Hostess Brands, manufacturer of the iconic Twinkie, is in a bit of a predicament. The company filed for Chapter 11 bankruptcy in 2004, emerging in 2009, after rounds of restructuring and concessions taken by union and non-union employees (Flahardy, 2012). In the face of the recent recession and increasing commodities pricing, the company has yet again filed for bankruptcy protection (By & Spector, 2012). In addition, the company has been engaged in collective bargaining with its two major unions, the Teamsters Union and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM), hoping for more concessions from employees to help it survive. Combined, these unions represent …show more content…
Flahardy, C. (2012). Hostess files for bankruptcy ... again. Inside Counsel. Breaking News, Retrieved from http://library3.webster.edu/docview/1020991581?accountid=14944.
By, J. J., & Spector, M. (2012). At hostess, a battle over sharing pain. LBO Wire, Retrieved from http://library3.webster.edu/docview/964204461?accountid=14944. Feintzeig, R. (2012, Feb 14). Teamsters act tough with twinkies maker. Wall Street