Detail Hostess is Bankrupt Again   Oleh:  Kaplan, David A. Jenis: Article from Bulletin/Magazine Dalam koleksi: Fortune vol. 166 no. 3 (Aug. 2012), page 44-52. Topik: Labor; Hedge Funds; Pension Liabilities; Liquidation Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: FF16.48 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Caught in a fight between labor and hedge funds, the baker may finally have reached its expiration date. Those Twinkies on your cupboard shelf may last forever. But the company that makes them may not. The critical issue in the bankruptcy is legacy pensions. Hostess has roughly $2 billion in unfunded pension liabilities to its various unions' workers -- the Teamsters but also the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (which has largely chosen not to contest what Hostess wants to do -- that is, to get out of much of that obligation). If the bankruptcy court lets Hostess off the pension hook -- which often happens in these cases -- it only moves the struggle outside the courthouse, and the ante goes up. For the Teamsters can then call a strike -- which its Hostess employees have already ratified by a 9-to-1 margin. If the court doesn't grant relief, Hostess can seek liquidation, which would mean that some creditors get some money, but equity would be gone for good, as would a lot of jobs. Either way, each side holds a nuclear warhead with which to annihilate the company. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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