Posted on 11/20/2012 7:01:36 PM PST by Jean S
Hostess Brands Inc. lived to die another day.
The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can shutter its operations.
The renewed talks between Hostess and The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union came after the company declared last week that it would move to wind down its business and start selling off its assets in bankruptcy court. The company cited a crippling strike that was started on Nov. 9 by the union, which represents 30 percent of Hostess workers.
After making its case to liquidate on Monday, the bankruptcy judge hearing the case noted that the two sides hadn't yet tried resolving their differences through private mediation. The judge noted that 18,000 jobs were on the line and urged the company and union to try to resolve their differences. Both sides agreed to hold mediation proceedings on Tuesday.
In a statement late Tuesday, Hostess said it would not comment on the breakdown in talks other than to say that mediation "was unsuccessful."
Hostess shut down its three dozen plants late last week after it said the strike by the bakers union hurt its ability to maintain normal production. The bakers union says the company's demise was the result of years of mismanagement, however, and that workers have already given steep concessions over the years.
(Excerpt) Read more at pjstar.com ...
Prayers for all of the folks caught up in this disaster who wanted to keep their jobs.
The drug cartels will be scared, because they are confronted with wild-eyed fiends - addicts suffused with twinkie-rage, coming to grab their share.
Two job openings here:
Indianapolis, IN for lookers...
http://www.omaha.com/article/20121120/MONEY/711209962/1697
I have to confess I’m a ding dong for Ding Dongs
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I just posted on the other thread that I own a Bimbo bread route, and use to see the Hostess rep daily. He used to give me a couple boxes a week to take home to my kids. My kids are in deep morning over the loss of their favorite snake.
oops, snake = snack
Thank you.
Can’t help you with the Ding Dongs, but go to CooksCountry.com and do a search for “Chocolate Cream Cupcakes.” They’re better than the Hostess cupcakes. I made a batch tonight for tomorrow’s bake sale. I expect them to bid high!
Twinies forever. :)
I mean Twinkies. Oops.
I love drakes yodels ad the ho hos.... The little Debbie Swiss rolls arent quite the same...... Sigh ..... FUBO!
Yes
Gansito, the mexican Hostess will take over and fill the void
That is a good point. Another success for sugar tariffs.
Many in San Francisco would agree with your words, but not your sentiment.
Tariffs, like the Bakers union, killed our sugar cane industry. Now, everything is sweetened with high fructose corn syrup. Great, we develop diabetes and become fatter than Monsanto's corn margins.
I can't eat the stuff due to an allergy. I lost 40 lbs when I cut it out of my diet (no small feat since it's in everything).
“Who do the bakers think they are, a bunch of public school teachers”
Apparently they do; they feel they should be paid even if it means Hostess stops paying their utility bills, non-union payrolls, etc.
We had out Pathmark supermarket close a couple of years ago; Obamanomics at work (in conjunction with the “Wal-Martization” of America.
Yikes!
:: Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can shutter its operations. ::
The judge will soon be hearing from the Obamugabe administration, and, the bankruptcy judge will say, “no” and the Unions (Bakers and Teamsters) will be awarded 75% of the company’s premium and preferred shares.
It will be GM deja vu.
Let them eat cake...
A bankruptcy judge can’t force a company to stay in business.
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