National Consumer League: statement on Hostess liquidation

http://www.nclnet.org/newsroom/press-releases/717-ncl-statement-on-liquidation-of-hostess-brands-inc-

November 16, 2012
Contact: Carol McKay, NCL Communications, carolm@nclnet.org , (412) 945-3242

Washington, DC—Upon today’s announcement that Hostess Brands, Inc. has shut down operations and will liquidate assets, the National Consumers League continues to stand with the striking members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM).

The following statement may be attributed to National Consumers League Executive Director Sally Greenberg:

"Today is a sad day in America, and not just because of the demise of a brand that has produced iconic, well-loved treats and goods for generations, but because of the scapegoating taking place by corporate executives who are blaming brave union workers for the company’s collapse rather than taking responsibility themselves. It is years of poor management – not the reasonable demands to improve working conditions of the BCTGM – that led to the company’s demise. What a terrible time of year to take away the livelihood of 18,500 workers and the dozens of communities with factories that will be shuttered. Today’s announcement is a sad commentary on corporate America. The Hostess Brand’s executives put profits before people, paying large bonuses to executives while forcing the workers to give up benefits and pensions, once again putting Wall Street investors and themselves before the interests of the workers who build the brand."

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About the National Consumers League

The National Consumers League, founded in 1899, is America's pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.