Would you want to take a pay cut because your board of directors bankrupted a NATIONWIDE company?

Fuck Hostess. And good for their employees refusing to take the 8% pay cut. I would do the same, union or not. The economy may be poor, but I would lose my job before I let an employer who BLEW HIS MONEY, go and take it out on me, the employee, via pay cuts.

There are jobs if you want to work. Sure, may not be in your field, or of the same pay, but there are jobs out there. In the short term I could live with not having my "dream job" to give my employer a big "FUCK YOU" when they bankrupted their selves and want to take it out on me.