Hostess Closes Plants as Workers Strike.
Three days of labor strikes have prompted Hostess Brands Inc. to close three plants and mull a possible liquidation of the beleaguered baking company.
Hostess, which has been dueling with various labor groups for the past 10 months as it attempts to claw its way out of Chapter 11 bankruptcy protection, is seeing picket lines at about two-thirds of its plants, according to Chief Executive Gregory Rayburn.
The strikes were organized by the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union, whose 5,680 Hostess workers account for about 30% of the company's total work force...
Read more at WSJ
Three days of labor strikes have prompted Hostess Brands Inc. to close three plants and mull a possible liquidation of the beleaguered baking company.
Hostess, which has been dueling with various labor groups for the past 10 months as it attempts to claw its way out of Chapter 11 bankruptcy protection, is seeing picket lines at about two-thirds of its plants, according to Chief Executive Gregory Rayburn.
The strikes were organized by the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union, whose 5,680 Hostess workers account for about 30% of the company's total work force...
Read more at WSJ
