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White Plains Judge Sends Twinkies Bankruptcy to Mediation

A White Plains bankruptcy judge has ordered Hostess back into mediation with union workers.

Instead of approving a proposed bankruptcy filing by the 82-year-old Hostess Company- maker of popular snack food brands like Twinkies, Ding Dongs, and Ho-Hos, a White Plains court has reportedly ordered management and members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International union to consider mediation to settle their current contract dispute.

Both groups agreed and will enter closed door sessions Tuesday.

Late last week, the Hostess management announced they could not come to a contract agreement with the union workers and would go out of business. The announcement created a minor frenzy as people made a run to buy their favorite snack cakes and treats. 

In other reports, there may already be other companies interested in buying the popular Twinkies brand including Georgia based Flowers Foods which also makes Tastykake snack foods. Interest has also reportedly been expressed by Bimbo Group of Mexico; the company makes Sara Lee and Entenmann's food products.

peter homolya November 20, 2012 at 04:00 PM
we elected a president with no experince , and we are going bankrupt faster than any other leader. why not a bakery?
John Gruber November 20, 2012 at 04:55 PM
right Bob, unions have a purpose, at this point though they are taking more than they need. They certainly due have a continuing purpose because you can bet companies would take advantage. They need to find common ground between the company and the worker
Liz Claire November 20, 2012 at 08:42 PM
Regarding "poison", Capt. Crunch, BusinessWeek reports: "Maybe the most surprising thing about the company’s history is that it has lasted this long, said Steve Ettlinger, the New York-based author of “Twinkie, Deconstructed.” Petroleum Based Twinkies’ moisture comes from oil, their vitamins are fermented or created out of petroleum, and the main ingredient in the cream is probably an emulsifier called Polysorbate 60, Ettlinger said." http://www.businessweek.com/news/2012-11-19/twinkie-history-spiced-with-murder-hints-icon-to-survive None of those ingredients are in my kitchen,
Walden Macnair November 20, 2012 at 08:54 PM
Capt., Whether Twinkies are enriched with Vitamin D or not is really a moot point. The point is, why is Hostess going bankrupt. The parent company of Hostess has made an offer to the union workers. That offer calls for an immediate 8% reduction in compensation followed by an additional 27 to 32% over five years. Hostess knows that this would never be accepted and the wall streeters who run the company from Silver Point and Monarch that own the company stand to make a fortune by liquidating it. Certainly, over the years the cost of union labor has risen and one could blame them for part of the demise, but it seems the truth is this was a planned failure. Whether Hostess gets liquidated or stays in business, the vultures at Silver Point and Monarch still make money. This isn't capitalism anymore, this is exploiting people for profit. The hell with the workers, the hell with the families, the hell with the community. Just get me that new Lamborghini. Hope they find out what Karma is.
Ruthmarie Hicks November 21, 2012 at 02:35 PM
Anyone with a handle like SMELLY PANTS is no capitalist...he's just drinking the tea party Kool -Aide. In other words- he's just another sheeple with no knowledge whatsoever. 5 day work week? 8 hour work day? I haven't seen that in YEARS. The weakening of unions has created a 24/7 workday world where there is no down time. We need the unions to get back on their feet.

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