Ho-Ho-Hold On: Hostess, Union Agree to Mediation

Twinkies and Wonder Bread may not be dead just yet.  At a bankruptcy judge’s urging, Hostess will enter talks on Tuesday to try to avoid liquidation.

FOX News Radio’s Jeff Monosso reports:

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Hostess Brands and its second-largest union have agreed to meet at the table for private talks, just days after the Texas-based company moved to lay off thousands of workers and sell off its assets in bankruptcy court.  A Federal judge in White Plains, New York noting the Hostess workers took to the picket lines after rejecting a contract offer, but without filing an objection to it first, and that mediation now needs to happen.

The bankruptcy hearing adjourned until Wednesday.

Jeff Monosso, FOX News Radio.