In an attempt to prevent the liquidation of Hostess Brands through bankruptcy, it has agreed to mediation with the Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union.  Because of continuing strikes, Hostess said that the Union had made it impossible to conduct business and filed for bankruptcy relief.  The Union was striking, in part, because of reduced pay and cuts in pensions.

Judge Robert Drain stated in court that he had serious questions about the logic of continuing a strike when the Union and the debtor had not taken the critical step of mediation.  For more see, “Hostess, Union Agree To Mediate, Likely Helping Twinkie-Maker Avoid Shutdown.”