Hostess Bankruptcy
Representing manufacturing, production, maintenance and sanitation workers in the baking, confectionery, tobacco and grain milling industries.
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(This is a re-post from the AFL-CIO's Live Convention BLOG) Bankruptcy laws are rigged against working people. Employers, corporations and lenders often exploit these laws to weaken our retirement security, cut health care and leave young workers saddled with student loan debt, without the prospect of a good job or the ability to discharge the debt through bankruptcy. Look no further than the coal giantsย Peabody Energy and Arch Coal, which created Patriot Coal to shed their obligations...

10 September, 2013

Jackie Tortora, AFL-CIO In response to Metropoulos & Co. CEO C. Dean Metropoulos' statement to The Wall Street Journal that the company will not hire union workers when reopening four former Hostess Brands bakeries, BCTGM International President David B. Durkee issued the following statement on behalf of all BCTGM members: The BCTGM is pleased to see that Hostess Brands LLC, the newly formed snack cake company created by Apollo Global Management and Metropoulos & Co, has announced...

26 April, 2013

In January, BCTGM President David B. Durkee sat down for a 2-part interview with Joshua Sosland of Milling & Baking News to speak from the Unionโ€™s perspective on the ongoing situation at Hostess. In part one of this interview, Sosland focuses on Durkeeโ€™s background and the philosophy of the Union. โ€œThe philosophy always was and remains, โ€˜Itโ€™s all about the members.โ€™ That was drilled through us every single day. โ€œAnd retired BCTGM President Frank Hurt, to the very...

02 April, 2013

Bankruptcy Judge Robert Drain has approved the sale of the sweet cake business formerly operated by Hostess Brands, clearing the way for Twinkies and other brands to return to shelves. Hostess Brands Inc. is selling the Twinkies, Ding Dongs and Ho Hos brands, to Apollo Global Management and Metropoulos & Co. for $410 million. Metropoulos has said it hopes to have the snack cakes back in stores by this summer. The judge also approved the sale Hostess...

19 March, 2013

By Bruce Vail, Working in These Times Last week, the U.S. Department of Labor announced an expanded package of benefits for more than 18,000 workers fired from their jobs at Hostess Brands, the company famous for producing Wonder Bread and Twinkies. The workers—formerly employed in 864 separate Hostess locations in 48 states—were summarily fired last November when company managers rather than reach an agreement with striking members of the Bakery, Confectionary, Tobacco Workers and Grain Millers...

26 February, 2013

WASHINGTON โ€“ The U.S. Department of Labor today announced that approximately 18,000 workers laid off in 48 states from 864 Hostess company locations are eligible to apply for Trade Adjustment Assistance.ย  โ€œAs President Obama said in his State of the Union address, โ€˜to grow our middle class, our citizens must have access to the education and training that todayโ€™s jobs require,โ€™ โ€ said acting Secretary of Labor Seth D. Harris. โ€œTrade Adjustment Assistance enables workers to...

20 February, 2013

The Gordian Group's Peter Kaufman, who is assisting the BCTGM and the B&C Pension Fund during the sale of Hostess, appeared on CNBC on Tuesday to offer the latest on the sale of the brands and the BCTGM's position for potential buyers.   Visit NBCNews.com for breaking news, world news, and news about the economy...

07 February, 2013

“When the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union drew a line in the sand in November and said it would rather risk liquidation, it was over. It was a principled position that the brands would do better with a fresh start and new management.” Read this New York Times piece from STEVEN M. DAVIDOFF that examines liquidation not as what killed Hostess, but rather the only thing that could have saved it. PDF: bctgm.org/PDFs/NYTimes_Feb5-2013.pdf Permalink:...

06 February, 2013

Kensington, MD, January 30, 2013 - In Response to the Announcement of Stalking Horse Bidder Apollo Global Management LLC and C. Dean Metropoulos & Co. for the Majority of Snack Cake Businesses in the Hostess Liquidation, BCTGM International President David B. Durkee Issued the Following Statement on Behalf of all BCTGM Members: “We share these bidders’ goal of quickly restoring Twinkies®, CupCakes®, Ding Dongs® and Ho Hos®, among others, to shelves across America, and view new, serious...

31 January, 2013

Kensington, MD, January 25, 2012 โ€“ In Response to the Recently-Concluded Court Hearing to Approve Stalking Horse Bidding Procedures for the Bread Business in the Hostess Bankruptcy, BCTGM International President David B. Durkee Issued the Following Statement on Behalf of all BCTGM Members: โ€œTodayโ€™s hearing on the stalking horse auction procedures for key bread assets sets the ground rules for a competitive bidding process for products including the Butternutยฎ, Home Prideยฎ, Meritaยฎ, Nature's Prideยฎ and Wonderยฎ...

25 January, 2013

BCTGM Local 218 member Mike Hummell, a Hostess/Wonder worker for 14 years, helps to tell the story of the Hostess bankruptcy through the eyes of dedicated Kansas bakers. โ€œYou've heard the Mainstream Media read you the Hostess PR sheet, now hear the truth from the mouths of the people who had their pension stolen. As the mainstream media distracted America with misinformation about Unions, the Hedge Funds got away with theft. They collected $4.25 an hour...

24 January, 2013

PRESS RELEASE/January 19, 2013 --The Bakery, Confectionery Union and Industry International Pension Fund (Bakers Fund) announced today that it has engaged the prominent New York distressed investment banking firm, Gordian Group, LLC, in connection with Hostess Brandsโ€™ chapter 11 cases currently pending in the Bankruptcy Court for the Southern District of New York. โ€œWe are making every effort for our members by working to preserve their jobs and pension benefits, and assisting with the continuation of...

20 January, 2013

ย The following was published in the November/December 2012 Issue of the BCTGM News.ย  Once upon a time there was a company. It had happy workers and was profitable for years โ€“ an American icon, some would say. But that fairytale ended long ago. One fact is clear: when BCTGM members employed by Hostess Brands across the country began to strike or honor picket lines onย November 9, their fight was about more than disgruntled workers upset with the...

12 December, 2012

A federal bankruptcy judge has approved bonuses for executives of Hostess, the maker of Twinkies, who stay on as the company is broken up and sold off. On Thursday, as part of a plan to liquidate the company and lay off 18,000 workers, a federal judge in White Plains, N.Y., approved paying 19 Hostess executives bonuses totaling $1.8 million. Hostess has said it has interest from at least 110 firms who want to buy pieces of...

30 November, 2012

"There is this narrative that the union talked us into voting for it, and we are portrayed as a bunch of emotional children that can't make decisions. We knew what we were doing when we took concessions in 2005." Read the full TRUTHOUT interview with BCTGM Hostess worker Mike Hummel by Yana Kunichoff....

29 November, 2012