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Issue Date: Vol. 52, No. 12, December 2012, Posted On: 11/20/2012

Twinkies Maker And Union Head For Mediation In Last Hope To Save Company

by Staff Reporter
TAGS: vending, vending machine, Hostess Brands, Hostess union mediation, Twinkies, Wonder Bread, Hostess bankruptcy judge, Bakery Confectionery Tobacco Workers and Grain Millers Union

NEW YORK CITY -- Hostess Brands and one of its biggest unions agreed to mediation in a last-ditch effort to keep the bankrupt maker of Twinkies and Wonder Bread from closing.

At the urging of a bankruptcy judge, Hostess Brands and the Bakery, Confectionery, Tobacco Workers and Grain Millers Union, which represents 5,600 Hostess workers, are meeting with a mediator today in a final bid to find a middle ground in their long-standing labor dispute.

If the two sides come to terms, the mediation could prevent the liquidation of the 82-year-old company and save 18,500 jobs. If not, Hostess will likely auction off its iconic brands, which include Twinkies, Wonder Bread and Ding Dongs.

Hostess announced on Nov. 16 that it was planning to go out of business, blaming a week-long nationwide strike by the bakery union that crippled production at its factories, putting an unbearable burden on the already struggling company. | SEE STORY

Retailers from coast to coast reported that customers were emptying shelves, buying up what might be the last boxes of the iconic Twinkies snack cakes.

Topic: Vending Features

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