- Gregory Rayburn, the chief executive at Hostess, wrote a letter to employees stating that the company's chances of emerging from Chapter 11 would "evaporate" if union workers go on strike.
- Members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) were recently forced to accept a collective bargaining agreement by order of a bankruptcy court.
- Hostess filed for Chapter 11 bankruptcy protection back in January.
From the article:
Twinkies-maker Hostess Brands says it hopes it will be able to exit Chapter 11 in a few months, but has warned employees in the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) that strike action will force it to liquidate the company. ...