There's no doubt worker pensions played a significant part in hostess' collapse, but mgmt was complicit in many ways from poor negotiating to lack of upgrades and awareness of a changing market.
There were 80 different pension plans and over 200 collective bargaining agreement!!!!!!! Management was dumb, but the Unions are what drove the company into the ground.
Like I posted in another thread, Hostess kept choosing to give in to demands to live another day and hopefully weather the storm, this time they couldn't.
How the frick do you deal with people like that? There were numerous Unions. So one would come and demand a deal and the company would have to give in to keep going, but as soon as that union got concessions, it would embolden another one to make demands.
Should individuals be legally barred from organizing and negotiating for better wages?
Are these people incapable of finding better jobs or leaving the company if they aren't happy?