http://en.wikipedia.org/wiki/Twinkie_defense

In total, 18,500 union workers at 33 bakeries and 565 distribution centers are now out of work. This includes over 5,500 delivery routes and 570 bakery outlet stores.
This is Hostess' second tango with bankruptcy court, after it restructured in 2009. This past September, one of its major Teamster unions accepted a new contract with reduced wages and benefits, but their bakers' union rejected the deal that asked for an 8% cut in salaries and also a reduction in pension obligations and health care benefits. According to CNN Money, in exchange the company offered concessions, including a 25% equity stake for workers and the inclusion of union representatives on the board of directors.
Their official strike began last Friday at a plant in Kansas, then spread to other facilities around the country.
Gregory F. Rayburn, chief executive officer of Hostess Brands released a statement this morning: "We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike."
And don't forget the famous "Twinkie Defense" that some left wing scumbag defense attorney tried to pull. Forever a part of american legal lexicon.Did you read the Wiki article? It kind of says the opposite of what you wrote. The term "Twinkie defense" was coined by reporter who completely misunderstood the defense's case. Key quote:
http://en.wikipedia.org/wiki/Twinkie_defense
Originally Posted by Whirlaway
At some point it become a better option to call it quits, liquidate the assets, and pay off as much of your debts as possible. In the end, everyone loses. Originally Posted by The2DogsWill this mean that the Hostess employees, management and union, are now eligible to collect unemployment compensation benefits?
Teamsters local in Houston refused to use union labor to build their own building because it was too costly. They used nonunion labor. Solidarity. Originally Posted by The2DogsOn the otherhand, I heard early on that the "deal was made" that ONLY UNION linesmen were allowed to enter NY and NJ to bring the electricity back after Sandy!!!!