Failed talks with union spells end to Twinkie-maker Hostess

Jul 27 2013

File photo of a box of Hostess Twinkies on the shelves at a Wonder Bread Hostess Bakery Outlet in Glendale(Reuters) – Hostess Brands Inc will proceed with a plan to go out of business after the maker of Twinkie snack cakes said last-minute talks with striking workers broke down on Tuesday. Hostess and its striking bakers union were pressed by New York Bankruptcy Judge Robert Drain into mediation to try to end the walkout and save the company and its 18,500 jobs. Drain acted as a mediator during the private talks. Hostess, which also makes Wonder Bread and Drake's cakes, will ask Drain to approve a plan to begin a piece-meal lidquidation of the 82-year-old company. …


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    Originally posted 2012-11-21 19:16:49. Republished by Blog Post Promoter

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