News Summary: Hostess to mediate with union

November 19, 2012 @ 2:34 pm

(AP) - LET'S TALK TWINKIES: Hostess Brands Inc. and its second largest union agreed Monday to mediation, meaning the company won't go out of business just yet.

HOPE FOR HO HO'S: The maker of Twinkies, Ding Dongs and Ho Ho's said it doesn't have much wiggle room and that an agreement will be needed by Tuesday night. CEO Greg Rayburn noted it's costing Hostess $1 million a day in payroll costs alone.

SWEET SUCCESS? Members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union weren't present at the meeting. Their lawyer wouldn't predict how the talks might go.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
More Money News
Top Stories

  • Dirty Wars
    Director Jeremy Scahill says Obama hasn't been fighting a clean war

  • Dollars Per Student
    Washington spending per student is below the national average

  • Coming Together
    If you came home to nothing but the concrete slab - what would you do?
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments