Tuesday, November 20, 2012

Hostess And Bakers Union Talks Break Down In Mediation

Hostess and the bakers' union have failed to make a deal in mediation.
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Here's the statement from Businesswire:

Hostess Brands Issues Statement Regarding Mediation with Bakers Union

IRVING, Texas, Nov 20, 2012 (BUSINESS WIRE) -- Hostess Brands Inc. announced today that a mediation today with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful. The Company will have no further comment until a hearing scheduled for tomorrow at 11 a.m., EST, before the U.S. Bankruptcy Court for the Southern District of New York.