Unresolved Hostess Contract Disputes May Hinder Bankruptcy Agreement

more+
less-

Unresolved Hostess Contract Disputes May Hinder Bankruptcy Agreement

by Joel R. Glucksman on April 19, 2012

Union workers and Hostess Brands management have failed to reach an agreement in employee contract negotiations, which may serve as another obstacle to the company’s bankruptcy reorganization.

The company filed for protection under bankruptcy law in January, and since that period, Hostess has been working on new union contract negotiations that will allow it successfully to reorganize and avoid liquidation, according to The Associated Press. Although Hostess has said it will petition the court to throw out existing union contracts if workers fail to agree with its final offer, the union submitted a counteroffer last week and threatened to strike if the contracts were tossed, the AP reports.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Joel Glucksman, Scarinci Hollenbeck | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×