Friday’s news of the potential closure and sale of the Hostess company and its iconic snack-cake brands sent the internet spinning with nostalgia, laments, stories of Twinkie hoarding, gloating by healthy food advocates, etc. Well, it turns out there’s still a chance the company will be saved, and maybe they were just showing they weren’t afraid to sell it all off in the face of major financial problems and a stubborn union. As the Times’ Dealbook site is reporting, a federal judge has pushed Hostess and the bakers union back into mediation this week, and the two sides have agreed to meet one last time on Tuesday to try to come to a deal to avoid 18,000 layoffs and a complete closure of the company. If they can’t reach an agreement, Hostess will again seek approval of their close-out plan beginning Wednesday, which includes the sale of the Twinkies, Ho Hos, and Ding Dong brands, and the closure of multiple plants. [NYT, Earlier]
