date:Aug 25, 2012
. Rayburn said. Its painful for the employees because it requires wage concessions, pensions concessions, and theyve been through this ringer once already. So there is a way, but its not an easy way.
Hostess recently proposed a deal to its union members that would save $200 million in costs, but would come at the expense of cutting wages and health care for 19,000 employees. The unions are expected to vote on the proposal in September.
Asked by the shows panel whether Hostess problems were an ex