Still Hope for the Twinkie!

Hostess Brands, maker of the Twinkie and Snowball, returned to bankruptcy court today prepared to begin liquidation of all assets. Instead they announced that the company will enter mediation for one last try with the Bakery, Confectionery, Tobacco and Grain Millers Union.

Whether this was a brilliant marketing ploy or truly ‘a one last chance’ opportunity, it may be that the Twinkie will survive!

The BCTGM workers represent one-third of the Hostess workforce. All 18,500 jobs will be permanently eliminated if the Baker’s Union refuses to reconsider their position. They have only 24 hours to make their decision.

From the Hostess Brands Website: Hostess Brands Inc. announced today that it will follow a request from the U.S. Bankruptcy Court for the Southern District of New York to enter a confidential mediation on Tuesday with the Bakery, Confectionary, Tobacco and Grain Millers Union (BCTGM).

Today’s hearing to consider Hostess Brands’ motion to wind down the Company and sell all of its assets has been adjourned until 11 a.m., EST, on Wednesday.

Production remains shut down.

Teresa Wendt

A stay at home mom who runs a household, manages the finances, cares for a young adult autistic son, and cooks from scratch. Traveling from Arizona to Alaska summer of 2013. Visit my blog at https://ramblinroseaz.wordpress.com/ and follow along.

Share
Published by
Teresa Wendt

Recent Posts

Congress Must Ban Earmarks Once And For All

Before 2011, earmarks were a frequent source of corruption and furthering of personal agendas by…

4 hours ago

Regulated Into the Dirt

The Biden administration is creating regulations at an historic pace and it's making everything so…

6 hours ago

Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy

The U.S. economy is showing signs of stagflation as growth slumps down and prices continue…

6 hours ago

The ‘Deep State’ Is Far Deeper Than Anyone Imagined

Another week and another first for Donald J. Trump. No doubt, this is one he…

7 hours ago

Howard And Joe, Two Irrelevant Relics

I was never a fan of Howard Stern or any “shock-jock,” for that matter, but…

7 hours ago