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Old 11-16-2012, 08:10 AM  
petegz28 petegz28 is offline
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Say Goodbye to Twinkies and Wonderbread

Sad to see this happen...

Twinkies Maker Hostess Going Out of Business
http://www.nbcdfw.com/news/national-...179643161.html
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Old 11-16-2012, 08:42 AM   #31
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Quote:
Originally Posted by Dave Lane View Post
Peoples eating habits have gotten better and spelled doom for Hostess.
Not really....If anything, theres alot more competition with sweets now. More than ever.
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Old 11-16-2012, 08:43 AM   #32
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Though true, it doesn't change the fact that they had a choice between taking the paycuts and losing their jobs. I guess I don't understand the situation well enough to know why losing your job would be the preferable option these days.
Because coupled with previous concessions, workers at the Hostess plants can make more money from unemployment than they could under the new proposal.
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Old 11-16-2012, 08:47 AM   #33
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Quote:
Originally Posted by Fat Elvis View Post
Because coupled with previous concessions, workers at the Hostess plants can make more money from unemployment than they could under the new proposal.
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Old 11-16-2012, 08:47 AM   #34
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Quote:
Originally Posted by Fat Elvis View Post
Because coupled with previous concessions, workers at the Hostess plants can make more money from unemployment than they could under the new proposal.
That's a little misleading. They may take home more with unemployment, but taxes and social security aren't withheld. Come April, they will owe taxes on all that unemployment money.

And then there's the issue of unemployment being a finite benefit.
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Old 11-16-2012, 08:50 AM   #35
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Quote:
Originally Posted by Fat Elvis View Post
Because coupled with previous concessions, workers at the Hostess plants can make more money from unemployment than they could under the new proposal.
What kind of pay cuts are they looking at? In the article you posted the one guy quoted was making $17 which is about $35,000\yr
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Old 11-16-2012, 08:50 AM   #36
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Quote:
Originally Posted by Dave View Post
Link?
They are claiming that in the Chicago Tribune....
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Old 11-16-2012, 08:51 AM   #37
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Originally Posted by Dave View Post
Link?
LOL nevermind
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Old 11-16-2012, 08:52 AM   #38
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Originally Posted by jspchief View Post
That's a little misleading. They may take home more with unemployment, but taxes and social security aren't withheld. Come April, they will owe taxes on all that unemployment money.

And then there's the issue of unemployment being a finite benefit.
I think they are probably assuming that once Hostess re-emerges out of bankruptcy under new ownership, many of the workers will probably be hired back. I dunno, that's my guess anyway....
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Old 11-16-2012, 08:53 AM   #39
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Originally Posted by dirk digler View Post
What kind of pay cuts are they looking at? In the article you posted the one guy quoted was making $17 which is about $35,000\yr
I think it would be interesting to see what kind of concessions the unions had already made in the past. Right now, I think they are looking at an 8% cut.
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Old 11-16-2012, 08:56 AM   #40
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Unemployment benefits typically pay about 66% of the average of your gross income over the previous X number of weeks. Your take home pay from a job is probably in the neighborhood of 75% of gross.

Take an 8% pay cut, and your take home pay may come close to that 66% unemployment benefit.

But like I said, taxes are not withheld from unemployment, but they are still owed on it. Short term you may be bringing home more collecting unemployment. Long term you won't. And it will run out.
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Old 11-16-2012, 08:56 AM   #41
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Quote:
Originally Posted by dirk digler View Post
What kind of pay cuts are they looking at? In the article you posted the one guy quoted was making $17 which is about $35,000\yr
It said 8% so he would have went to $32,200.
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Old 11-16-2012, 08:56 AM   #42
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****, this thread is going to draw the DC scum into the lounge.
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Old 11-16-2012, 08:56 AM   #43
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Quote:
Originally Posted by jspchief View Post
That's a little misleading. They may take home more with unemployment, but taxes and social security aren't withheld. Come April, they will owe taxes on all that unemployment money.

And then there's the issue of unemployment being a finite benefit.
You have the option to have federal taxes withheld on unemployment benefits.
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Old 11-16-2012, 08:57 AM   #44
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Quote:
Originally Posted by Fat Elvis View Post
I think they are probably assuming that once Hostess re-emerges out of bankruptcy under new ownership, many of the workers will probably be hired back. I dunno, that's my guess anyway....
Quite possibly. But if they think they will be hired back at their previous wage, they are likely fooling themselves.
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Old 11-16-2012, 08:58 AM   #45
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Quote:
Originally Posted by Dave View Post
You have the option to have federal taxes withheld on unemployment benefits.
That's (somewhat) new. Wasn't the case back when I was on unemployment.
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