Wednesday, February 20, 2013

Twinkies Maker May Close Today | Reduction

Twinkies Maker May Close Today

Maritime Union Port Chalmers Dunedin Branch, Dunedin Fairness at Work Rally, 20 October 2010 (photo by Victor Billot)
Maritime Union Port Chalmers Dunedin Branch, Dunedin Fairness at Work Rally, 20 October 2010 (photo by Victor Billot) by Maritime Union of New Zealand
License (according to Flickr): Attribution License
Excerpt:

The end for Twinkies may just be hours away. Hostess Brands Inc. , the maker of the iconic snack, announced on Wednesday that it will liquidate the entire company if not enough striking employees return to work by Thursday evening. "We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Gregory Rayburn said in a statement Wednesday. "Therefore, if sufficient employees do not return to work by 5 p.m., EST, on Thursday to restore normal operations, we will be forced to immediately move to liquidate the entire company, which will result in the loss of nearly 18,000 jobs." The strikes began on Nov. 9, when the company imposed a contract that would cut workers' wages by 8 percent. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) said the contract would also cut benefits by 27 to 32 percent.

People:

Hostess

Overall Sentiment: -0.0671506

Relevance: 0.948759

Gregory Rayburn

Overall Sentiment: 0.0117068

Relevance: 0.690112

SentimentQuote
0.103898"We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Gregory Rayburn said ...
0.0645781"We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Gregory Rayburn said in a statement Wednesday. "Therefore, if sufficient employees do not return to work by 5 p.m., EST, on Thursday to restore normal operations, we will be forced to immediately move to liquidate the entire company, which will result in the loss of nearly 18,000 jobs."
-0.0451758"It is now up to Hostess' BCTGM represented employees and Frank Hurt, their international president, to decide if they want to call off the strike and save this company, or cause massive financial harm to thousands of employees and their families," Rayburn said. ...
Sentiment Stats:
  • Number of Quotes: 3
  • Aggregate Sentiment: 0.1233003
  • Mean: 0.0411001
  • Standard Deviation: 1.4142135623731

Frank Hurt

Overall Sentiment: 0.0345699

Relevance: 0.60548

SentimentQuote
-0.140314"Hostess Brands is making a mockery of the labor relations system that has been in place for nearly 100 years," union President Frank Hurt said ...
-0.111952"Hostess Brands is making a mockery of the labor relations system that has been in place for nearly 100 years," union President Frank Hurt said in a statement earlier this week. "Our members are not just striking for themselves, but for all unionized workers across North America who are covered by collective bargaining agreements."
Sentiment Stats:
  • Number of Quotes: 2
  • Aggregate Sentiment: -0.252266
  • Mean: -0.126133
  • Standard Deviation: 0

David Wright

Overall Sentiment: 0

Relevance: 0.38053

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Organization: Grain Millers International Union

Overall Sentiment: 0.0200916

Relevance: 0.531239

Organization: U.S. Bankruptcy Court

Overall Sentiment: -0.0183503

Relevance: 0.414935

Company: Brands Inc.

Overall Sentiment: 0

Relevance: 0.485775

Continent: North America

Overall Sentiment: 0

Relevance: 0.424856

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