Hostess Brands Inc. said Tuesday night it would proceed with liquidation plans after mediation fails.
“I’m not too optimistic about this mediation,” Frank Hurt, president of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union, said when reached earlier Tuesday afternoon in Columbus, Ohio. He said he couldn’t get to New York, where the session was taking place; instead, he said, the union’s secretary-treasurer was attending.
Meanwhile, some Hostess workers in another union awaiting the mediation results criticized Mr. Hurt, the 20-year president of the bakers union, who defended his decisions and actions during the company’s bankruptcy process.
The mediation came at a judge’s suggestion after the Twinkie maker said Friday that a week-long strike by the bakers left the company no choice but to seek a bankruptcy judge’s approval for liquidation.
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