Union: 'Bain-style' killing of Twinkie - Kevin Cirilli - POLITICO.com

Just sad!
Why don't Unions start acquiring these businesses and running those businesses themselves??  Cut out the middle man.

Union: 'Bain-style' killing of Twinkie - Kevin Cirilli - POLITICO.com: "“These workers, who consistently make great products Americans love and have offered multiple concessions, want their company to succeed,” Trumka said in the statement. “They have bravely taken a stand against the corporate race-to-the-bottom. And now they and their communities are suffering the tragedy of a needless layoff. This is wrong. It has to stop. It’s wrecking America.”

The closure of Hostess, based in Irving, Texas, means the company will lay off its 18,500 employees. In 2009, Hostess came out of bankruptcy thanks in part to private equity firm Ripplewood Holdings, which made a $130 million investment, CNBC reported Friday. Hostess filed again for bankruptcy in January, and its debt was later purchased by investment firms, including two hedge funds: Silver Point Capital and Monarch Alternative Capital, according to a CNN Money report."

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