Hooray for Hostess because they told the truth and were not bluffing. This was a struggling company that made bread and cupcakes not electronics or automobiles. Maybe the next union that wants to fill 18,500 peoples heads with false hopes of getting another $3000 each in the middle of a failing global economy will think twice. I'll bet many of those workers regret following the one union idiot who thought he could force more money out of a loaf of bread. It's the equivalent of legal theft with punishment if you don't submit. Give us all another $3000 or we will shut you down with little warning.
Now I can't buy my Wonder bread or Ring Dings, nearly 20,000 are unemployed right before the holidays, a 75 year old company is wiped off the map in a week, and some greedy union needs to find a bunch of new members to line their pockets while offering as little in return to both sides of the table as possible. Call it wrong if you want but I think just about every one involved got just about what they deserved except those who felt forced to follow the union. Hostess warned every one they did not have the resources to whether an extended strike so why did they expect a different result?
The reality is no one else can step in, buy this company, keep these employees, and turn a profit today. The plants are antiquated, the employee benefits and retirement packages had grown out of control while profits dwindled. The only way to makes money with this today is to already have a competing business, take the few most profitable products after buying the rights and make them at your facility. The only ones who really made out were the owners and those on top who no longer have to deal with any of this BS and still get paid off for not walking of the job when ever they didn't get what they wanted.