Business Insider – by Kim Bhasin
Twinkies have been saved — for now.
Hostess and the Bakers Union have agreed to mediation, preventing a shutdown, CNBC reports.
There are 18,500 jobs at stake. 5,000 of the workers are members of the Bakers Union.
Judge Robert Drain of the U.S. Bankruptcy Court of White Plains, N.Y., suggested it as a way to resolve their differences, The Wall Street Journal reports.
“Moving to a liquidation is also a significant economic hit, and I think that many people, myself included, have serious questions as to the logic behind the decision to strike and a concern that it may be as a result of differences as far as information and goals,” he said.
“I’m giving the union, as well as the debtors and their lenders, the last chance.”
Make it happen, folks.
I thought Hostess shutting down was a done deal, screw the employees. Are Twinkies and Wonderbread so beloved as to resurrect these products, and save honest workers jobs? Right, we’ll get Mexican/ Chinese garbage with a Hostess label. The sheeple will delight in the continued availability of twinkies, ho/ho’s, and wunerbread, and 95% of hostess employees will be in the unemployment line. Sorry about venting frustration. Be well, all, Rob
TWINKIES ARE SAVED!
I’m certain I’ll sleep better tonight.
NOT.
Saving the Twinkie is NOT good news.
Take one out of the wrapper, and leave it on a shelf for a year. We all know what would happen to food under these conditions, but miraculously, nothing at all happens to the Twinkie.