Twinkies Go To Court...

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A federal judge has now ordered Hostess to once AGAIN attempt mediation with the Union-- which is part of what put the company in bankruptcy the first time-- so for the moment, Twinkies and Wonder bread will still be around. However, Hostess won't be operating at full capacity, if at all, during the legal process. Hostess was going to sell everything off-- a Mexican company based in Texas, named Grupo Bimbo (now that is an unfortunate name...), was interested in buying, as were Little Debby and Sun Bakery. The union and Hostess will have until Wednesday to come to an agreement before the bankruptcy proceeds. The union leaders are saying they are confident that the explosion of Twinkies hoarding will work to their advantage, though I can't see why. They have no interest in changing their demands at all, and they have already said they believe half of the workers affected will get jobs with other bakeries. The Judge says he is trying to save the jobs--but realistically, unless the unions compromise and allow changes to their pension, bonuses and pay scale, I can't see a way the company can continue to operate. Stockholders are losing, corporate is losing, and the workers are losing-- and this legal finagling will cost everyone involved money, unnecessarily. So, Mylotters-- when a union won't compromise, a company can't afford to compromise, and the workers will lose either way, do you think a judge should do as this one has, and halt the bankruptcy with no expectation of success? The judge cannot compel either party to compromise, and in my opinion, should not have intervened at this late stage.