By Fred Wszolek, Forbes
The recent news that Hostess Brands, an iconic company in business for 82 years, would be closing riled Americans and received significant news coverage. The maker of Twinkies, Ding Dongs and Ho Ho’s has been saddled with major liabilities due to its collective-bargaining agreements.
The labor bosses representing the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), which began to strike on November 9, refused to make meaningful concessions concerning wages and benefits. This left the Irving, Texas-based corporation with few options outside of liquidation.
Some may see this as a sad, isolated story about one company closing and more than 15,000 jobs being lost, but in reality, it serves as a stark and vivid warning to Americans about what’s to come if President Obama and the National Labor Relations Board (NLRB) has its way.