Longer shelf life? Hostess, union agree to talk

NEED TO KNOW
  • Liquidation talks on hold as Hostess, bakers union plan to talk
  • Bankruptcy judge wants both sides to try to reach agreement
Hostess has agreed to last-minute talks with its bakers union in hopes of ending a labor dispute.

Hold on! You may not have to hoard away those Twinkies, Ho Ho’s and Wonder Bread after all.

Hostess and its bakers union agreed Monday to mediation to try to resolve their labor woes.

GALLERY: 11 brands that vanished

On Friday, Hostess said it would liquidate and sell off its brands after its bakers went on strike and both sides couldn’t negotiate a deal.

Hostess officials have said the company is bankrupt and the bakers union didn’t want to agree to cuts in pay and benefits.

READ MORE: Twinkie recipes to make before it's too late

A bankruptcy judge told both sides that he wanted them to try one last time to reach an agreement. 

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