The Bankruptcy court, told the unions to take the deal or leave it.
Company management had no say in that part of the matter.
The number of unions and insurance companies, combined with the wide array of contracts involved, made comprehensive, economical management, impossible.
The unions got what the deserved.
I hope the businesses buying the assets only operate in right to work states.
A curious question for our FR legal experts. Why is the Hostess bankruptcy(which is a Mid-western company) going through a US Bankruptcy Court located in White Plains, NY? Are there no bankruptcy courts in Kansas or Missouri?