Bakers Union Fights Hostess Cake Buyers Over Jobs

Law360, New York (March 13, 2013, 5:56 PM EDT) -- A Hostess Brands Inc. bakers union continued to battle with the bankrupt snack icon Tuesday when it challenged the proposed sales of some of Hostess’ cake brands, saying none of the potential purchasers have committed to preserving jobs.

The Bakery Confectionery Tobacco Workers and Grain Millers International Union said in a court filing that the proposed sale orders for Hostess’ Drake’s brand, as well as a few others, have gone as far as to disclaim any obligation to consider employing any workers.

Furthermore, the union argues...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.