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Hostess Says Talks to Stave off Shutdown Fail
ABC ^ | 11/20/2012 | ap

Posted on 11/20/2012 6:18:06 PM PST by tobyhill

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 in White Plains, N.Y., 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 court judge 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.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS:

1 posted on 11/20/2012 6:18:13 PM PST by tobyhill
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To: tobyhill

Well liberals must be happy, I have read so many offensive posts by them on Facebook and elsewhere, all about how these jobs “weren’t worth it” and how no one would care about these 18,500 lousy jobs if the company didn’t make Twinkies.

Liberals are evil and it appears even many here don’t know what is coming.


2 posted on 11/20/2012 6:21:23 PM PST by Williams (No Obama)
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To: tobyhill

In the time between when the mediation failure was announced late this afternoon and now, hundreds of thousands of twinkies could have been eaten but weren’t.


3 posted on 11/20/2012 6:22:31 PM PST by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: tobyhill

They’ll all probably fly back home on Eastern Airlines.


4 posted on 11/20/2012 6:24:22 PM PST by cll (I am the warrant and the sanction)
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To: tobyhill

Let the judge buy and run the company then-—dopes.


5 posted on 11/20/2012 6:26:34 PM PST by tflabo
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To: cll

...and ride in Checker cabs back home from the airport.


6 posted on 11/20/2012 6:28:44 PM PST by dinodino
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To: cll

Or drive Pontiacs, Saturns, and Hummers.....


7 posted on 11/20/2012 6:31:49 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Williams

I bet it was worth it to the truck driver in Detroit making 120 grand to deliver Twinkies....


8 posted on 11/20/2012 6:33:38 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: tobyhill

I’ve read that some Mexican billionaire is looking into buying Hostess.

From what I’ve read, the unions actually think they’ll be able to get their sweetheart deals from the Mexican. I think they’ll be unpleasantly surprised... the majority of Americans won’t care if Hostess cakes are baked in Mexico, where the company won’t have to keep borrowing to keep up with sweetheart pension and benefits packages. Which is what will happen if the Mexican billionaire does buy the company and moves operations to avoid the unions.

Typical liberals. They have no understanding of economics, and truly believe that companies can just produce money on demand. With all of their striking, they just can’t force blood out of turnips...


9 posted on 11/20/2012 6:36:51 PM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: tobyhill

for those who need it..TWINKIE RECIPE

http://magazine.foxnews.com/recipe/hostess-strike-threatens-put-company-out-business-time-homemade-twinkies-recipe


10 posted on 11/20/2012 6:44:39 PM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: exDemMom

ZeroHedge thinks the union was betting on a GM style bailout but the timing (after the election) screwed them:

http://www.zerohedge.com/news/2012-11-20/hostess-mediation-fails-liquidation-proceed-furious-former-workers-now-turn-labor-un


11 posted on 11/20/2012 6:53:57 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: tobyhill

A judge can order a company not to go bankrupt? So, what does the company supposed to do when none of it’s suppliers will sell to them?


12 posted on 11/20/2012 7:00:24 PM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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To: tobyhill

Have some Ho-Hope and change!


13 posted on 11/20/2012 7:00:36 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Terry Mross
A judge can order a company not to go bankrupt? So, what does the company supposed to do when none of it’s suppliers will sell to them?


I believe this is the same judge that presided over the Delphi bankruptcy fiasco.
14 posted on 11/21/2012 3:57:11 AM PST by Kegger
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To: Doogle
for those who need it..TWINKIE RECIPE

I've already ordered my canoe pan from Amazon.com. Once it arrives, I will be test baking various Twinkie substitutes.

Fairs will never be the same without deep fried Twinkies.

:(

15 posted on 11/21/2012 3:58:12 AM PST by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: exDemMom

let us know how they turn out...

16 posted on 11/21/2012 4:16:01 AM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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