I'm not sure what you guys are reading into this. The company expects to have no interruption of its production, and to keep all 570 of its stores open for now. The Twinkies and Ho-Hos aren't going anywhere.
And if the company does go under, all those brands have established value. Someone will buy the rights to the names and recipes, and Twinkies will just be made by Little Debbie or someone else.
It's hard to imagine adjustments in the salaries of a few executives making up a $341 million loss. If Hostess has old-school defined-benefit health plans and big pensions, and is competing with companies which do not have those costs, the writing is on the wall.
It's time for all those Teamsters to choose a short-term gravy train or stable employment.
Absolutely. But it doesn't change the choice the union members now face. Just delayed it a couple years....Somebody in management is responsible for negotiating union contracts...And if those same people didn't fix what they needed to when they had the chance in the first bankruptcy, it seems to me that some of those "Job Creators" in charge are going to have to take their share of the blame for the company's current woes.