Monday, November 19, 2012

Hostess/Bakers Union Agree to Mediation: Bankruptcy Judge has “serious questions as to the logic behind the decision to strike.”

No kidding, your Honor
Short the ebay twinks!
The Washington Post has Bloomberg's take

Hostess, Bakers Union to hold talks on reason for strike
Hostess Brands Inc. will hold talks with its bakery workers’ union tomorrow to explore the reasons for a strike that the maker of Twinkies and Wonder bread said will force it to liquidate.

U.S Bankruptcy Judge Robert Drain said today at a hearing in White Plains, New York, that there are “serious questions as to the logic behind the decision to strike.” He urged the company and the union to enter mediation, citing the potential loss of more than 18,000 jobs....MORE