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[–] Crashmarik 2 points 0 points (+2|-2) ago 

Company was bankrupt twice. It's inspiring that anything at all was able to be saved.

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[–] CrazyInAnInsaneWorld 2 points -1 points (+1|-2) ago  (edited ago)

It wouldn't have needed saving in the first place if Management hadn't raided the worker's contractually-obligated pension funds and given themselves golden parachutes. To quote the relevant parts of the articles...

Hostess later admitted to using wages that were supposed to help fund pensions for the company's operations.

Creditors of Hostess Brands Inc. said in court papers the company may have "manipulated" its executives' salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to "sidestep" Bankruptcy Code compensation provisions.

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[–] Crashmarik 0 points 2 points (+2|-0) ago 

That's head in the sand thinking. You can't ignore automation anymore than you can ignore atomic weapons. If another company can do what you do with 5% of the workforce they are going to eat your lunch.

When you blame management for this you are right but not the way you think. If they had of been good management they would have made the changes themselves.