Twinkie Maker Asks to Void Labor Contracts to Cut Costs
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Hostess Brands Inc., the maker of Twinkie snack cakes, began a court process to overhaul labor agreements to cut costs as it works to reorganize and emerge from bankruptcy protection.
Hostess is asking U.S. Bankruptcy Judge Robert Drain in White Plains, New York, for permission to reject union contracts, warning that it faces liquidation if it can’t modify labor deals.