Longer shelf life? Hostess, union agree to talk

By Kamal Wallace

updated 7:39 AM EST, Tue November 20, 2012

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.

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.

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

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