A mediation session today between Hostess Brands Inc. and the Bakery, Confectionery, Tobacco and Grain Millers Union failed to come to an agreement. As a result, the company will move forward with the liquidation process.
Crippled by a nationwide strike, on Friday the makers of Wonder Bread and Hostess Brands snack products that include iconic Twinkies cakes announced plans to permanently close its doors and lay off all of its 18,500 employees.
