Hold your Hostess – snack cake maker's shutdown is on hold
November 19th, 2012
04:45 PM ET
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Hostess Brands and a key union agreed Monday to try to mediate their dispute - an unexpected development that could spare the company from permanently shutting down.

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.

But Drain said he wanted the parties to try one last time to reach agreement. Drain will serve as the mediator at a session scheduled for Tuesday afternoon. Only one day of talks is set for now.

Read - Hostess shutdown on hold

Perhaps consider crafting some delicious, preservative-free snack cakes at home and telling us about it via iReport

soundoff (7 Responses)
  1. blanketjackson

    for goodness sake! hire a skinny actor.

    November 20, 2012 at 7:09 pm |
  2. Jdizzle McHammerpants ♫♫

    This picture reminds me of Walmart on the first Friday night of the month.

    November 20, 2012 at 11:31 am |
  3. GahhDamson

    Look what I found on eBay! http://r.ebay.com/zsu0WK

    November 20, 2012 at 9:06 am |
  4. datc1912

    Hostess continuing would be great except they need to continue without union parasites! Hmmmm.....How ironic would it be for Sun Capital to come in and "save" Hostess? Since Sun is basically the same as Bain, the liberals would all be frothing.

    November 20, 2012 at 8:34 am |
  5. EnoughAlready

    Wait! You were serious about that shutting down thing?

    November 19, 2012 at 11:14 pm |
  6. Twinkly

    Haha now that they are shown the door the workers are running back like bitchs before they get thrown out again.

    November 19, 2012 at 10:09 pm |
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