Deadline passes for Hostess workers, management in labor standoff
BY KYLE ARNOLD World Staff Writer
Thursday, November 15, 2012
11/15/12 at 6:25 PM
Dozens of striking Hostess bakery workers in Tulsa didn’t budge Thursday afternoon after a threat by executive management to liquidate the company if the walkout and protest continued.
Workers with the Bakery, Confectionery, Tobacco Workers and Grain Millers Union in Tulsa and nationwide are now waiting to see if Hostess Brands Inc. follows through on a statement made Wednesday to file in bankruptcy court to shut down every factory nationwide and begin proceedings to liquidate the company.
Hostess gave employees a 4 p.m. Thursday deadline, which came and went without an end to the strike.
Tulsa’s Hostess Wonder Bread plant has 160 workers and has been operating despite the strike.
“We simply don’t have the financial resources to survive an ongoing national strike,” said Hostess CEO and chairman Gregory F. Rayburn in a statement Thursday.
A spokesman for Hostess said there would not likely be any more updates from the company until Friday morning, when Hostess is expected to begin a process that would lead to liquidation.
Read more of this story in Friday's Tulsa World.