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Maybe Twinkies Do Last Forever: Union, Hostess Headed To Mediation

 

 

"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."

 

 

That's the "alert" this hour at CNBC.com.

Reuters has issued this "bulletin":

 

 

"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."

 

 

And according to The Associated Press:

 

 

"Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week."

 

 

This follows Friday's big news, of course: "No More Twinkies? Hostess Brands Is Shutting Down."

We'll watch for more developments.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

 

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