By Hilary Gowins
''When unions can’t
work with employers in the private sector, companies go under. Hostess
Brands Inc. is the most recent case in point, announcing that it will
close its doors because of financial insolvency.
Hostess
has filed for bankruptcy twice since 2004, most recently this January.
The company has an annual revenue of $2 billion, but it also has almost
$2 billion in unfunded pension liabilities. Despite this, members of the
Bakery, Confectionery, Tobacco Workers and Grain Millers International
Union began striking last week over 8 percent wage cuts.''
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