in this new employer, as opposed to the previous one who they accepted pay cuts from just four years ago and who hasn't been matching their contractual obligations regarding pensions for the last year.
Isn't this basically what the right claims we should have let the automobile industry do, but on a much smaller scale? In this case it's 18,500 jobs, with the auto industry the total fallout was estimated to be more like 1M or more (as many parts suppliers and the like would have gone under).