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11th hour Hostess/union mediation fails; Twinkies re-declared DOA

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By Doug Powers  •  November 20, 2012 09:17 PM

**Written by Doug Powers

A bankruptcy judge had asked Hostess and one of the labor unions to go through a mediation session on Tuesday in order to try to come up with a deal to keep the company in business and save over 18,000 jobs.

It didn’t happen:

Hostess Brands 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.

Yesterday I checked at my local store and the shelves that usually hold the Hostess products were more barren the list of MSNBC’s criticisms of Obama. Sad. So much for my traditional Thanksgiving turtwinken.

Pass the Kleenex…

**Written by Doug Powers

Twitter @ThePowersThatBe

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