Hostess Mediation Fails; Liquidation Efforts to Resume
Hostess Brands Inc. lived to die another day.
The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with and its second biggest union. As a result, the company will continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can liquidate
The talks had come as a surprise after Hostess declared last week it would move to wind down its business and start selling off its assets in bankruptcy court. After making its case to liquidate on Monday, however, the bankruptcy judge hearing the case noted the two sides hadn't yet tried resolving their differences through private mediation. The judge noted that 18,000 jobs were on the line and urged the company and union to try to resolve their differences.
Source: AP. Read full article. (link)
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Just posted in the 'who killed...' thread:
So the judge required mediation. At this stage, the union has two choices; make do, or do without.
The union chooses to do without.
Happy holidays, you idiots! -
I talked to a former Teamster whose local effectively put their employer out of business, just like this. He was unrepentant, triumphant even. "Yeah, we really stuck it to them," was his tone.
The insanity was palpable.
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'Face, take THIS!'
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The thing is, in this case, the Teamsters were begging the Confectioners' to accept mediation.
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They were begging them to take the deal before this.
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How quaint! What the dilio? They'd rather lose their jobs? Wow.
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How quaint! What the dilio? They'd rather lose their jobs? Wow.
Gotta love the temper-tantrum mentality, huh? When New Yorkers gripe about unemployment, point to this and make a raspberry.
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Big picture. This was for all of unionkind. Solidarity, brothers!