Hostess bankruptcy 2012 [VIDEO], Hostess Brands and a key union agreed Monday to try to mediate their
dispute -- so eulogies for the makers of Twinkies may be premature, as
the bakers' union and the company agreed to talk over their differences.
The
Bakery Workers union, which represents 5,000 of the 18,500 employees at
the maker of Twinkies and Wonder Bread, went on strike on Nov. 9. The
company had imposed paycuts and other concessions opposed by the union's
membership.
On Friday, management announced a shutdown of
Hostess and appeared before U.S. Bankruptcy Judge Robert Drain on Monday
afternoon seeking approval to liquidate. Go here to read more and see the video.
