facebook
twitter
rss
account
search
search
 

Twinkie talks fizzle out

Nov. 20, 2012 at 8:54 PM   |   Comments

WHITE PLAINS, N.Y., Nov. 20 (UPI) -- Last-ditch efforts to mediate an agreement to stave off the demise of Hostess Brands Inc. and its 18,500 jobs failed Tuesday, the company said.

Hostess Brands Inc. said the mediated talks, held at the behest of Judge Robert Drain, with the Bakery, Confectionery, Tobacco and Grain Millers Union failed to bear fruit, the Los Angeles Times reported.

Hostess, which has its headquarters in Texas, will return to bankruptcy court in White Plains, N.Y., Wednesday morning to push for approval to liquidate.

The company, makers of Twinkies, Ding Dongs, Ho Ho's and Wonder Bread, said it would have no further comment until then.

Hostess has said a strike by workers represented by the union was key to its decision to shut down its operations. The union charges Hostess management has lined its nest at the expense of rank-and-file workers' wages and benefits.

The Times said among the reported potential buyers for Hostess' assets are Hurst Capital, Flowers Foods, Sun Capital Partners and Bimbo Group.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
3
Pizza Hut hoping the "Skinny Slice" will mean big bucks
4
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback