Thursday, 22 November 2012

15000 lose jobs as Hostess as liquidates

“I’ve had buyers tell me, ‘Josh, a longer it takes, a reduction value I’m going to be means to compensate you,’ ” he said.

Hostess motionless to repay on Nov. 16, observant it was losing about $1 million per day after a Bakery, Confectionery, Tobacco and Grain Millers Union, representing tighten to one-third of a workers, went on strike a week earlier.

The bakers kinship walked out after Drain certified Hostess to levy compensate and advantage cuts, that a International Brotherhood of Teamsters, Hostess’ largest union, had accepted.

Hostess has about 33 plants, and 3 it motionless to tighten after a strike began, as good as 565 placement centers and 570 bakery opening stores.

Many of a 3,200 workers approaching to stay on will assistance close these properties and ready them for sale. Hostess

Read full article: http://www.usatoday.com/story/news/world/2012/11/21/gaza-media-war/1718117/


Source:
http://www.news.ezonearticle.com/2012/11/22/15000-lose-jobs-as-hostess-as-liquidates/

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