Arab Today, arab today twinkie maker hostess union enter mediation
Last Updated : GMT 02:02:44
Arab Today, arab today
Arab Today, arab today

Twinkie maker Hostess, union enter mediation

Arab Today, arab today

Arab Today, arab today Twinkie maker Hostess, union enter mediation

Washington - AFP

Twinkie manufacturer Hostess said Monday it would enter mediation with its union aimed at resolving differences that forced it to shut down national operations and seek liquidation last week. Hostess Brands, the maker of iconic super-sweet snacks and Wonder Bread, said it would start the confidential mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union on Tuesday, after a request from the New York district bankruptcy court. On Friday Hostess, already in bankruptcy proceedings, announced it was shutting down its hundreds of bakeries and outlets because it could not reach a deal with workers that would allow it to keep going. The shutdown put most of its 18,500 staff out of work and ended production of its most famous item, the cream-filled sponge cake Twinkie, sending fans to clean the shelves of supermarkets and convenience stores where they are normally sold. Hostess kept its production lines closed Monday and said the court hearing to wind down the company and sell its assets had been rescheduled for Wednesday. The 82-year-old Irving, Texas-based company, with 33 bakeries, 553 distribution centers and 527 bakery outlets nationwide, produces famous baked snacks like Sno Balls, Ding Dongs, Ho Ho\'s, and Hostess CupCakes, and controls a number of brands like Wonder Bread and Nature\'s Pride. The company was hit by the economic downturn and a shift in public tastes, but management has also blamed staff costs for its problems. In a court filing Monday, the union pointed the finger at a management which it described as determined to shut down plants well before workers who were members of the BCTGM union walked out on strike on November 9. \"Blaming the BCTGM for the company\'s liquidation is no more credible than blaming an isolated gust of wind for blowing over a tree, when it was the tree\'s shallow, rotted root structure that was actually responsible.\" The union said it hoped to transfer Hostess\'s assets to \"true baking industry operators who will have a fighting chance of operating a baking business, rather than leave them with management and lenders whose intransigence and unwillingness to face directly the company\'s real problems has driven it into bankruptcy twice.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today twinkie maker hostess union enter mediation Arab Today, arab today twinkie maker hostess union enter mediation

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday