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Strike threat at Hostess could kill off Twinkies
cnn.com ^ | April 17, 2012 | Chris Isidore
Posted on April 17, 2012 3:26:04 PM EDT by Free ThinkerNY
NEW YORK (CNNMoney) -- The maker of Twinkies and Wonder Bread heads to court Tuesday to try to throw out its union contracts, in a battle that leaves the iconic baker's future very much in doubt.
Hostess Brands, which makes Ding Dongs and a variety of other sweet treats, is asking the bankruptcy court in White Plains, N.Y. to tear up labor agreements, which would, among other things, allow Hostess to change how it funds union pensions. The hearing is expected to last two days.
The International Brotherhood of Teamsters and the Bakery, Confectionery, Tobacco Workers, together represent more than three-quarters of the 18,500 workers at the company.
The Teamsters have vowed to strike if the judge agrees with management's request and dumps the labor deals.
But both management and the unions agree that the company is unlikely to survive a strike.
(Excerpt) Read more at money.cnn.com ...
