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Keyword: hostessbrands

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  • Hostess to liquidate if bakers' strike continues through Thursday (18,000 jobs)

    11/14/2012 4:45:23 PM PST · by tobyhill · 218 replies
    cnn money ^ | 11/14/2012 | By James O'Toole
    Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday. "We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement. The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The bakers' union represents around 5,000. The union did not immediately respond to a request for comment Wednesday, but has called the concessions demanded in the new contract "outrageous." "Our members are on...
  • Twinkies maker Hostess gives unions 'final' offer

    04/14/2012 6:35:54 PM PDT · by Jet Jaguar · 88 replies
    AP ^ | April 14, 2012 | By DAVID KOENIG
    The company that makes Twinkies, Wonder bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts. Hostess Brands Inc. wants the Teamsters and bakers' unions to accept reduced pension benefits and changes in work rules to lower costs. It wants to outsource some delivery work. The company said Saturday that if the unions reject the offer, it will push ahead with efforts in bankruptcy court to throw out the unions' collective bargaining agreements. A union official warned that could lead to a strike. Hostess Brands...