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ruffryder · 11-20-2012, 04:37 PM

NEW YORK (CNNMoney) -- Management at Hostess Brands and leaders of the Bakery Workers union may agree on only one thing heading into mediation Tuesday -- neither expected to be there.

The results of the mediation, scheduled for 1 p.m. Tuesday., will determine if the company and its 18,500 jobs can be saved. If not, Tuesday's session will prove to be only a slight detour on the way to liquidation for the maker of such iconic products as Twinkies, Wonder Bread and Drake's snacks.

The mediation session was essentially ordered by U.S. Bankruptcy Court Judge Robert Drain, who will also oversee the meeting. He said he wanted to try to do everything he could to try to find a deal before he ruled on the company's motion to liquidate.

"My desire to do this is prompted primarily by the possibility of the loss of 18,000 jobs," he said during the hearing Monday afternoon.

Related: Don't expect a different outcome for Hostess

Hostess is on the brink of closing after years of losses and a strike started on Nov. 9 by the Bakery Workers, which represents 5,000 workers at the company. The union insists that membership voted 90% against the concessions imposed on them by the company as part of its bankruptcy, concessions other workers agreed to accept.

The Bakery Workers union held the votes on the concessions during public meetings at union halls. But the Teamsters union let its 6,700 members vote using a secret ballot, and members voted 53% to accept the concessions. Last week, as the company threatened liquidation, the Teamsters asked that the Bakery Workers hold a secret ballot vote on the concessions, in the hopes that the bakers might be more willing to accept management's terms in private to avoid a shutdown.

On Monday after the mediation was ordered, the Teamsters union said it would do everything it could to help the two sides reach a deal to save the company

"We are hopeful that the bakers' union and the management team can find common ground during this mediation and avert liquidation," said Teamsters General Secretary-Treasurer Ken Hall. "It is in the best interest of all parties involved that we remember what is at stake -- the future of 18,500 workers and their families. This is not only about a brand or a product, it is also about real people that just want to work hard every day to provide for their families."

11-20-2012, 04:37 PM	#2746
ruffryder Senior Member How Do You Identify?: FTM Preferred Pronoun?: guy ones Relationship Status: ... Join Date: May 2011 Location: chillin' in FL Posts: 3,690 My Photo Gallery Thanks: 21,951 Thanked 9,679 Times in 2,875 Posts Rep Power: 21474854	Last chance for Hostess brands: Mediation NEW YORK (CNNMoney) -- Management at Hostess Brands and leaders of the Bakery Workers union may agree on only one thing heading into mediation Tuesday -- neither expected to be there. The results of the mediation, scheduled for 1 p.m. Tuesday., will determine if the company and its 18,500 jobs can be saved. If not, Tuesday's session will prove to be only a slight detour on the way to liquidation for the maker of such iconic products as Twinkies, Wonder Bread and Drake's snacks. The mediation session was essentially ordered by U.S. Bankruptcy Court Judge Robert Drain, who will also oversee the meeting. He said he wanted to try to do everything he could to try to find a deal before he ruled on the company's motion to liquidate. "My desire to do this is prompted primarily by the possibility of the loss of 18,000 jobs," he said during the hearing Monday afternoon. Related: Don't expect a different outcome for Hostess Hostess is on the brink of closing after years of losses and a strike started on Nov. 9 by the Bakery Workers, which represents 5,000 workers at the company. The union insists that membership voted 90% against the concessions imposed on them by the company as part of its bankruptcy, concessions other workers agreed to accept. The Bakery Workers union held the votes on the concessions during public meetings at union halls. But the Teamsters union let its 6,700 members vote using a secret ballot, and members voted 53% to accept the concessions. Last week, as the company threatened liquidation, the Teamsters asked that the Bakery Workers hold a secret ballot vote on the concessions, in the hopes that the bakers might be more willing to accept management's terms in private to avoid a shutdown. On Monday after the mediation was ordered, the Teamsters union said it would do everything it could to help the two sides reach a deal to save the company "We are hopeful that the bakers' union and the management team can find common ground during this mediation and avert liquidation," said Teamsters General Secretary-Treasurer Ken Hall. "It is in the best interest of all parties involved that we remember what is at stake -- the future of 18,500 workers and their families. This is not only about a brand or a product, it is also about real people that just want to work hard every day to provide for their families."