Steve of CA Wrote:
Nov 17, 2012 4:56 AM
From the Chicago Tribune article linked by Katie: "The union accused Hostess in a statement of making unreasonable demands, including wage and benefit cuts of roughly 30 percent for workers, while top executives of the company received large pay raises. "'The crisis facing Hostess Brands is the result of nearly a decade of financial and operational mismanagement that resulted in two bankruptcies, mountains of debt, declining sales and lost market share,' said Frank Hurt, the union's president. 'The Wall Street investors who took over the company after the last bankruptcy attempted to resolve the mess by attacking the company's most valuable asset; its workers."'