Hostess Liquidation Approved, Along With $1.8 Million in Executive Bonuses

By: Friday November 30, 2012 7:00 am

A federal judge has blessed the Hostess liquidation, after labor and management failed to reach agreement on an equitable solution. This isn’t surprising at all; management was basically set up to liquidate the company and strip the assets. Twinkies and Ding Dongs will survive; the company has solicited several offers for the brands. It’s just [...]

Hostess, Baker’s Union Agree to Mediation, Avoiding Shutdown for Now

By: Monday November 19, 2012 12:18 pm

A US bankruptcy judge has prevented the liquidation of Hostess Brands for the moment, suggesting a mediation process between the company and its Bakers Union. Both sides have agreed to the mediation. Hostess went to Judge Robert Drain to, get this, receive permission to pay out executive bonuses to top officials in the company, even [...]

Death By Twinkie: What the Hostess Liquidation Says About Labor and the Economy

By: Friday November 16, 2012 12:45 pm

In good news for people who don’t want to die prematurely because of their diet, Hostess Foods, makers of Twinkies, Ding Dongs, Sno Balls and other inedible confectionaries, will liquidate the company, which is currently suffering through a labor strike. In a statement, Hostess said its bakery operations have been suspended at all plants and [...]

support firedoglake
Follow FDL News Desk