Hostess Tries To Restructure After Filing Bankruptcy

10:25 AM, Apr 15, 2012   |    comments
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Dallas, TX -- The company that makes Twinkies, Wonder Bread and Ding Dongs says it's making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts.

Hostess Brands Inc. wants the Teamsters and bakers' unions to accept reduced pension benefits and changes in work rules to lower costs. It wants to outsource some delivery work.

The company said Saturday that if the unions reject the offer, it will push ahead with efforts in bankruptcy court to throw out the unions' collective bargaining agreements.

Hostess Brands filed for bankruptcy protection in January. A trial to decide the fate of the union contracts is scheduled to start Tuesday.


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