Hostess is trending as the Twinkie maker's liquidation plans have been put on hold. Now that a federal bankruptcy judge delayed the company's plans to liquidate and sell off assets, Hostess will go into mediation Tuesday with the Bakery, Confectionery, Tobacco Workers and Grain Millers Union. Hostess management and the bakers' union will attempt to resolve the strike that Hostess said forced the company to shut down operations. U.S. Bankruptcy Judge Robert Drain said Monday at a hearing in New York that to not have gone through mediation would leave "a huge question mark over this case." Drain attributed his decision to not approve Hostess' liquidation to the potential loss of over 18,000 jobs. The bakers' union went on strike over pay cuts and reductions in benefits. Hostess said it would close down on Nov. 16, because the union's strike gave the company no other choice as it did not have enough workers to resume operations.
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