Teamsters Statement On Mediation Between Hostess Brands And Bakers Union

Official Statement of Teamsters General Secretary-Treasurer Ken Hall

WASHINGTON, Nov. 19, 2012 /PRNewswire-USNewswire/ -- Today, Teamsters General Secretary-Treasurer Ken Hall made the following statement regarding the announcement that Hostess Brands Inc. and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union will enter into mediation led by bankruptcy Judge Robert Drain:

"Today's development is a positive step toward finding a solution that will keep 18,500 men and women employed at Hostess. We are hopeful that the bakers' union and the management team can find common ground during this mediation and avert liquidation.

"It is in the best interest of all parties involved that we remember what is at stake – the future of 18,500 workers and their families. This is not only about a brand or a product, it is also about real people that just want to work hard every day to provide for their families.

"The Teamsters will closely monitor the mediation between the BCTGM and Hostess management and assist in any way we can to help the two sides reach an agreement that keeps the company's doors open."

Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters.

SOURCE International Brotherhood of Teamsters

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here