What did you expect out of Dark-Nighty except to deny, deny, deny the obvious?
Perhaps management did see this scenario looking down the road, and so scrambled to pack their parachutes as best as possible in advance of the inevitable. Unions didn't disappoint the old crystal ball -- they did what was entirely predictable.
In the meantime somebody is going to resurrect the goose in friendlier environs as those brand names are classic. Mexican owned Bimbo with bakeries in the USA look like a good possibility.