Hostess has announced that it is
going to go out of business, rather than attempt to further negotiate a contract with striking bakery union workers. Since we haven't seen any of the details of the contract dispute, it's hard for me to know which side to pick in this one. I'm usually on the union side - it sucks having your pay and benefits cut; but if there's no more water in the well, there's no more water in the well, and striking won't change things.
On the other hand, this strike has been going on for about a week now, and I've never heard anything about any negotiations with the union. All I've heard was threats to shut down several of the company's bakeries, and then a last-ditch threat that if people didn't return to work by 2pm PDT yesterday everything would shut down.
I suppose we'll see, but right now the bottom line is that 18,500 employees are about to lose their jobs at holiday time (yet again), and unfortunately Hostess is looking to sell their recipes, so even a complete closure and bankruptcy will not save us from the everlasting yellow snack cake.