Over 18,000 employees at Hostess must be feeling a little bit relieved by the latest talks between their bakers union and the company. Although it’s not known if all 33 plants will go back to full operation.
According to the Daily Mail, the courts decided that they have to try a mediation between the two, so that this massive layoff can possibly be avoided.
The outcome of the mediation is supposed to be heard in 24 hours and hopefully, we’ll see all of the parties involved come to an agreement that satisfies everyone.
CEO Gregory Rayburn set the time limit to Tuesday only because the meeting is apparently costing $1 million a day in overhead costs to wind down operations. Regaining operation of all 33 plants is not certain in the agreement. But we’re hoping that an agreement can be met and all plants reopen.
Read more here. Hopefully, those folks paying anywhere for $50 to a $1,000 for Hostess cakes and products won’t sink into a deep depression if the company is saved.