At least tell the truth --
Thomas Connors shared The Blue, the Proud, the Liberal Corps's photo.
Hostess Brands is in bankruptcy for the second time in eight years. Since the first bankruptcy in 2004, BCTGM members across the country have taken dramatic wage and benefit concessions and watched as 21 Hostess plants were shut down and thousands of jobs were lost. At the time of the first bankruptcy, Hostess workers were assured by management that money saved via concessions and plant closings would help make the company stronger, more vibrant and more competitive.
Six CEOs in 10 years have failed to turn the company around. Since 2001, plants were closed and thousands of workers laid off, yet the company still isn't viable. Now, 18,000 workers will lose their jobs.
These new infographics show the pattern of mismanagement over the years and the amount of debt Hostess Brands owes to lease obligations, trade creditors, accrued workers' compensation liabilities and more.
http://www.aflcio.org/Blog/
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