Deals
Hostess Fail to Reach Union Deal in Mediation
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Hostess Brands Inc. failed to reach a deal with union representatives during a mediation session aimed at preventing the Twinkie maker from liquidating and eliminating more than 18,000 jobs.
“A mediation today with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful,” Hostess said in a statement. The company said it won’t have further comment until a court hearing set for tomorrow.