The reprieve for 300 workers at a Northeast Philly bakery lasted one day. The company announced plans to close on Monday, and then accepted a judge's request to seek a last-ditch effort to resolve a union dispute. The effort failed.
At the urging of a federal bankruptcy judge, Hostess Brands and its striking workers agreed Monday to enter private mediation in a last-ditch effort to prevent the company’s liquidation and save thousands of jobs, including about 300 at the company’s Northeast Philadelphia plant.
Hostess Brands asked a federal bankruptcy court for permission to close all its businesses nationwide, a move that would affect 18,500 employees. The company cited an ongoing labor dispute as the reason for its action.